Composecure (NYSE:GPGI) Insider Thomas Knott Purchases 85,250 Shares

Composecure, Inc. (NYSE:GPGI) insider Thomas Knott acquired 85,250 shares of Composecure stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $11.67 per share, for a total transaction of $994,867.50. Following the completion of the purchase, the insider directly owned 129,250 shares of the company’s stock, valued at approximately $1,508,347.50. This represents a 193.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Composecure Trading Up 0.2%

GPGI stock opened at $12.83 on Monday. The firm has a 50-day moving average price of $14.15. The company has a market cap of $3.72 billion, a price-to-earnings ratio of -5.34 and a beta of 0.89. Composecure, Inc. has a 12 month low of $11.22 and a 12 month high of $26.78.

Composecure (NYSE:GPGI) last issued its quarterly 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 company 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 last year, the company posted $0.25 EPS. As a group, equities research analysts forecast that Composecure, Inc. will post 0.9 EPS for the current fiscal year.

Composecure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, May 18th. Composecure’s dividend payout ratio (DPR) is currently -0.42%.

Analyst Ratings Changes

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