Two Sigma Advisers LP Boosts Position in CPI Card Group Inc. (NASDAQ:PMTS)

Two Sigma Advisers LP grew its position in CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 87.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,200 shares of the company's stock after purchasing an additional 15,000 shares during the period. Two Sigma Advisers LP owned about 0.29% of CPI Card Group worth $962,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vector Capital Management L.P. grew its position in CPI Card Group by 38.4% in the 4th quarter. Vector Capital Management L.P. now owns 360,318 shares of the company's stock worth $10,770,000 after purchasing an additional 100,000 shares in the last quarter. Wasatch Advisors LP purchased a new position in shares of CPI Card Group in the 4th quarter worth approximately $10,175,000. Pacific Ridge Capital Partners LLC purchased a new position in shares of CPI Card Group in the 4th quarter worth approximately $4,401,000. Geode Capital Management LLC grew its holdings in shares of CPI Card Group by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 110,582 shares of the company's stock valued at $3,306,000 after acquiring an additional 1,953 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of CPI Card Group during the fourth quarter valued at approximately $3,240,000. Hedge funds and other institutional investors own 22.08% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PMTS. Wall Street Zen downgraded CPI Card Group from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 9th. Lake Street Capital cut 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 report on Thursday, May 8th. DA Davidson increased their price target on shares of CPI Card Group from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Roth Mkm reaffirmed a "buy" rating and issued a $40.00 price objective on shares of CPI Card Group in a research report on Wednesday, March 5th. Finally, B. Riley boosted their target price on shares of CPI Card Group from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, CPI Card Group has an average rating of "Buy" and an average target price of $36.75.

Insiders Place Their Bets

In other CPI Card Group news, Chairman H Sanford Riley bought 15,000 shares of the stock in a transaction 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 acquisition, the chairman now directly owns 19,966 shares of the company's stock, valued at $429,468.66. The trade was a 302.05% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.80% of the company's stock.

CPI Card Group Stock Performance

NASDAQ:PMTS traded up $0.46 during trading hours on Tuesday, reaching $22.77. The stock had a trading volume of 68,600 shares, compared to its average volume of 36,941. The stock has a market cap of $256.87 million, a P/E ratio of 17.38 and a beta of 1.77. The stock has a 50 day simple moving average of $24.28 and a 200 day simple moving average of $28.31. CPI Card Group Inc. has a 12-month low of $18.46 and a 12-month high of $35.19.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.16). CPI Card Group had a negative return on equity of 46.90% and a net margin of 3.38%. The firm had revenue of $122.76 million for the quarter, compared to the consensus estimate of $120.90 million. On average, equities analysts expect that CPI Card Group Inc. will post 1.63 earnings per share for the current fiscal year.

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.