Linden Thomas Advisory Services LLC Grows Stock Holdings in CPI Card Group Inc. (NASDAQ:PMTS)

Linden Thomas Advisory Services LLC lifted its position in shares of CPI Card Group Inc. (NASDAQ:PMTS) by 23.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,870 shares of the company’s stock after buying an additional 6,743 shares during the period. Linden Thomas Advisory Services LLC owned approximately 0.32% of CPI Card Group worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. 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 during the last quarter. Dimensional Fund Advisors LP lifted its position in CPI Card Group by 31.8% in the second quarter. Dimensional Fund Advisors LP now owns 23,979 shares of the company’s stock valued at $653,000 after acquiring an additional 5,783 shares during the last quarter. Marshall Wace LLP lifted its position in CPI Card Group by 139.0% in the second quarter. Marshall Wace LLP now owns 39,273 shares of the company’s stock valued at $1,070,000 after acquiring an additional 22,841 shares during the last quarter. Ritholtz Wealth Management acquired a new position in CPI Card Group in the third quarter valued at $449,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in CPI Card Group in the third quarter valued at $205,000. Institutional investors and hedge funds own 22.08% of the company’s stock.

Insider Activity at CPI Card Group

In related news, Director H Sanford Riley purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average price of $32.51 per share, with a total value of $65,020.00. Following the completion of the transaction, the director now owns 9,500 shares of the company’s stock, valued at approximately $308,845. This trade represents a 26.67 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

PMTS has been the topic of a number of recent analyst reports. DA Davidson initiated 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 target on the stock. Lake Street Capital upped their target price on shares of CPI Card Group from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, CPI Card Group has an average rating of “Buy” and an average price target of $37.67.

CPI Card Group Price Performance

Shares of NASDAQ PMTS opened at $28.94 on Friday. CPI Card Group Inc. has a 12-month low of $15.00 and a 12-month high of $35.19. The company has a market capitalization of $322.97 million, a PE ratio of 22.09 and a beta of 1.46. The firm’s 50-day moving average is $31.29 and its two-hundred day moving average is $28.06.

CPI Card Group Company Profile

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.