Insider Buying: Composecure (NYSE:GPGI) Director Purchases 8,106 Shares of Stock

Composecure, Inc. (NYSE:GPGI) Director Krishna Mikkilineni purchased 8,106 shares of Composecure stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $12.34 per share, for a total transaction of $100,028.04. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Composecure Stock Performance

Shares of GPGI traded down $0.34 during mid-day trading on Friday, hitting $12.08. 1,636,354 shares of the company’s stock were exchanged, compared to its average volume of 4,306,054. The company has a market capitalization of $3.50 billion, a P/E ratio of 16.56 and a beta of 0.98. Composecure, Inc. has a fifty-two week low of $12.01 and a fifty-two week high of $26.78. The company has a 50-day moving average of $16.03.

Composecure (NYSE:GPGI) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $421.20 million for 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 prior year, the company posted $0.25 EPS.

Composecure Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Weiss Ratings assumed coverage on shares of Composecure in a report on Monday, March 16th. They issued a “sell (d-)” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating on shares of Composecure in a report on Wednesday, March 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Composecure from $22.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” 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.