Krishna Mikkilineni Buys 8,106 Shares of Composecure (NYSE:GPGI) Stock

Composecure, Inc. (NYSE:GPGI) Director Krishna Mikkilineni purchased 8,106 shares of Composecure stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $12.34 per share, with a total value of $100,028.04. Following the completion of the acquisition, the director owned 10,804 shares in the company, valued at $133,321.36. The trade was a 300.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Composecure Trading Down 2.7%

Shares of Composecure stock opened at $12.08 on Friday. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of -5.03 and a beta of 0.98. Composecure, Inc. has a 52-week low of $12.01 and a 52-week high of $26.78. The firm’s 50-day moving average price is $16.03.

Composecure (NYSE:GPGI) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $421.20 million during the quarter. Composecure had a positive return on equity of 12.59% and a negative net margin of 56.76%.During the same quarter in the prior year, the firm earned $0.25 earnings per share.

Composecure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be issued a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, May 18th. Composecure’s payout ratio is currently -0.42%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GPGI. Needham & Company LLC reissued a “buy” rating on shares of Composecure in a research note on Wednesday, March 25th. Wall Street Zen downgraded Composecure from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings began coverage on Composecure in a research note on Monday, March 16th. They issued a “sell (d-)” rating on the stock. Finally, JPMorgan Chase & Co. cut their price objective on Composecure from $22.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.00.

Composecure Company Profile

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.