Insider Selling: CPI Card Group Inc. (NASDAQ:PMTS) Major Shareholder Sells $4,404,981.42 in Stock

CPI Card Group Inc. (NASDAQ:PMTS) major shareholder Equity Ulc Parallel49 sold 244,314 shares of CPI Card Group stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $18.03, for a total value of $4,404,981.42. Following the transaction, the insider now owns 6,314,511 shares in the company, valued at approximately $113,850,633.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

CPI Card Group Stock Up 3.6 %

NASDAQ:PMTS opened at $18.05 on Thursday. CPI Card Group Inc. has a 52 week low of $12.65 and a 52 week high of $45.00. The company has a market capitalization of $205.77 million, a P/E ratio of 8.94 and a beta of 0.94. The stock’s fifty day moving average is $18.19 and its two-hundred day moving average is $17.66.

CPI Card Group (NASDAQ:PMTS) last posted its earnings results on Thursday, March 7th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. CPI Card Group had a negative return on equity of 39.59% and a net margin of 5.40%. The company had revenue of $102.87 million for the quarter, compared to the consensus estimate of $104.70 million. During the same quarter in the previous year, the business earned $1.06 earnings per share. Sell-side analysts anticipate that CPI Card Group Inc. will post 2.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on PMTS. Roth Mkm began coverage on CPI Card Group in a research report on Friday, February 23rd. They set a “buy” rating and a $40.00 price objective on the stock. Roth Capital reiterated a “buy” rating on shares of CPI Card Group in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CPI Card Group has an average rating of “Buy” and an average price target of $35.50.

Institutional Investors Weigh In On CPI Card Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC purchased a new stake in CPI Card Group in the fourth quarter valued at $380,000. Denali Advisors LLC raised its holdings in shares of CPI Card Group by 41.9% in the 3rd quarter. Denali Advisors LLC now owns 14,900 shares of the company’s stock valued at $276,000 after buying an additional 4,400 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of CPI Card Group by 49.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,286 shares of the company’s stock valued at $431,000 after buying an additional 7,712 shares during the period. Kerrisdale Advisers LLC raised its holdings in shares of CPI Card Group by 38.8% in the 3rd quarter. Kerrisdale Advisers LLC now owns 117,650 shares of the company’s stock valued at $2,179,000 after buying an additional 32,871 shares during the period. Finally, UBS Group AG raised its holdings in shares of CPI Card Group by 12.6% in the 3rd quarter. UBS Group AG now owns 171,225 shares of the company’s stock valued at $3,171,000 after buying an additional 19,135 shares during the period. Hedge funds and other institutional investors own 22.08% of the company’s stock.

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.