Jane Street Group LLC Makes New $305,000 Investment in CPI Card Group Inc. (NASDAQ:PMTS)

Jane Street Group LLC purchased a new stake in CPI Card Group Inc. (NASDAQ:PMTS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,947 shares of the company’s stock, valued at approximately $305,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MetLife Investment Management LLC boosted its position in CPI Card Group by 129.1% in the third quarter. MetLife Investment Management LLC now owns 2,939 shares of the company’s stock valued at $82,000 after buying an additional 1,656 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of CPI Card Group by 182.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,281 shares of the company’s stock valued at $147,000 after acquiring an additional 3,414 shares in the last quarter. Rhumbline Advisers grew its position 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 acquiring an additional 1,555 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in CPI Card Group in the 3rd quarter worth about $205,000. Finally, Ritholtz Wealth Management bought a new position in CPI Card Group in the third quarter valued at about $449,000. 22.08% of the stock is owned by institutional investors.

CPI Card Group Trading Down 0.4 %

NASDAQ PMTS opened at $31.10 on Friday. The firm has a market capitalization of $347.04 million, a PE ratio of 23.74 and a beta of 1.46. The business’s 50-day moving average price is $30.45 and its two-hundred day moving average price is $27.86. CPI Card Group Inc. has a 12 month low of $15.00 and a 12 month high of $35.19.

Analyst Ratings Changes

PMTS has been the topic of several research reports. DA Davidson initiated coverage on CPI Card Group in a report on Friday, November 22nd. They set a “buy” rating and a $36.00 price target on the stock. Lake Street Capital boosted their target price on shares of CPI Card Group from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $37.67.

Insider Buying and Selling at CPI Card Group

In other news, Director H Sanford Riley acquired 2,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was bought at an average cost of $32.51 per share, for a total transaction of $65,020.00. Following the completion of the transaction, the director now directly owns 9,500 shares in the company, valued at $308,845. This represents a 26.67 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.20% of the company’s stock.

About CPI Card Group

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.