Diane Fulton Purchases 4,000 Shares of CPI Card Group Inc. (PMTS) Stock
CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) Director Diane Fulton acquired 4,000 shares of the stock in a transaction on Tuesday, November 15th. The stock was bought at an average price of $3.81 per share, with a total value of $15,240.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
CPI Card Group Inc. (NASDAQ:PMTS) traded up 4.079% during trading on Friday, reaching $3.955. The company’s stock had a trading volume of 84,597 shares. The firm’s 50-day moving average price is $5.30 and its 200 day moving average price is $5.15. CPI Card Group Inc. has a 12-month low of $3.25 and a 12-month high of $11.10. The company has a market capitalization of $218.68 million and a P/E ratio of 31.389.
CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.04. CPI Card Group had a net margin of 2.13% and a negative return on equity of 20.43%. The business had revenue of $81.20 million for the quarter, compared to analysts’ expectations of $85.78 million. During the same quarter in the previous year, the firm earned $0.30 EPS. CPI Card Group’s revenue was down 24.6% compared to the same quarter last year. On average, analysts predict that CPI Card Group Inc. will post $0.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Friday, December 16th will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Wednesday, December 14th. CPI Card Group’s dividend payout ratio (DPR) is presently 150.01%.
Several analysts have weighed in on the company. William Blair downgraded CPI Card Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 10th. CIBC downgraded CPI Card Group from a “sector perform” rating to a “sector underperform” rating and set a $3.50 price objective for the company. in a research report on Thursday, November 10th. Zacks Investment Research upgraded CPI Card Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 12th. Finally, Craig Hallum upped their target price on CPI Card Group from $8.00 to $9.00 and gave the company a “buy” rating in a report on Monday, August 29th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $6.38.
Large investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its stake in shares of CPI Card Group by 0.9% in the third quarter. California State Teachers Retirement System now owns 44,425 shares of the company’s stock worth $268,000 after buying an additional 400 shares during the period. Schwab Charles Investment Management Inc. raised its position in CPI Card Group by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 51,346 shares of the company’s stock valued at $258,000 after buying an additional 672 shares during the last quarter. Thompson Investment Management Inc. raised its position in CPI Card Group by 1.2% in the third quarter. Thompson Investment Management Inc. now owns 91,238 shares of the company’s stock valued at $551,000 after buying an additional 1,050 shares during the last quarter. Commonwealth Equity Services Inc raised its position in CPI Card Group by 1.6% in the third quarter. Commonwealth Equity Services Inc now owns 101,545 shares of the company’s stock valued at $613,000 after buying an additional 1,551 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in CPI Card Group by 12.4% in the third quarter. Two Sigma Advisers LP now owns 28,000 shares of the company’s stock valued at $169,000 after buying an additional 3,100 shares during the last quarter. 24.91% of the stock is owned by institutional investors and hedge funds.
About CPI Card Group
CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.
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