CPI Card Group (NASDAQ:PMTS) Coverage Initiated at B. Riley

Research analysts at B. Riley assumed coverage on shares of CPI Card Group (NASDAQ:PMTS) in a research note issued to investors on Monday, FlyOnTheWall reports. The firm set a “buy” rating on the stock.

Separately, StockNews.com lowered shares of CPI Card Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 16th.

CPI Card Group Stock Down 4.0 %

Shares of NASDAQ PMTS traded down $0.75 during trading on Monday, reaching $18.23. 19,452 shares of the stock were exchanged, compared to its average volume of 69,663. The company has a market capitalization of $208.37 million, a price-to-earnings ratio of 5.16 and a beta of 1.21. The business’s 50-day moving average price is $21.82 and its 200 day moving average price is $29.35. CPI Card Group has a twelve month low of $15.22 and a twelve month high of $45.95.

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

Hedge Funds Weigh In On CPI Card Group

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in CPI Card Group by 6.1% during the 2nd quarter. Royal Bank of Canada now owns 8,092 shares of the company’s stock valued at $189,000 after buying an additional 463 shares during the period. Dorsey Wright & Associates bought a new position in shares of CPI Card Group during the 1st quarter valued at about $26,000. Dark Forest Capital Management LP bought a new position in shares of CPI Card Group during the 1st quarter valued at about $33,000. Tower Research Capital LLC TRC bought a new position in shares of CPI Card Group during the 1st quarter valued at about $33,000. Finally, JPMorgan Chase & Co. boosted its position in shares of CPI Card Group by 10,223.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,342 shares of the company’s stock valued at $60,000 after purchasing an additional 1,329 shares in the last quarter. Institutional investors and hedge funds own 19.92% of the company’s stock.

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.