Steamboat Capital Partners disclosed a 5.0% stake in CPI Card Group, which represents 573,205 shares. The filing with the SEC allows for activism. Steamboat said that on December 14, Parsa Kiai spoke with the company and proposed that he be added to the board of directors. Shares of CPI Card Group rallied 5% to $29.70 in afternoon trading.
Published first on TheFly
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