StockNews.com Begins Coverage on Issuer Direct (NYSE:ISDR)

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

Issuer Direct Price Performance

NYSE:ISDR opened at $11.62 on Friday. Issuer Direct has a 52 week low of $11.50 and a 52 week high of $23.40. The firm has a market cap of $44.40 million, a price-to-earnings ratio of 58.11 and a beta of 0.86. The firm’s 50-day simple moving average is $13.70 and its 200 day simple moving average is $15.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 0.91.

Issuer Direct (NYSE:ISDR) last released its earnings results on Thursday, March 7th. The company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. Issuer Direct had a net margin of 2.29% and a return on equity of 10.90%. The firm had revenue of $7.54 million for the quarter, compared to analyst estimates of $8.20 million. As a group, sell-side analysts predict that Issuer Direct will post 0.79 earnings per share for the current year.

Insider Buying and Selling

In other Issuer Direct news, Director Graeme P. Rein bought 4,131 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average cost of $11.98 per share, for a total transaction of $49,489.38. Following the transaction, the director now directly owns 201,745 shares in the company, valued at $2,416,905.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Topline Capital Partners, Lp acquired 10,498 shares of the stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $11.90 per share, for a total transaction of $124,926.20. Following the purchase, the insider now directly owns 556,051 shares of the company’s stock, valued at approximately $6,617,006.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Graeme P. Rein acquired 4,131 shares of the stock in a transaction dated Thursday, March 21st. The stock was bought at an average price of $11.98 per share, with a total value of $49,489.38. Following the purchase, the director now directly owns 201,745 shares in the company, valued at $2,416,905.10. The disclosure for this purchase can be found here. Insiders have acquired a total of 27,743 shares of company stock worth $330,683 in the last ninety days. Company insiders own 26.08% of the company’s stock.

Institutional Trading of Issuer Direct

A number of hedge funds and other institutional investors have recently bought and sold shares of ISDR. Tower Research Capital LLC TRC boosted its holdings in shares of Issuer Direct by 97.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,867 shares of the company’s stock worth $37,000 after buying an additional 920 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Issuer Direct by 2.8% in the 2nd quarter. Renaissance Technologies LLC now owns 34,738 shares of the company’s stock worth $653,000 after buying an additional 955 shares during the last quarter. State Street Corp boosted its holdings in shares of Issuer Direct by 15.1% in the 1st quarter. State Street Corp now owns 7,998 shares of the company’s stock worth $238,000 after buying an additional 1,050 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Issuer Direct by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 167,671 shares of the company’s stock worth $4,985,000 after buying an additional 1,487 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Issuer Direct by 19.9% in the 2nd quarter. BlackRock Inc. now owns 10,328 shares of the company’s stock worth $194,000 after buying an additional 1,716 shares during the last quarter. Institutional investors own 50.02% of the company’s stock.

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 Webcaster 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.