Marshall Wace LLP Purchases 22,841 Shares of CPI Card Group Inc. (NASDAQ:PMTS)

Marshall Wace LLP raised its position in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 139.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,273 shares of the company's stock after purchasing an additional 22,841 shares during the quarter. Marshall Wace LLP owned 0.35% of CPI Card Group worth $1,070,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PMTS. Vanguard Group Inc. raised its holdings in shares of CPI Card Group by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 340,945 shares of the company's stock valued at $6,089,000 after buying an additional 10,265 shares during the period. Privium Fund Management UK Ltd acquired a new position in shares of CPI Card Group in the second quarter valued at approximately $257,000. Dimensional Fund Advisors LP boosted 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. Bank of New York Mellon Corp increased its holdings in shares of CPI Card Group by 7.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 44,773 shares of the company's stock valued at $1,220,000 after purchasing an additional 3,158 shares in the last quarter. Finally, Denali Advisors LLC lifted its holdings in shares of CPI Card Group by 19.0% in the first quarter. Denali Advisors LLC now owns 16,300 shares of the company's stock valued at $291,000 after purchasing an additional 2,600 shares in the last quarter. 22.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com upgraded CPI Card Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, June 19th. Lake Street Capital increased their target price on CPI Card Group from $22.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, August 6th.

Insider Activity

In other news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the company's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $21.00, for a total value of $28,980,000.00. Following the sale, the insider now directly owns 4,813,977 shares of the company's stock, valued at approximately $101,093,517. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other CPI Card Group news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the business's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.00, for a total value of $28,980,000.00. Following the sale, the insider now directly owns 4,813,977 shares in the company, valued at $101,093,517. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Marc Sheinbaum purchased 2,000 shares of the firm's stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $25.26 per share, for a total transaction of $50,520.00. Following the acquisition, the director now owns 10,390 shares of the company's stock, valued at approximately $262,451.40. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.10% of the company's stock.

CPI Card Group Trading Up 0.7 %

NASDAQ PMTS traded up $0.17 on Tuesday, reaching $24.08. The company's stock had a trading volume of 24,864 shares, compared to its average volume of 28,743. The business has a 50-day moving average price of $26.62 and a 200 day moving average price of $24.70. CPI Card Group Inc. has a 52 week low of $12.65 and a 52 week high of $31.00. The firm has a market cap of $267.82 million, a PE ratio of 15.34 and a beta of 1.15.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). CPI Card Group had a negative return on equity of 35.79% and a net margin of 4.11%. The business had revenue of $118.82 million during the quarter, compared to the consensus estimate of $111.85 million. During the same quarter last year, the company earned $0.55 earnings per share. Analysts anticipate that CPI Card Group Inc. will post 2.12 earnings per share for the current fiscal year.

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.