Exchange Traded Concepts LLC Takes Position in CPI Card Group Inc. (NASDAQ:PMTS)

Exchange Traded Concepts LLC purchased a new stake in CPI Card Group Inc. (NASDAQ:PMTS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,830 shares of the company's stock, valued at approximately $264,000. Exchange Traded Concepts LLC owned approximately 0.08% of CPI Card Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC purchased a new position in CPI Card Group during the third quarter worth $305,000. Geode Capital Management LLC boosted its stake in shares of CPI Card Group by 2.7% during the third quarter. Geode Capital Management LLC now owns 108,629 shares of the company's stock valued at $3,024,000 after acquiring an additional 2,828 shares during the last quarter. Ritholtz Wealth Management increased its position in CPI Card Group by 16.9% during the 4th quarter. Ritholtz Wealth Management now owns 18,840 shares of the company's stock worth $563,000 after purchasing an additional 2,723 shares in the last quarter. Barclays PLC raised its stake in CPI Card Group by 251.2% in the 3rd quarter. Barclays PLC now owns 7,330 shares of the company's stock valued at $205,000 after purchasing an additional 5,243 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in CPI Card Group by 31.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 23,979 shares of the company's stock valued at $653,000 after purchasing an additional 5,783 shares in the last quarter. Institutional investors and hedge funds own 22.08% of the company's stock.

Analysts Set New Price Targets

PMTS has been the subject of a number of recent research reports. DA Davidson assumed 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 for the company. Lake Street Capital raised their target price on shares of CPI Card Group from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $37.67.

Insider Activity at CPI Card Group

In other news, Director H Sanford Riley bought 2,000 shares of CPI Card Group stock in a transaction that occurred on Monday, December 2nd. The shares were purchased 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 owns 9,500 shares of the company's stock, valued at $308,845. The trade was a 26.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by insiders.

CPI Card Group Trading Up 1.8 %

PMTS traded up $0.51 during midday trading on Tuesday, hitting $28.84. The company's stock had a trading volume of 18,544 shares, compared to its average volume of 30,257. The firm has a market cap of $321.85 million, a P/E ratio of 22.02 and a beta of 1.43. CPI Card Group Inc. has a 52-week low of $15.00 and a 52-week high of $35.19. The firm has a 50-day moving average price of $31.36 and a two-hundred day moving average price of $28.07.

CPI Card Group Company 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.