Two Sigma Advisers LP increased its stake in CPI Card Group Inc. (NASDAQ:PMTS – Free Report) by 87.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,200 shares of the company’s stock after purchasing an additional 15,000 shares during the quarter. Two Sigma Advisers LP owned 0.29% of CPI Card Group worth $962,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Barclays PLC increased its holdings in shares of CPI Card Group by 5.2% in the 4th quarter. Barclays PLC now owns 7,712 shares of the company’s stock valued at $230,000 after purchasing an additional 382 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in CPI Card Group by 10.7% during the 4th quarter. BNP Paribas Financial Markets now owns 5,844 shares of the company’s stock valued at $175,000 after acquiring an additional 563 shares in the last quarter. Wells Fargo & Company MN increased its holdings 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 valued at $75,000 after acquiring an additional 776 shares in the last quarter. IFP Advisors Inc increased its holdings in CPI Card Group by 96.6% during the 4th quarter. IFP Advisors Inc now owns 3,048 shares of the company’s stock valued at $91,000 after acquiring an additional 1,498 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in CPI Card Group by 1,635.8% during 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 in the last quarter. Hedge funds and other institutional investors own 22.08% of the company’s stock.
Insider Activity at CPI Card Group
In related news, Chairman H Sanford Riley bought 15,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $21.51 per share, for a total transaction of $322,650.00. Following the completion of the acquisition, the chairman now owns 19,966 shares in the company, valued at $429,468.66. This trade represents a 302.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
View Our Latest Research Report on PMTS
CPI Card Group Price Performance
Shares of NASDAQ PMTS opened at $22.30 on Monday. The company has a market cap of $251.57 million, a PE ratio of 17.02 and a beta of 1.77. CPI Card Group Inc. has a 12 month low of $18.46 and a 12 month high of $35.19. The company has a 50-day simple moving average of $24.43 and a 200-day simple moving average of $28.34.
CPI Card Group (NASDAQ:PMTS – Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. The company had revenue of $122.76 million during the quarter, compared to analysts’ expectations of $120.90 million. On average, analysts anticipate that CPI Card Group Inc. will post 1.63 EPS for the current 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.
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