108,400 Shares in CPI Card Group Inc. (NASDAQ:PMTS) Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. purchased a new position in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 108,400 shares of the company's stock, valued at approximately $3,240,000. Hillsdale Investment Management Inc. owned approximately 0.97% of CPI Card Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings 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 worth $3,024,000 after buying an additional 2,828 shares in the last quarter. State Street Corp boosted its position in CPI Card Group by 9.3% during the third quarter. State Street Corp now owns 73,150 shares of the company's stock worth $2,036,000 after acquiring an additional 6,214 shares during the last quarter. Pembroke Management LTD grew its stake in CPI Card Group by 44.5% during the 4th quarter. Pembroke Management LTD now owns 38,481 shares of the company's stock valued at $1,150,000 after acquiring an additional 11,854 shares in the last quarter. Linden Thomas Advisory Services LLC raised its holdings in CPI Card Group by 23.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 35,870 shares of the company's stock valued at $1,072,000 after acquiring an additional 6,743 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS purchased a new position in CPI Card Group in the 4th quarter worth approximately $1,046,000. 22.08% of the stock is owned by institutional investors and hedge funds.

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CPI Card Group Stock Up 2.2 %

NASDAQ:PMTS traded up $0.65 on Thursday, reaching $30.34. The company's stock had a trading volume of 23,906 shares, compared to its average volume of 32,370. CPI Card Group Inc. has a 12-month low of $16.08 and a 12-month high of $35.19. The stock has a 50 day moving average price of $29.56 and a 200 day moving average price of $28.59. The firm has a market cap of $341.05 million, a price-to-earnings ratio of 23.16 and a beta of 1.36.

Analyst Upgrades and Downgrades

Several research firms recently commented on PMTS. Lake Street Capital increased their price target on CPI Card Group from $33.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Roth Mkm reaffirmed a "buy" rating and issued a $40.00 target price on shares of CPI Card Group in a research note on Wednesday, March 5th. DA Davidson boosted their price target on shares of CPI Card Group from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, B. Riley raised their price objective on shares of CPI Card Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. 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 an average target price of $37.25.

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.