CPI Card Group Inc. (NASDAQ:PMTS) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in CPI Card Group Inc. (NASDAQ:PMTS) by 182.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,281 shares of the company’s stock after buying an additional 3,414 shares during the quarter. BNP Paribas Financial Markets’ holdings in CPI Card Group were worth $147,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PMTS. Rhumbline Advisers increased its holdings in 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. Allspring Global Investments Holdings LLC acquired a new stake in shares of CPI Card Group in the third quarter valued at about $205,000. Privium Fund Management UK Ltd purchased a new stake in shares of CPI Card Group during the 2nd quarter valued at about $257,000. Ritholtz Wealth Management acquired a new position in CPI Card Group during the 3rd quarter worth approximately $449,000. Finally, Dimensional Fund Advisors LP boosted its holdings 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 worth $653,000 after acquiring an additional 5,783 shares during the period. Hedge funds and other institutional investors own 22.08% of the company’s stock.

CPI Card Group Stock Up 0.5 %

Shares of NASDAQ PMTS opened at $34.17 on Wednesday. CPI Card Group Inc. has a fifty-two week low of $15.00 and a fifty-two week high of $34.90. The business has a 50 day moving average price of $27.59 and a two-hundred day moving average price of $27.30. The firm has a market cap of $381.34 million, a PE ratio of 26.08 and a beta of 1.39.

Insider Activity

In other news, Director H Sanford Riley acquired 2,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average cost of $32.51 per share, with a total value of $65,020.00. Following the completion of the acquisition, the director now directly owns 9,500 shares in the company, valued at $308,845. This represents a 26.67 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $21.00, for a total value of $28,980,000.00. Following the transaction, the insider now directly owns 4,813,977 shares in the company, valued at approximately $101,093,517. This represents a 22.28 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on PMTS. DA Davidson assumed coverage on shares of CPI Card Group in a research note on Friday, November 22nd. They set a “buy” rating and a $36.00 price objective on the stock. Lake Street Capital raised their price target on shares of CPI Card Group from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. 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, CPI Card Group has a consensus rating of “Buy” and a consensus target price of $37.67.

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.