Insider Buying: Composecure (NYSE:GPGI) Director Purchases $50,003.84 in Stock

Composecure, Inc. (NYSE:GPGI) Director Kevin Moriarty bought 3,956 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $12.64 per share, for a total transaction of $50,003.84. Following the acquisition, the director directly owned 71,011 shares of the company’s stock, valued at $897,579.04. The trade was a 5.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Composecure Stock Up 1.2%

Shares of NYSE GPGI opened at $12.14 on Friday. The stock has a 50-day simple moving average of $15.22. Composecure, Inc. has a 52-week low of $11.39 and a 52-week high of $26.78. The company has a market capitalization of $3.52 billion, a PE ratio of -5.06 and a beta of 0.98.

Composecure (NYSE:GPGI) last issued 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 negative net margin of 56.76% and a positive return on equity of 12.59%. The firm had revenue of $421.20 million for the quarter. During the same period in the prior year, the business earned $0.25 EPS. On average, research analysts anticipate that Composecure, Inc. will post 0.9 earnings per share for the current year.

Composecure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders 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 dividend on an annualized basis and a yield of 0.1%. Composecure’s dividend payout ratio (DPR) is currently -0.42%.

Analyst Ratings Changes

A number of brokerages have issued reports on GPGI. Wall Street Zen cut shares of 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 report on Wednesday, March 25th. JPMorgan Chase & Co. cut 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, May 15th. Finally, Weiss Ratings started coverage on shares of Composecure in a report on Monday, March 16th. They issued a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.