CPI Card Group Inc. $PMTS Shares Bought by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC increased its stake in shares of CPI Card Group Inc. (NASDAQ:PMTS) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 442,464 shares of the company’s stock after buying an additional 51,139 shares during the quarter. CPI Card Group comprises approximately 1.4% of Pacific Ridge Capital Partners LLC’s investment portfolio, making the stock its 29th biggest holding. Pacific Ridge Capital Partners LLC’s holdings in CPI Card Group were worth $6,495,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of CPI Card Group during the first quarter worth about $223,000. Acadian Asset Management LLC purchased a new stake in shares of CPI Card Group in the 1st quarter valued at $248,000. Geode Capital Management LLC raised its stake in shares of CPI Card Group by 12.6% during the 2nd quarter. Geode Capital Management LLC now owns 125,500 shares of the company’s stock valued at $2,977,000 after buying an additional 14,039 shares during the last quarter. First Trust Advisors LP lifted its holdings in CPI Card Group by 5.5% in the second quarter. First Trust Advisors LP now owns 14,987 shares of the company’s stock valued at $355,000 after acquiring an additional 782 shares during the period. Finally, Marshall Wace LLP boosted its position in CPI Card Group by 11.9% in the 2nd quarter. Marshall Wace LLP now owns 102,834 shares of the company’s stock worth $2,439,000 after purchasing an additional 10,930 shares in the last quarter. Hedge funds and other institutional investors own 22.08% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Weiss Ratings raised CPI Card Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Roth Mkm reaffirmed a “buy” rating and set a $25.00 price objective on shares of CPI Card Group in a report on Tuesday, May 5th. Wall Street Zen lowered shares of CPI Card Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. DA Davidson reiterated a “buy” rating and set a $30.00 price objective on shares of CPI Card Group in a research note on Wednesday, March 11th. Finally, Lake Street Capital restated a “buy” rating and issued a $27.00 target price on shares of CPI Card Group in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.50.

CPI Card Group Stock Performance

NASDAQ PMTS opened at $15.29 on Tuesday. The stock’s fifty day moving average is $15.77 and its two-hundred day moving average is $14.69. The firm has a market capitalization of $175.53 million, a P/E ratio of 14.99 and a beta of 1.10. CPI Card Group Inc. has a fifty-two week low of $10.81 and a fifty-two week high of $25.50.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.06. The business had revenue of $147.11 million during the quarter, compared to analysts’ expectations of $134.69 million. CPI Card Group had a net margin of 2.15% and a negative return on equity of 92.16%. As a group, sell-side analysts forecast that CPI Card Group Inc. will post 1.89 EPS for the current year.

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.