Walleye Capital LLC Invests $913,000 in CPI Card Group Inc. (NASDAQ:PMTS)

Walleye Capital LLC purchased a new stake in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,533 shares of the company's stock, valued at approximately $913,000. Walleye Capital LLC owned 0.27% of CPI Card Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Jane Street Group LLC acquired a new position in CPI Card Group during the 3rd quarter valued at about $305,000. Geode Capital Management LLC lifted its holdings 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 valued at $3,024,000 after buying an additional 2,828 shares during the period. Ritholtz Wealth Management grew its holdings in CPI Card Group by 16.9% during the fourth quarter. Ritholtz Wealth Management now owns 18,840 shares of the company's stock worth $563,000 after acquiring an additional 2,723 shares during the period. Barclays PLC raised its holdings in shares of CPI Card Group by 251.2% in the 3rd quarter. Barclays PLC now owns 7,330 shares of the company's stock worth $205,000 after purchasing an additional 5,243 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in CPI Card Group by 10.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,412 shares of the company's stock valued at $700,000 after purchasing an additional 2,178 shares during the last quarter. 22.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on PMTS. B. Riley upped their price target on CPI Card Group from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Roth Mkm reaffirmed a "buy" rating and set a $40.00 target price on shares of CPI Card Group in a research report on Wednesday, March 5th. Finally, DA Davidson increased their price target on CPI Card Group from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Four research 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, the company currently has a consensus rating of "Buy" and a consensus target price of $37.25.

CPI Card Group Trading Up 0.5 %

NASDAQ:PMTS traded up $0.13 during trading hours on Friday, hitting $26.16. 13,564 shares of the stock traded hands, compared to its average volume of 34,094. The firm has a 50 day moving average price of $28.00 and a 200 day moving average price of $28.62. The firm has a market cap of $294.69 million, a price-to-earnings ratio of 19.97 and a beta of 1.44. CPI Card Group Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $35.19.

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.