Ritholtz Wealth Management Makes New $449,000 Investment in CPI Card Group Inc. (NASDAQ:PMTS)

Ritholtz Wealth Management purchased a new position in CPI Card Group Inc. (NASDAQ:PMTS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,117 shares of the company’s stock, valued at approximately $449,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in PMTS. Rhumbline Advisers boosted its stake 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 purchasing an additional 1,555 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its position in CPI Card Group by 10.2% during the second 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. Denali Advisors LLC grew its stake in shares of CPI Card Group by 19.0% during the first 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 last quarter. Bank of New York Mellon Corp increased its holdings in shares of CPI Card Group by 7.6% in the second quarter. Bank of New York Mellon Corp now owns 44,773 shares of the company’s stock worth $1,220,000 after buying an additional 3,158 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of 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 acquiring an additional 5,783 shares during the last quarter. Hedge funds and other institutional investors own 22.08% of the company’s stock.

Wall Street Analyst Weigh In

PMTS has been the topic of several recent research reports. StockNews.com upgraded CPI Card Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 19th. Lake Street Capital raised their target price on shares of CPI Card Group from $22.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th.

Insider Buying and Selling at CPI Card Group

In related news, Director Marc Sheinbaum bought 2,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $25.26 per share, with a total value of $50,520.00. Following the transaction, the director now owns 10,390 shares in the company, valued at approximately $262,451.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other CPI Card Group news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of CPI Card Group stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $21.00, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marc Sheinbaum bought 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, with a total value of $50,520.00. Following the transaction, the director now directly owns 10,390 shares in the company, valued at approximately $262,451.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 6.10% of the company’s stock.

CPI Card Group Trading Up 1.2 %

CPI Card Group stock opened at $24.09 on Thursday. The firm has a market cap of $267.93 million, a P/E ratio of 15.34 and a beta of 1.15. CPI Card Group Inc. has a 1-year low of $12.65 and a 1-year high of $31.00. The firm has a 50-day moving average of $26.18 and a 200-day moving average of $25.00.

CPI Card Group (NASDAQ:PMTS) last released its quarterly earnings data on Monday, August 5th. The company reported $0.51 earnings per share 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 analysts’ expectations of $111.85 million. During the same quarter last year, the business posted $0.55 EPS. Research analysts forecast that CPI Card Group Inc. will post 2.12 earnings per share for the current fiscal year.

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.