Composecure’s (GPGI) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Composecure (NYSE:GPGI) in a research note issued to investors on Wednesday,Benzinga reports.

Separately, Weiss Ratings assumed coverage on Composecure in a report on Monday, March 16th. They issued a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Composecure Trading Down 7.0%

GPGI stock opened at $16.10 on Wednesday. The company has a market cap of $4.66 billion, a PE ratio of 19.45 and a beta of 1.00. Composecure has a 52-week low of $9.24 and a 52-week high of $26.78.

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

Insiders Place Their Bets

In related news, insider Kurt Schoen purchased 3,000 shares of Composecure stock in a transaction dated Tuesday, March 17th. The stock was acquired at an average cost of $17.00 per share, with a total value of $51,000.00. Following the completion of the transaction, the insider directly owned 3,000 shares of the company’s stock, valued at $51,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas R. Knott purchased 44,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average price of $17.08 per share, with a total value of $751,520.00. Following the completion of the acquisition, the insider owned 44,000 shares of the company’s stock, valued at $751,520. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 52,800 shares of company stock worth $901,700 over the last quarter. Company insiders own 52.10% of the company’s stock.

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.