Manatuck Hill Partners LLC Invests $1.64 Million in CPI Card Group Inc. (NASDAQ:PMTS)

Manatuck Hill Partners LLC acquired a new position in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) in the 4th quarter, according to its most recent 13F 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 about 0.49% of CPI Card Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp raised its stake in CPI Card Group by 9.3% during the third quarter. State Street Corp now owns 73,150 shares of the company's stock worth $2,036,000 after purchasing an additional 6,214 shares during the period. Jane Street Group LLC purchased a new position in CPI Card Group in the third quarter valued at approximately $305,000. Barclays PLC lifted its position in CPI Card Group by 251.2% during the third quarter. Barclays PLC now owns 7,330 shares of the company's stock valued at $205,000 after buying an additional 5,243 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CPI Card Group by 2.7% in the third quarter. Geode Capital Management LLC now owns 108,629 shares of the company's stock worth $3,024,000 after acquiring an additional 2,828 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of CPI Card Group by 16.9% in the 4th quarter. Ritholtz Wealth Management now owns 18,840 shares of the company's stock valued at $563,000 after acquiring an additional 2,723 shares during the period. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PMTS shares. 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. B. Riley increased their price objective on shares of CPI Card Group from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, Roth Mkm reissued a "buy" rating and set a $40.00 target price on shares of CPI Card Group in a research report on Wednesday, March 5th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CPI Card Group has an average rating of "Buy" and a consensus price target of $37.25.

CPI Card Group Price Performance

Shares of NASDAQ:PMTS traded down $0.24 during midday trading on Monday, reaching $26.12. The company had a trading volume of 16,048 shares, compared to its average volume of 34,058. The stock has a market capitalization of $294.24 million, a P/E ratio of 19.94 and a beta of 1.44. The stock's fifty day moving average price is $27.53 and its 200-day moving average price is $28.70. CPI Card Group Inc. has a one year low of $17.46 and a one year high of $35.19.

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.