Manatuck Hill Partners LLC Acquires Shares of 55,000 CPI Card Group Inc. (NASDAQ:PMTS)

Manatuck Hill Partners LLC acquired a new position in CPI Card Group Inc. (NASDAQ:PMTS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 55,000 shares of the company's stock, valued at approximately $1,644,000. Manatuck Hill Partners LLC owned approximately 0.49% of CPI Card Group as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Vector Capital Management L.P. increased its stake in CPI Card Group by 38.4% in the fourth quarter. Vector Capital Management L.P. now owns 360,318 shares of the company's stock valued at $10,770,000 after purchasing an additional 100,000 shares during the last quarter. Northern Trust Corp raised its holdings in shares of CPI Card Group by 16.3% in the 4th quarter. Northern Trust Corp now owns 49,081 shares of the company's stock worth $1,467,000 after purchasing an additional 6,886 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of CPI Card Group by 355.6% in the 4th 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of CPI Card Group by 31.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 45,688 shares of the company's stock worth $1,366,000 after purchasing an additional 10,870 shares during the period. Finally, Marshall Wace LLP increased its position in CPI Card Group by 112.2% during the 4th quarter. Marshall Wace LLP now owns 82,877 shares of the company's stock worth $2,477,000 after purchasing an additional 43,814 shares in the last quarter. 22.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PMTS has been the subject of several recent research reports. B. Riley increased their price objective on shares of CPI Card Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Roth Mkm reiterated a "buy" rating and issued a $40.00 price target on shares of CPI Card Group in a report on Wednesday, March 5th. Finally, DA Davidson boosted their price objective on CPI Card Group from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CPI Card Group currently has an average rating of "Buy" and an average target price of $37.25.

CPI Card Group Stock Performance

Shares of NASDAQ:PMTS traded down $5.33 during trading hours on Wednesday, hitting $20.01. The stock had a trading volume of 81,604 shares, compared to its average volume of 34,347. The stock's fifty day simple moving average is $27.23 and its 200 day simple moving average is $28.70. The firm has a market capitalization of $225.46 million, a price-to-earnings ratio of 14.99 and a beta of 1.77. CPI Card Group Inc. has a 1-year low of $18.01 and a 1-year 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 (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.16). CPI Card Group had a net margin of 3.38% and a negative return on equity of 46.90%. As a group, research analysts anticipate that CPI Card Group Inc. will post 1.63 EPS for the current year.

About CPI Card Group

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.