Composecure (NYSE:GPGI) Director Krishna Mikkilineni Acquires 8,106 Shares

Composecure, Inc. (NYSE:GPGI) Director Krishna Mikkilineni acquired 8,106 shares of Composecure stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $12.34 per share, for a total transaction of $100,028.04. Following the completion of the transaction, the director directly owned 10,804 shares of the company’s stock, valued at approximately $133,321.36. This represents a 300.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Composecure Trading Down 2.7%

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

Composecure (NYSE:GPGI) last announced its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate 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 previous year, the firm posted $0.25 EPS.

Composecure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be given 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 is Monday, May 18th. Composecure’s payout ratio is currently -0.42%.

Analyst Ratings Changes

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