Composecure (NYSE:GPGI) Trading Up 13% After Insider Buying Activity

Composecure, Inc. (NYSE:GPGI)’s stock price was up 13% during trading on Monday after an insider bought additional shares in the company. The company traded as high as $14.64 and last traded at $14.4680. Approximately 467,666 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 3,456,485 shares. The stock had previously closed at $12.80.

Specifically, insider Thomas R. Knott purchased 85,250 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of $11.67 per share, for a total transaction of $994,867.50. Following the acquisition, the insider owned 129,250 shares of the company’s stock, valued at $1,508,347.50. This trade represents a 193.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GPGI shares. JPMorgan Chase & Co. decreased their price objective on shares of Composecure from $22.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Wall Street Zen lowered Composecure from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Composecure in a research note on Thursday. Zacks Research raised Composecure from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Composecure in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Composecure Price Performance

The stock has a market cap of $4.18 billion, a price-to-earnings ratio of -6.00 and a beta of 0.89. The stock’s 50 day simple moving average is $14.15.

Composecure (NYSE:GPGI) last released its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $421.20 million during the quarter. Composecure had a negative net margin of 56.76% and a positive return on equity of 12.59%. During the same period in the prior year, the firm earned $0.25 EPS. As a group, sell-side analysts expect that Composecure, Inc. will post 0.9 earnings per share for the current fiscal year.

Composecure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a dividend of $0.0025 per share. The ex-dividend date was Monday, May 18th. This represents a $0.01 annualized dividend and a yield of 0.1%. Composecure’s dividend payout ratio is presently -0.42%.

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.