Kurt Schoen Buys 4,000 Shares of Composecure (NYSE:GPGI) Stock

Composecure, Inc. (NYSE:GPGI) insider Kurt Schoen purchased 4,000 shares of Composecure stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $12.58 per share, with a total value of $50,320.00. Following the transaction, the insider directly owned 586,317 shares in the company, valued at approximately $7,375,867.86. The trade was a 0.69% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kurt Schoen also recently made the following trade(s):

• On Tuesday, March 17th, Kurt Schoen purchased 3,000 shares of Composecure stock. The shares were acquired at an average cost of $17.00 per share, with a total value of $51,000.00.

Composecure Stock Down 2.7%

NYSE GPGI opened at $12.08 on Friday. Composecure, Inc. has a 52 week low of $12.01 and a 52 week high of $26.78. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of -5.03 and a beta of 0.98. The company’s 50-day simple moving average is $16.03.

Composecure (NYSE:GPGI) last released its quarterly earnings results 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 negative net margin of 56.76% and a positive return on equity of 12.59%. The firm had revenue of $421.20 million during the quarter. During the same period in the previous year, the company earned $0.25 EPS.

Composecure Dividend Announcement

The business 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 dividend of $0.0025 per share. The ex-dividend date is Monday, May 18th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. Composecure’s payout ratio is -0.42%.

Analyst Upgrades and Downgrades

GPGI has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on Composecure from $22.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday. Needham & Company LLC reiterated a “buy” rating on shares of Composecure in a research note on Wednesday, March 25th. Weiss Ratings initiated coverage on Composecure in a research note on Monday, March 16th. They set a “sell (d-)” rating for the company. Finally, Wall Street Zen downgraded Composecure from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Composecure presently has a consensus rating of “Hold” and an average 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.