Insider Buying: Composecure (NYSE:GPGI) Insider Buys $50,320.00 in Stock

Composecure, Inc. (NYSE:GPGI) insider Kurt Schoen bought 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $12.58 per share, for a total transaction of $50,320.00. Following the acquisition, the insider owned 586,317 shares of the company’s stock, valued at $7,375,867.86. This represents a 0.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

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 purchased at an average price of $17.00 per share, for a total transaction of $51,000.00.

Composecure Stock Down 0.2%

GPGI opened at $12.08 on Monday. The company has a market cap of $3.50 billion, a P/E ratio of -5.03 and a beta of 0.98. The stock has a fifty day moving average price of $16.03. Composecure, Inc. has a one year low of $12.01 and a one year high of $26.78.

Composecure (NYSE:GPGI) last released its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $421.20 million for the quarter. During the same period in the previous year, the firm earned $0.25 earnings per share.

Composecure Announces Dividend

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

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating on shares of Composecure in a research report on Wednesday, March 25th. Wall Street Zen cut Composecure from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings assumed coverage on Composecure in a report on Monday, March 16th. They set a “sell (d-)” rating for the company. Finally, JPMorgan Chase & Co. dropped 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. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock 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.