Issuer Direct (NYSE:ISDR) Now Covered by StockNews.com

StockNews.com started coverage on shares of Issuer Direct (NYSE:ISDR) in a report issued on Saturday morning. The firm issued a buy rating on the stock.

Issuer Direct Stock Down 2.3 %

NYSE:ISDR opened at $11.62 on Friday. Issuer Direct has a fifty-two week low of $11.50 and a fifty-two week high of $23.40. The stock has a market capitalization of $44.40 million, a P/E ratio of 58.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 0.91. The company’s 50-day simple moving average is $13.70 and its 200-day simple moving average is $15.40.

Issuer Direct (NYSE:ISDR) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $7.54 million for the quarter, compared to analysts’ expectations of $8.20 million. Issuer Direct had a net margin of 2.29% and a return on equity of 10.90%. On average, equities analysts anticipate that Issuer Direct will post 0.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Graeme P. Rein bought 4,131 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was bought at an average cost of $11.98 per share, for a total transaction of $49,489.38. Following the purchase, the director now directly owns 201,745 shares of the company’s stock, valued at $2,416,905.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Issuer Direct news, Director Graeme P. Rein purchased 12,614 shares of Issuer Direct stock in a transaction on Tuesday, March 19th. The stock was bought at an average cost of $11.91 per share, with a total value of $150,232.74. Following the transaction, the director now owns 197,614 shares of the company’s stock, valued at approximately $2,353,582.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Graeme P. Rein purchased 4,131 shares of Issuer Direct stock in a transaction on Thursday, March 21st. The shares were acquired at an average cost of $11.98 per share, with a total value of $49,489.38. Following the completion of the transaction, the director now directly owns 201,745 shares in the company, valued at approximately $2,416,905.10. The disclosure for this purchase can be found here. Insiders purchased 27,743 shares of company stock worth $330,683 in the last three months. Corporate insiders own 26.08% of the company’s stock.

Hedge Funds Weigh In On Issuer Direct

Several institutional investors have recently made changes to their positions in ISDR. Dimensional Fund Advisors LP increased its holdings in shares of Issuer Direct by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 42,429 shares of the company’s stock valued at $1,261,000 after purchasing an additional 2,626 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Issuer Direct by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 167,671 shares of the company’s stock valued at $4,985,000 after purchasing an additional 1,487 shares in the last quarter. State Street Corp increased its holdings in shares of Issuer Direct by 15.1% during the 1st quarter. State Street Corp now owns 7,998 shares of the company’s stock valued at $238,000 after purchasing an additional 1,050 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Issuer Direct by 25.0% during the 2nd quarter. Renaissance Technologies LLC now owns 39,038 shares of the company’s stock valued at $994,000 after purchasing an additional 7,800 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Issuer Direct by 97.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,867 shares of the company’s stock worth $37,000 after acquiring an additional 920 shares in the last quarter. 50.02% of the stock is owned by hedge funds and other institutional investors.

About Issuer Direct

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.