CPI Card Group Inc. (NASDAQ:PMTS) Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its holdings in CPI Card Group Inc. (NASDAQ:PMTS) by 23.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 35,870 shares of the company’s stock after buying an additional 6,743 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in CPI Card Group were worth $1,072,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC lifted its position in shares of CPI Card Group by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 2,939 shares of the company’s stock worth $82,000 after buying an additional 1,656 shares during the last quarter. SG Americas Securities LLC acquired a new position in CPI Card Group during the 4th quarter valued at about $104,000. BNP Paribas Financial Markets increased its stake in CPI Card Group by 182.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,281 shares of the company’s stock valued at $147,000 after buying an additional 3,414 shares during the period. Rhumbline Advisers increased its stake in CPI Card Group by 32.8% during the 2nd quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock valued at $172,000 after buying an additional 1,555 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in CPI Card Group during the 3rd quarter valued at about $205,000. 22.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director H Sanford Riley purchased 2,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were bought at an average price of $32.51 per share, with a total value of $65,020.00. Following the completion of the transaction, the director now directly owns 9,500 shares in the company, valued at $308,845. This trade represents a 26.67 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PMTS. Lake Street Capital lifted their price objective on shares of CPI Card Group from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. DA Davidson began coverage on shares of CPI Card Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $36.00 price objective on the stock. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, CPI Card Group has an average rating of “Buy” and a consensus target price of $37.67.

CPI Card Group Price Performance

Shares of PMTS opened at $28.94 on Friday. CPI Card Group Inc. has a one year low of $15.00 and a one year high of $35.19. The company has a 50-day moving average of $31.29 and a two-hundred day moving average of $28.06. The stock has a market cap of $322.97 million, a price-to-earnings ratio of 22.09 and a beta of 1.46.

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.