Issuer Direct (NYSE:ISDR) Receives New Coverage from Analysts at StockNews.com

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

Issuer Direct Price Performance

Shares of NYSE:ISDR opened at $11.65 on Friday. The business’s 50 day simple moving average is $13.21 and its two-hundred day simple moving average is $15.10. The firm has a market cap of $44.50 million, a P/E ratio of 58.25 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. Issuer Direct has a 52-week low of $11.45 and a 52-week high of $23.40.

Issuer Direct (NYSE:ISDR) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $7.54 million for the quarter, compared to analyst estimates of $8.20 million. Issuer Direct had a return on equity of 10.90% and a net margin of 2.29%. As a group, research analysts forecast that Issuer Direct will post 0.79 EPS for the current fiscal year.

Insider Activity

In related news, Director Graeme P. Rein bought 4,131 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were bought at an average price of $11.98 per share, for a total transaction of $49,489.38. Following the completion of the acquisition, the director now directly owns 201,745 shares of the company’s stock, valued at $2,416,905.10. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Graeme P. Rein bought 4,131 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were bought at an average price of $11.98 per share, for a total transaction of $49,489.38. Following the completion of the acquisition, the director now directly owns 201,745 shares of the company’s stock, valued at $2,416,905.10. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Graeme P. Rein bought 12,614 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was bought at an average price of $11.91 per share, for a total transaction of $150,232.74. Following the acquisition, the director now directly owns 197,614 shares of the company’s stock, valued at $2,353,582.74. The disclosure for this purchase can be found here. Insiders have purchased 27,743 shares of company stock worth $330,683 over the last 90 days. 26.08% of the stock is currently owned by corporate insiders.

Institutional Trading of Issuer Direct

A hedge fund recently raised its stake in Issuer Direct stock. Punch & Associates Investment Management Inc. lifted its holdings in shares of Issuer Direct Co. (NYSE:ISDR) by 35.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,795 shares of the company’s stock after acquiring an additional 22,763 shares during the quarter. Punch & Associates Investment Management Inc. owned 2.30% of Issuer Direct worth $1,651,000 at the end of the most recent quarter. 50.02% of the stock is currently 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.