CPI Card Group Inc. (NASDAQ:PMTS) Shares Sold by Steamboat Capital Partners LLC

Steamboat Capital Partners LLC trimmed its holdings in CPI Card Group Inc. (NASDAQ:PMTS) by 2.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 600,000 shares of the company’s stock after selling 15,098 shares during the quarter. CPI Card Group accounts for about 9.0% of Steamboat Capital Partners LLC’s portfolio, making the stock its biggest holding. Steamboat Capital Partners LLC owned 5.25% of CPI Card Group worth $27,006,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PMTS. Dimensional Fund Advisors LP purchased a new stake in shares of CPI Card Group in the third quarter worth approximately $160,000. Citigroup Inc. lifted its position in shares of CPI Card Group by 967.8% in the fourth quarter. Citigroup Inc. now owns 15,867 shares of the company’s stock worth $572,000 after purchasing an additional 14,381 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of CPI Card Group in the fourth quarter worth approximately $495,000. Geode Capital Management LLC lifted its position in shares of CPI Card Group by 12.2% in the fourth quarter. Geode Capital Management LLC now owns 43,834 shares of the company’s stock worth $1,581,000 after purchasing an additional 4,768 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of CPI Card Group in the fourth quarter worth approximately $364,000. 19.92% of the stock is owned by hedge funds and other institutional investors.

CPI Card Group Price Performance

NASDAQ:PMTS traded up $0.13 during mid-day trading on Tuesday, reaching $20.29. The stock had a trading volume of 7,989 shares, compared to its average volume of 70,538. CPI Card Group Inc. has a fifty-two week low of $15.22 and a fifty-two week high of $45.95. The business’s 50 day moving average is $22.17 and its 200 day moving average is $29.87. The stock has a market cap of $231.93 million, a P/E ratio of 5.64 and a beta of 1.21.

CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.55 EPS for the quarter. CPI Card Group had a negative return on equity of 53.91% and a net margin of 8.58%. The company had revenue of $114.96 million for the quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com downgraded CPI Card Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th. TheStreet downgraded CPI Card Group from a “b-” rating to a “c” rating in a report on Wednesday, May 17th.

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.