Pacific Ridge Capital Partners LLC Makes New $4.40 Million Investment in CPI Card Group Inc. (NASDAQ:PMTS)

Pacific Ridge Capital Partners LLC acquired a new position in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 147,238 shares of the company's stock, valued at approximately $4,401,000. Pacific Ridge Capital Partners LLC owned about 1.32% of CPI Card Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of CPI Card Group by 703.0% in the fourth quarter. JPMorgan Chase & Co. now owns 18,188 shares of the company's stock valued at $544,000 after purchasing an additional 15,923 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in CPI Card Group in the 4th quarter valued at approximately $3,240,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in CPI Card Group by 10.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,412 shares of the company's stock valued at $700,000 after buying an additional 2,178 shares during the last quarter. IFP Advisors Inc increased its position in CPI Card Group by 96.6% during the fourth quarter. IFP Advisors Inc now owns 3,048 shares of the company's stock worth $91,000 after buying an additional 1,498 shares in the last quarter. Finally, Pembroke Management LTD raised its holdings in shares of CPI Card Group by 44.5% in the fourth quarter. Pembroke Management LTD now owns 38,481 shares of the company's stock worth $1,150,000 after acquiring an additional 11,854 shares during the last quarter. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

PMTS has been the subject of a number of recent research reports. B. Riley lifted their price objective on CPI Card Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Lake Street Capital upped their price objective on shares of CPI Card Group from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. DA Davidson lifted their target price on shares of CPI Card Group from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, Roth Mkm reissued a "buy" rating and set a $40.00 price target on shares of CPI Card Group in a research note on Wednesday, March 5th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $37.25.

CPI Card Group Price Performance

PMTS stock traded down $0.10 on Monday, hitting $28.71. 12,012 shares of the company were exchanged, compared to its average volume of 32,859. The stock has a market capitalization of $322.67 million, a price-to-earnings ratio of 21.76 and a beta of 1.36. The business's fifty day moving average is $29.53 and its two-hundred day moving average is $28.65. CPI Card Group Inc. has a twelve month low of $16.08 and a twelve month high of $35.19.

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.