A Form 4 filed on September 14 shows Tricor PMT25 Holdings Inc. purchased 525,000 shares of CPI Card Group Inc. (PMTS), totaling $11.3 million. This single transaction represented most of the $12 million in insider buying reported for PMTS that day.
Five insiders filed purchases on the same date, suggesting coordinated or related activity. Large-scale buying by a 10% owner can indicate confidence in the company’s outlook or a strategic move by a significant stakeholder.