Issuer Direct (NYSE:ISDR) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Issuer Direct (NYSE:ISDR) in a research report released on Wednesday. The firm issued a buy rating on the stock.

Issuer Direct Price Performance

Issuer Direct stock opened at $12.92 on Wednesday. The firm’s 50-day simple moving average is $14.33 and its 200 day simple moving average is $15.99. Issuer Direct has a 52 week low of $11.50 and a 52 week high of $23.40. The firm has a market capitalization of $49.35 million, a PE ratio of 64.60 and a beta of 0.88. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.45.

Issuer Direct (NYSE:ISDR) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $7.54 million during the quarter, compared to the consensus estimate of $8.20 million. Issuer Direct had a net margin of 2.29% and a return on equity of 10.90%. On average, equities research analysts predict that Issuer Direct will post 0.79 EPS for the current fiscal year.

Insider Activity

In other news, Director Graeme P. Rein purchased 4,131 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average cost of $11.98 per share, with a total value of $49,489.38. Following the transaction, the director now owns 201,745 shares in the company, valued at approximately $2,416,905.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Graeme P. Rein purchased 12,614 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was acquired at an average price of $11.91 per share, for a total transaction of $150,232.74. Following the transaction, the director now directly owns 197,614 shares of the company’s stock, valued at approximately $2,353,582.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Graeme P. Rein acquired 4,131 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were acquired at an average price of $11.98 per share, with a total value of $49,489.38. Following the completion of the transaction, the director now directly owns 201,745 shares in the company, valued at approximately $2,416,905.10. The disclosure for this purchase can be found here. In the last three months, insiders acquired 27,743 shares of company stock worth $330,683. 26.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Issuer Direct

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Punch & Associates Investment Management Inc. increased its position in shares of Issuer Direct by 35.0% during the third quarter. Punch & Associates Investment Management Inc. now owns 87,795 shares of the company’s stock valued at $1,651,000 after purchasing an additional 22,763 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Issuer Direct by 25.0% during the second quarter. Renaissance Technologies LLC now owns 39,038 shares of the company’s stock worth $994,000 after buying an additional 7,800 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Issuer Direct by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 54,418 shares of the company’s stock valued at $1,023,000 after purchasing an additional 4,506 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Issuer Direct by 20.0% in the second quarter. Geode Capital Management LLC now owns 26,923 shares of the company’s stock valued at $506,000 after buying an additional 4,494 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Issuer Direct by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 151,459 shares of the company’s stock worth $2,746,000 after purchasing an additional 2,410 shares during the last quarter. 50.02% of the stock is currently owned by institutional investors and hedge funds.

About Issuer Direct

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and VisualWebcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.