Pembroke Management LTD Has $1.51 Million Stake in CPI Card Group Inc. $PMTS

Pembroke Management LTD increased its position in shares of CPI Card Group Inc. (NASDAQ:PMTS) by 87.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,567 shares of the company’s stock after purchasing an additional 46,575 shares during the period. Pembroke Management LTD owned approximately 0.88% of CPI Card Group worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Lazard Asset Management LLC increased its stake in CPI Card Group by 100.4% during the 2nd quarter. Lazard Asset Management LLC now owns 2,928 shares of the company’s stock worth $69,000 after acquiring an additional 1,467 shares during the period. IFP Advisors Inc grew its stake in shares of CPI Card Group by 52.5% in the second quarter. IFP Advisors Inc now owns 4,342 shares of the company’s stock worth $103,000 after purchasing an additional 1,494 shares during the last quarter. Rhumbline Advisers increased its stake in shares of CPI Card Group by 7.3% in the first quarter. Rhumbline Advisers now owns 6,948 shares of the company’s stock valued at $203,000 after buying an additional 474 shares during the period. Jane Street Group LLC bought a new position in CPI Card Group during the 1st quarter worth approximately $223,000. Finally, Acadian Asset Management LLC acquired a new position in CPI Card Group in the first quarter valued at $248,000. Institutional investors and hedge funds own 22.08% of the company’s stock.

CPI Card Group Stock Performance

NASDAQ:PMTS opened at $13.74 on Friday. The business’s fifty day moving average is $14.47 and its 200 day moving average is $16.24. The firm has a market cap of $156.47 million, a price-to-earnings ratio of 11.45 and a beta of 1.20. CPI Card Group Inc. has a 52-week low of $11.64 and a 52-week high of $34.25.

CPI Card Group (NASDAQ:PMTS) last posted its earnings results on Tuesday, November 4th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.16). CPI Card Group had a net margin of 2.79% and a negative return on equity of 58.98%. The company had revenue of $137.97 million for the quarter, compared to analysts’ expectations of $140.62 million. Equities analysts predict that CPI Card Group Inc. will post 1.63 EPS for the current fiscal year.

Insider Activity at CPI Card Group

In other CPI Card Group news, major shareholder Equity Ulc Parallel49 sold 2,126,056 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $13.51, for a total value of $28,723,016.56. Following the completion of the transaction, the insider directly owned 2,687,921 shares of the company’s stock, valued at $36,313,812.71. This trade represents a 44.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman H Sanford Riley purchased 200,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was purchased at an average cost of $13.51 per share, for a total transaction of $2,702,000.00. Following the acquisition, the chairman owned 252,366 shares of the company’s stock, valued at approximately $3,409,464.66. This trade represents a 381.93% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

PMTS has been the subject of several research analyst reports. B. Riley decreased their price target on shares of CPI Card Group from $34.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, November 10th. DA Davidson lowered their target price on shares of CPI Card Group from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Lake Street Capital set a $25.00 target price on CPI Card Group in a research report on Wednesday, November 5th. Roth Capital set a $30.00 price target on CPI Card Group in a research report on Tuesday, November 4th. Finally, Zacks Research raised shares of CPI Card Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.60.

CPI Card Group Profile

CPI Card Group, Inc (NASDAQ: PMTS) is a leading provider of payment, identification and related credential solutions for financial institutions, governments and private enterprises. The company specializes in the design, manufacturing and personalization of secure plastic and metal cards, including EMV chip, magnetic-stripe and contactless cards. CPI Card Group also offers digital credentialing services and cloud-based card management tools that enable real-time controls, mobile wallet integration, fraud monitoring and analytics.

With a focus on security and innovation, CPI Card Group integrates advanced features such as holograms, microprinting, RFID/NFC technology and laser-engraved artwork into its card products.