Composecure (NYSE:GPGI) Trading 4.7% Higher Following Insider Buying Activity

Composecure, Inc. (NYSE:GPGI)’s stock price traded up 4.7% during mid-day trading on Wednesday following insider buying activity. The company traded as high as $18.11 and last traded at $18.09. 1,092,945 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 3,041,442 shares. The stock had previously closed at $17.28.

Specifically, insider Thomas R. Knott purchased 44,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average cost of $17.08 per share, for a total transaction of $751,520.00. Following the acquisition, the insider owned 44,000 shares of the company’s stock, valued at approximately $751,520. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John D. Cote acquired 5,800 shares of Composecure stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average cost of $17.10 per share, for a total transaction of $99,180.00. Following the completion of the transaction, the director directly owned 5,800 shares in the company, valued at $99,180. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In other news, insider Kurt Schoen acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was acquired at an average price of $17.00 per share, with a total value of $51,000.00. Following the completion of the purchase, the insider directly owned 3,000 shares in the company, valued at approximately $51,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on Composecure in a research note on Monday. They set a “sell (d-)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Composecure currently has an average rating of “Sell”.

Composecure Stock Performance

The firm has a market capitalization of $5.24 billion, a PE ratio of -13.70 and a beta of 1.00.

Composecure (NYSE:GPGI) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. Composecure had a negative net margin of 56.76% and a positive return on equity of 211.60%.

About Composecure

CompoSecure, Inc manufactures and designs metal, plastic, composite ID, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which comprise the Arculus Key card Cold Storage hardware device and companion Arculus Wallet mobile App to keep the Private Key in the Arculus Key card highly secure and store cryptocurrency and digital assets.