10,947 Shares in CPI Card Group Inc. (NASDAQ:PMTS) Bought by Jane Street Group LLC

Jane Street Group LLC purchased a new stake in CPI Card Group Inc. (NASDAQ:PMTS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,947 shares of the company’s stock, valued at approximately $305,000. Jane Street Group LLC owned 0.10% of CPI Card Group at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PMTS. Bank of New York Mellon Corp boosted its holdings in shares of CPI Card Group by 7.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 44,773 shares of the company’s stock worth $1,220,000 after acquiring an additional 3,158 shares in the last quarter. Rhumbline Advisers increased its position in shares of 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 buying an additional 1,555 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of CPI Card Group by 31.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 23,979 shares of the company’s stock valued at $653,000 after purchasing an additional 5,783 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of 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 buying an additional 22,841 shares during the period. Finally, Vector Capital Management L.P. increased its position in shares of CPI Card Group by 77.7% during the second quarter. Vector Capital Management L.P. now owns 248,737 shares of the company’s stock worth $6,778,000 after acquiring an additional 108,756 shares in the last quarter. Institutional investors and hedge funds own 22.08% of the company’s stock.

CPI Card Group Trading Down 0.4 %

Shares of PMTS opened at $31.10 on Friday. The firm’s 50 day moving average is $30.45 and its 200-day moving average is $27.86. CPI Card Group Inc. has a 12 month low of $15.00 and a 12 month high of $35.19. The stock has a market capitalization of $347.04 million, a PE ratio of 23.74 and a beta of 1.46.

Insider Activity

In other news, Director H Sanford Riley purchased 2,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was bought at an average price of $32.51 per share, with a total value of $65,020.00. Following the acquisition, the director now owns 9,500 shares in the company, valued at approximately $308,845. The trade was a 26.67 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on PMTS. Lake Street Capital boosted their price objective on shares of CPI Card Group from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. DA Davidson initiated coverage on CPI Card Group in a report on Friday, November 22nd. They set a “buy” rating and a $36.00 target price on the stock. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $37.67.

CPI Card Group 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.