Walleye Capital LLC Buys Shares of 30,533 CPI Card Group Inc. (NASDAQ:PMTS)

Walleye Capital LLC bought a new position in CPI Card Group Inc. (NASDAQ:PMTS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,533 shares of the company’s stock, valued at approximately $913,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. boosted its position in CPI Card Group by 1,635.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company’s stock worth $49,000 after acquiring an additional 1,554 shares during the period. Wells Fargo & Company MN grew its position in CPI Card Group by 44.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock valued at $75,000 after purchasing an additional 776 shares in the last quarter. IFP Advisors Inc increased its stake in CPI Card Group by 96.6% in the 4th quarter. IFP Advisors Inc now owns 3,048 shares of the company’s stock valued at $91,000 after buying an additional 1,498 shares during the period. SG Americas Securities LLC acquired a new position in CPI Card Group in the 4th quarter valued at approximately $104,000. Finally, Barclays PLC lifted its position in CPI Card Group by 251.2% in the 3rd quarter. Barclays PLC now owns 7,330 shares of the company’s stock worth $205,000 after buying an additional 5,243 shares in the last quarter. Hedge funds and other institutional investors own 22.08% of the company’s stock.

CPI Card Group Stock Performance

PMTS opened at $25.62 on Tuesday. The stock has a 50-day moving average of $28.24 and a 200-day moving average of $28.56. CPI Card Group Inc. has a 52-week low of $16.08 and a 52-week high of $35.19. The company has a market cap of $288.61 million, a PE ratio of 19.56 and a beta of 1.44.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PMTS shares. DA Davidson upped their price target on shares of CPI Card Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Roth Mkm reaffirmed a “buy” rating and issued a $40.00 target price on shares of CPI Card Group in a research report on Wednesday, March 5th. Finally, B. Riley lifted their price target on CPI Card Group from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $37.25.

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.