CPI Card Group Inc. (NASDAQ:PMTS) Chairman H Sanford Riley Buys 10,000 Shares

Key Points

• H Sanford Riley, Chairman of CPI Card Group Inc., purchased 10,000 shares at an average price of $15.75, increasing his total holdings to 31,033 shares.
• The company reported earnings of $0.04 per share for the recent quarter, falling $0.52 short of analyst expectations.
• Five analysts currently rate CPI Card Group as having a consensus rating of "Buy" with a price target of $34.00.

CPI Card Group Inc. (NASDAQ:PMTS - Get Free Report) Chairman H Sanford Riley bought 10,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was purchased at an average cost of $15.75 per share, for a total transaction of $157,500.00. Following the acquisition, the chairman directly owned 31,033 shares of the company's stock, valued at $488,769.75. The trade was a 47.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

CPI Card Group Price Performance

Shares of PMTS stock traded up $0.48 during trading hours on Monday, reaching $16.09. 13,170 shares of the company were exchanged, compared to its average volume of 47,961. The stock's fifty day moving average is $21.16 and its two-hundred day moving average is $24.57. The company has a market cap of $182.46 million, a price-to-earnings ratio of 14.37 and a beta of 1.31. CPI Card Group Inc. has a fifty-two week low of $12.52 and a fifty-two week high of $35.19.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.52). The company had revenue of $129.75 million during the quarter, compared to the consensus estimate of $132.96 million. CPI Card Group had a net margin of 2.66% and a negative return on equity of 58.00%. On average, research analysts anticipate that CPI Card Group Inc. will post 1.63 earnings per share for the current year.

Institutional Trading of CPI Card Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE bought a new position in CPI Card Group during the 1st quarter worth $33,000. Russell Investments Group Ltd. lifted its stake in shares of CPI Card Group by 1,635.8% in the 4th quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company's stock valued at $49,000 after acquiring an additional 1,554 shares during the last quarter. Wells Fargo & Company MN boosted its position in CPI Card Group by 44.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock worth $75,000 after buying an additional 776 shares during the period. Tower Research Capital LLC TRC increased its holdings in CPI Card Group by 355.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company's stock valued at $80,000 after purchasing an additional 2,080 shares during the period. Finally, Virtus Investment Advisers Inc. bought a new stake in CPI Card Group in the fourth quarter valued at approximately $84,000. 22.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PMTS has been the subject of a number of recent analyst reports. DA Davidson lowered their price target on shares of CPI Card Group from $38.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Zacks Research upgraded CPI Card Group to a "hold" rating in a research note on Monday, August 11th. Lake Street Capital dropped their price target on shares of CPI Card Group from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Finally, Wall Street Zen cut shares of CPI Card Group from a "buy" rating to a "hold" rating in a research note on Saturday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, CPI Card Group currently has an average rating of "Moderate Buy" and a consensus target price of $34.00.

CPI Card Group Company 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.