Walleye Capital LLC Invests $913,000 in CPI Card Group Inc. (NASDAQ:PMTS)

Walleye Capital LLC purchased a new position in CPI Card Group Inc. (NASDAQ:PMTS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,533 shares of the company's stock, valued at approximately $913,000. Walleye Capital LLC owned about 0.27% of CPI Card Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pacific Ridge Capital Partners LLC acquired a new position in CPI Card Group in the fourth quarter valued at $4,401,000. Geode Capital Management LLC raised its holdings in shares of CPI Card Group by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 110,582 shares of the company's stock worth $3,306,000 after purchasing an additional 1,953 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of CPI Card Group in the 4th quarter valued at about $3,240,000. State Street Corp grew its holdings in shares of CPI Card Group by 9.3% during the 3rd quarter. State Street Corp now owns 73,150 shares of the company's stock worth $2,036,000 after purchasing an additional 6,214 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in CPI Card Group by 92.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 68,220 shares of the company's stock valued at $2,039,000 after buying an additional 32,784 shares during the period. Hedge funds and other institutional investors own 22.08% of the company's stock.

Analyst Upgrades and Downgrades

PMTS has been the subject of several research reports. Roth Mkm reiterated a "buy" rating and set a $40.00 price objective on shares of CPI Card Group in a research note 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 report on Wednesday, March 5th. Finally, B. Riley boosted their price objective on CPI Card Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $37.25.

CPI Card Group Trading Down 1.0 %

NASDAQ:PMTS traded down $0.27 on Thursday, reaching $26.03. The stock had a trading volume of 46,412 shares, compared to its average volume of 33,987. CPI Card Group Inc. has a 12-month low of $16.08 and a 12-month high of $35.19. The stock has a market cap of $293.23 million, a P/E ratio of 19.87 and a beta of 1.44. The company has a 50-day moving average of $28.07 and a 200 day moving average of $28.54.

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.