Pembroke Management LTD Has $1.15 Million Stock Position in CPI Card Group Inc. (NASDAQ:PMTS)

Pembroke Management LTD grew its stake in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 44.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,481 shares of the company's stock after buying an additional 11,854 shares during the quarter. Pembroke Management LTD owned approximately 0.34% of CPI Card Group worth $1,150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MetLife Investment Management LLC grew its stake in shares of CPI Card Group by 129.1% during the third 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 bought a new stake in shares of CPI Card Group during the fourth quarter worth $104,000. BNP Paribas Financial Markets grew its stake in shares of CPI Card Group by 182.9% during the third quarter. BNP Paribas Financial Markets now owns 5,281 shares of the company's stock worth $147,000 after buying an additional 3,414 shares during the last quarter. Barclays PLC lifted its holdings in shares of CPI Card Group by 251.2% during the third quarter. Barclays PLC now owns 7,330 shares of the company's stock worth $205,000 after purchasing an additional 5,243 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of CPI Card Group during the third quarter worth $205,000. Institutional investors own 22.08% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on PMTS shares. DA Davidson started coverage on shares of CPI Card Group in a report on Friday, November 22nd. They set a "buy" rating and a $36.00 price target on the stock. Lake Street Capital lifted their price target on shares of CPI Card Group from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CPI Card Group has a consensus rating of "Buy" and a consensus target price of $37.67.

CPI Card Group Stock Performance

Shares of NASDAQ:PMTS traded down $0.92 during mid-day trading on Friday, reaching $30.42. 29,617 shares of the company's stock were exchanged, compared to its average volume of 27,018. The firm has a market capitalization of $339.49 million, a price-to-earnings ratio of 23.22 and a beta of 1.43. CPI Card Group Inc. has a twelve month low of $15.00 and a twelve month high of $35.19. The business's fifty day moving average price is $30.42 and its 200-day moving average price is $28.10.

Insider Activity at CPI Card Group

In other news, Director H Sanford Riley bought 2,000 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average price of $32.51 per share, for a total transaction of $65,020.00. Following the completion of the acquisition, the director now directly owns 9,500 shares in the company, valued at approximately $308,845. This represents a 26.67 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.20% of the stock is owned by company insiders.

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.