Kevin Moriarty Purchases 3,956 Shares of Composecure (NYSE:GPGI) Stock

Composecure, Inc. (NYSE:GPGI) Director Kevin Moriarty acquired 3,956 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price of $12.64 per share, for a total transaction of $50,003.84. Following the purchase, the director owned 71,011 shares of the company’s stock, valued at $897,579.04. The trade was a 5.90% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Composecure Trading Up 1.2%

Composecure stock opened at $12.14 on Friday. Composecure, Inc. has a 12 month low of $11.39 and a 12 month high of $26.78. The firm has a 50 day moving average price of $15.22. The stock has a market capitalization of $3.52 billion, a P/E ratio of -5.06 and a beta of 0.98.

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

Composecure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be paid a $0.0025 dividend. The ex-dividend date is 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%.

Analyst Ratings Changes

Several equities analysts recently commented on GPGI shares. JPMorgan Chase & Co. dropped 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, May 15th. Needham & Company LLC restated a “buy” rating on shares of Composecure in a research report on Wednesday, March 25th. Weiss Ratings began coverage on Composecure in a research report on Monday, March 16th. They set a “sell (d-)” rating on the stock. Finally, Wall Street Zen downgraded Composecure from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.00.

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.