CPI Card Group director sells over $91,000 worth of stock via Investing.com

In a recent transaction, Sonya Vollmer, Chief Human Resources Officer of CPI card group Inc. . (NASDAQ: (TSX:) ), sold a total of 3,660 shares of the company’s common stock. The sale, which took place on September 13, 2024, realized a total value of approximately $91,866.

The stock was sold at a weighted average price of $25.10, with individual transactions taking place in a price range of $24.81 to $25.60 per share. Following the sale, Vollmer’s direct holdings in the company decreased to zero shares, as indicated by the reported post-transaction amounts.

CPI Card Group Inc., a leader in commercial printing and manufacturing, is incorporated in Delaware and has its business address in Littleton, Colorado. The company’s shares trade under the symbol PMTS on the NASDAQ stock exchange.

Investors and followers of CPI Card Group Inc. may find this transaction interesting because executive stock sales can often provide insight into a company’s internal outlook. The sale by Vollmer represents a significant divestment and a notable change in its investment position within the company.

For those interested in detailed trading figures, the reporter has undertaken to provide full information on the number of shares sold at each price separately upon request. This offer extends to CPI Card Group Inc., any security holder of the company or the staff of the Securities and Exchange Commission.

The transactions were disclosed in accordance with SEC regulations and the necessary documentation was signed by Jessica Browne, attorney-in-fact, on September 17, 2024.

In other recent news, CPI Card Group reported mixed results for the second quarter. The company posted a 3% increase in net sales, largely driven by growth in the prepaid segment, instant issuance and card personalization businesses. However, net income and adjusted EBITDA were down 8% and 6%, respectively. Despite these declines, gross margins improved slightly from 35.6% to 36.4%, attributable to changes in the prepaid manufacturing unit workforce.

The company’s SG&A expenses increased by $9 million, largely due to increased compensation and CEO transition costs. CPI Card Group also completed a debt refinancing and continued its share buyback program. Looking forward, the company anticipates strong growth in sales and adjusted EBITDA in the second half of the year. As part of its strategic focus, CPI Card Group is investing in people, technology and its digital businesses for future growth. These developments come amid the company’s continued efforts to expand into adjacent markets and manage a recent CEO transition.

InvestingPro Insights

Amidst this significant executive stock sale, investors keeping an eye on CPI Card Group Inc. (NASDAQ:PMTS) can gain additional insights by considering key financial metrics and expert analysis. According to recent data from InvestingPro, CPI Card Group Inc. has a market cap of $293.74 million, reflecting its industry valuation. The company’s P/E ratio is 16.11, which is in line with industry averages and suggests a balanced valuation relative to its earnings.

InvestingPro Tips points out that CPI Card Group Inc. demonstrated a strong return on free cash flow, indicating efficient operations and the potential for future investments or debt reduction. Moreover, the company’s liquid assets were reported to exceed its short-term liabilities, providing a cushion for operational flexibility and financial stability. These factors may reassure investors following the recent sell-off by the Chief Human Resources Officer.

In addition, the company has experienced a large price increase over the past six months, with a return of 57.11%, which could have influenced the timing of the sale of Vollmer stock. For investors seeking additional analysis and advice, InvestingPro offers additional information on CPI Card Group Inc., with a total of seven InvestingPro Tips available at https://www.investing.com/pro/PMTS.

While the company does not pay dividends, which could be a consideration for income-focused investors, the overall financial health and recent performance trends of CPI Card Group Inc. paints a nuanced picture for those evaluating the company’s stock following executive deals. .

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