Dimensional Fund Advisors LP Has $653,000 Position in CPI Card Group Inc. (NASDAQ:PMTS)

Dimensional Fund Advisors LP boosted its stake in shares of CPI Card Group Inc. (NASDAQ:PMTS) by 31.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,979 shares of the company’s stock after buying an additional 5,783 shares during the quarter. Dimensional Fund Advisors LP’s holdings in CPI Card Group were worth $653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PMTS. Denali Advisors LLC lifted its holdings in CPI Card Group by 19.0% during the 1st quarter. Denali Advisors LLC now owns 16,300 shares of the company’s stock worth $291,000 after buying an additional 2,600 shares during the period. Vanguard Group Inc. lifted its holdings in CPI Card Group by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 340,945 shares of the company’s stock worth $6,089,000 after buying an additional 10,265 shares during the period. Linden Thomas Advisory Services LLC lifted its holdings in CPI Card Group by 10.2% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 24,653 shares of the company’s stock worth $672,000 after buying an additional 2,283 shares during the period. Bank of New York Mellon Corp lifted its holdings in CPI Card Group by 7.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 44,773 shares of the company’s stock worth $1,220,000 after buying an additional 3,158 shares during the period. Finally, Rhumbline Advisers lifted its holdings in CPI Card Group by 32.8% during the 2nd quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock worth $172,000 after buying an additional 1,555 shares during the period. 22.08% of the stock is owned by institutional investors and hedge funds.

CPI Card Group Price Performance

Shares of NASDAQ:PMTS opened at $23.89 on Monday. The company has a market capitalization of $265.70 million, a price-to-earnings ratio of 15.22 and a beta of 1.15. The business’s 50-day moving average is $26.29 and its 200-day moving average is $24.92. CPI Card Group Inc. has a 1 year low of $12.65 and a 1 year high of $31.00.

CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). CPI Card Group had a net margin of 4.11% and a negative return on equity of 35.79%. The business had revenue of $118.82 million during the quarter, compared to analyst estimates of $111.85 million. During the same period in the prior year, the firm earned $0.55 earnings per share. Analysts anticipate that CPI Card Group Inc. will post 2.12 EPS for the current year.

Insiders Place Their Bets

In other news, Director Marc Sheinbaum purchased 2,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $25.26 per share, for a total transaction of $50,520.00. Following the completion of the acquisition, the director now owns 10,390 shares in the company, valued at approximately $262,451.40. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Marc Sheinbaum acquired 2,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $25.26 per share, with a total value of $50,520.00. Following the completion of the purchase, the director now directly owns 10,390 shares in the company, valued at $262,451.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sonya Vollmer sold 3,660 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.10, for a total value of $91,866.00. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PMTS. StockNews.com raised CPI Card Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 19th. Lake Street Capital boosted their price objective on CPI Card Group from $22.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th.

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.