Denali Advisors LLC Has $291,000 Position in CPI Card Group Inc. (NASDAQ:PMTS)

Denali Advisors LLC raised its holdings in CPI Card Group Inc. (NASDAQ:PMTS) by 19.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,300 shares of the company’s stock after buying an additional 2,600 shares during the quarter. Denali Advisors LLC owned 0.14% of CPI Card Group worth $291,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC bought a new stake in CPI Card Group in the fourth quarter valued at about $31,000. Navellier & Associates Inc. acquired a new stake in CPI Card Group during the fourth quarter valued at approximately $275,000. Exchange Traded Concepts LLC bought a new stake in shares of CPI Card Group in the 4th quarter valued at approximately $380,000. 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 worth $431,000 after buying an additional 7,712 shares in the last quarter. Finally, Kerrisdale Advisers LLC lifted its position in shares of CPI Card Group by 38.8% during the 3rd quarter. Kerrisdale Advisers LLC now owns 117,650 shares of the company’s stock worth $2,179,000 after buying an additional 32,871 shares during the period. Institutional investors and hedge funds own 22.08% of the company’s stock.

Insider Buying and Selling at CPI Card Group

In other news, major shareholder Equity Ulc Parallel49 sold 244,314 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $18.03, for a total transaction of $4,404,981.42. Following the sale, the insider now owns 6,314,511 shares in the company, valued at $113,850,633.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.10% of the company’s stock.

CPI Card Group Stock Up 0.9 %

Shares of PMTS stock opened at $27.71 on Thursday. The company has a market capitalization of $308.14 million, a P/E ratio of 17.65 and a beta of 1.15. CPI Card Group Inc. has a 12-month low of $12.65 and a 12-month high of $29.94. The firm has a 50-day moving average price of $24.68 and a 200 day moving average price of $20.53.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.13. The company had revenue of $111.94 million during the quarter, compared to analyst estimates of $104.00 million. CPI Card Group had a net margin of 4.26% and a negative return on equity of 33.75%. As a group, research analysts expect that CPI Card Group Inc. will post 2.22 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded CPI Card Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 19th.

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.