5,364 Shares in CPI Card Group Inc. (NASDAQ:PMTS) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,364 shares of the company's stock, valued at approximately $241,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dorsey Wright & Associates bought a new stake in CPI Card Group during the 1st quarter valued at $26,000. Tower Research Capital LLC TRC bought a new position in shares of CPI Card Group in the 1st quarter worth $33,000. Denali Advisors LLC bought a new position in shares of CPI Card Group in the 1st quarter worth $122,000. Raymond James & Associates bought a new position in shares of CPI Card Group in the 1st quarter worth $207,000. Finally, Morgan Stanley raised its position in shares of CPI Card Group by 174.5% in the 4th quarter. Morgan Stanley now owns 4,961 shares of the company's stock worth $179,000 after acquiring an additional 3,154 shares in the last quarter. 19.92% of the stock is owned by institutional investors.

Several brokerages recently weighed in on PMTS. StockNews.com downgraded CPI Card Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, August 16th. TheStreet downgraded CPI Card Group from a "b-" rating to a "c" rating in a research note on Wednesday, May 17th.

Read Our Latest Analysis on CPI Card Group

In related news, Director H Sanford Riley purchased 2,500 shares of the company's stock in a transaction dated Friday, June 9th. The stock was acquired at an average cost of $23.35 per share, for a total transaction of $58,375.00. Following the completion of the transaction, the director now directly owns 7,500 shares of the company's stock, valued at $175,125. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.20% of the company's stock.

CPI Card Group stock opened at $20.11 on Monday. The business's 50-day simple moving average is $22.81 and its two-hundred day simple moving average is $30.84. The company has a market cap of $229.86 million, a PE ratio of 5.70 and a beta of 1.24. CPI Card Group Inc. has a fifty-two week low of $15.22 and a fifty-two week high of $45.95.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.55 earnings per share (EPS) for the quarter. The business had revenue of $114.96 million during the quarter. CPI Card Group had a negative return on equity of 53.91% and a net margin of 8.58%.

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.

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