EAM Investors LLC bought a new position in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 29,946 shares of the company's stock, valued at approximately $895,000. EAM Investors LLC owned 0.27% of CPI Card Group as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacific Ridge Capital Partners LLC bought a new stake in CPI Card Group during the 4th quarter valued at $4,401,000. Hillsdale Investment Management Inc. purchased a new stake in CPI Card Group in the fourth quarter worth about $3,240,000. Kornitzer Capital Management Inc. KS purchased a new position in CPI Card Group during the 4th quarter valued at about $1,046,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of CPI Card Group by 92.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 68,220 shares of the company's stock valued at $2,039,000 after purchasing an additional 32,784 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in CPI Card Group during the fourth quarter valued at approximately $913,000. Institutional investors own 22.08% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. 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. 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 note on Wednesday, March 5th. Finally, B. Riley upped their price objective on shares of CPI Card Group from $33.00 to $34.00 and gave the company a "buy" rating in a 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $37.25.
Read Our Latest Research Report on PMTS
CPI Card Group Stock Up 3.5 %
Shares of NASDAQ:PMTS traded up $0.90 during midday trading on Tuesday, reaching $26.52. The company's stock had a trading volume of 17,944 shares, compared to its average volume of 33,739. The firm has a market capitalization of $298.76 million, a PE ratio of 20.29 and a beta of 1.44. The stock has a fifty day moving average of $28.24 and a 200 day moving average of $28.56. CPI Card Group Inc. has a twelve month low of $16.08 and a twelve month high of $35.19.
About CPI Card Group
(
Free Report)
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.
Further Reading
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