CPI Card Group Inc. (NASDAQ:PMTS) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management raised its position in CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 76.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 33,170 shares of the company's stock after buying an additional 14,330 shares during the quarter. Ritholtz Wealth Management owned about 0.29% of CPI Card Group worth $968,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of PMTS. Russell Investments Group Ltd. increased its stake in shares of CPI Card Group by 1,635.8% during the fourth quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company's stock worth $49,000 after acquiring an additional 1,554 shares during the period. Wells Fargo & Company MN increased its stake in shares of CPI Card Group by 44.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock worth $75,000 after acquiring an additional 776 shares during the period. Tower Research Capital LLC TRC increased its position in CPI Card Group by 355.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company's stock worth $80,000 after purchasing an additional 2,080 shares during the period. Virtus Investment Advisers Inc. acquired a new position in CPI Card Group during the 4th quarter worth approximately $84,000. Finally, IFP Advisors Inc increased its position in CPI Card Group by 96.6% during the 4th quarter. IFP Advisors Inc now owns 3,048 shares of the company's stock worth $91,000 after purchasing an additional 1,498 shares during the period. 22.08% of the stock is owned by institutional investors and hedge funds.

CPI Card Group Price Performance

CPI Card Group stock traded up $0.05 during trading hours on Friday, hitting $22.95. The stock had a trading volume of 55,924 shares, compared to its average volume of 38,526. The stock has a market capitalization of $258.88 million, a price-to-earnings ratio of 14.43 and a beta of 1.36. CPI Card Group Inc. has a 1-year low of $18.46 and a 1-year high of $35.19. The stock's fifty day moving average is $23.24 and its two-hundred day moving average is $27.56.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.16). The business had revenue of $122.76 million during the quarter, compared to analyst estimates of $120.90 million. CPI Card Group had a net margin of 3.83% and a negative return on equity of 66.46%. As a group, sell-side analysts anticipate that CPI Card Group Inc. will post 1.63 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Roth Mkm reiterated a "buy" rating and set a $40.00 target price on shares of CPI Card Group in a research report on Wednesday, March 5th. DA Davidson upped their price objective on CPI Card Group from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Lake Street Capital lowered their price target on shares of CPI Card Group from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. B. Riley upped their price target on shares of CPI Card Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, Wall Street Zen cut shares of CPI Card Group from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $36.75.

Insider Activity

In related news, Chairman H Sanford Riley acquired 15,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average price of $21.51 per share, with a total value of $322,650.00. Following the completion of the purchase, the chairman now directly owns 19,966 shares in the company, valued at approximately $429,468.66. The trade was a 302.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.80% of the company's stock.

CPI Card Group Profile

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.