Sonya Vollmer Sells 3,660 Shares of CPI Card Group Inc. (NASDAQ:PMTS) Stock

CPI Card Group Inc. (NASDAQ:PMTS) insider Sonya Vollmer sold 3,660 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.10, for a total transaction of $91,866.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

CPI Card Group Stock Performance

Shares of NASDAQ:PMTS opened at $25.70 on Thursday. The company has a market cap of $285.78 million, a PE ratio of 16.37 and a beta of 1.15. CPI Card Group Inc. has a 52 week low of $12.65 and a 52 week high of $31.00. The firm has a 50 day simple moving average of $27.50 and a 200 day simple moving average of $23.87.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). The firm had revenue of $118.82 million during the quarter, compared to analysts’ expectations of $111.85 million. CPI Card Group had a net margin of 4.11% and a negative return on equity of 35.79%. During the same quarter last year, the company posted $0.55 EPS. On average, equities analysts predict that CPI Card Group Inc. will post 2.12 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on PMTS shares. StockNews.com raised shares of CPI Card Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 19th. Lake Street Capital increased their target price on shares of CPI Card Group from $22.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th.

Institutional Investors Weigh In On CPI Card Group

Hedge funds have recently made changes to their positions in the company. Rhumbline Advisers lifted its position in shares of CPI Card Group by 32.8% in the 2nd quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock valued at $172,000 after acquiring an additional 1,555 shares in the last quarter. Privium Fund Management UK Ltd purchased a new stake in shares of CPI Card Group in the 2nd quarter valued at approximately $257,000. Denali Advisors LLC increased its stake in CPI Card Group by 19.0% in the 1st quarter. Denali Advisors LLC now owns 16,300 shares of the company’s stock valued at $291,000 after buying an additional 2,600 shares during the period. Dimensional Fund Advisors LP increased its stake 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 buying an additional 5,783 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its stake in CPI Card Group by 10.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 24,653 shares of the company’s stock valued at $672,000 after buying an additional 2,283 shares during the period. Hedge funds and other institutional investors own 22.08% of the company’s stock.

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.