Issuer Direct (NYSE:ISDR) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Issuer Direct (NYSE:ISDR) in a research report issued on Monday. The firm set a “buy” rating on the stock.

Issuer Direct Stock Up 1.1 %

Shares of ISDR opened at $11.58 on Monday. The business’s 50 day simple moving average is $12.93 and its 200-day simple moving average is $14.93. Issuer Direct has a one year low of $11.31 and a one year high of $23.40. The company has a market capitalization of $44.22 million, a P/E ratio of 57.88 and a beta of 0.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.91 and a quick ratio of 0.91.

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

Insider Buying and Selling at Issuer Direct

In other Issuer Direct news, Director Graeme P. Rein bought 4,131 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was bought at an average price of $11.98 per share, for a total transaction of $49,489.38. Following the transaction, the director now owns 201,745 shares of the company’s stock, valued at approximately $2,416,905.10. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Issuer Direct news, Director Graeme P. Rein purchased 4,131 shares of the stock in a transaction 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 completion of the acquisition, the director now directly owns 201,745 shares of the company’s stock, valued at $2,416,905.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Graeme P. Rein acquired 12,614 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were acquired 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 in the company, valued at $2,353,582.74. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 27,743 shares of company stock worth $330,683. Company insiders own 26.08% of the company’s stock.

Institutional Investors Weigh In On Issuer Direct

An institutional investor recently raised its position in Issuer Direct stock. Punch & Associates Investment Management Inc. increased its stake in shares of Issuer Direct Co. (NYSE:ISDR) by 35.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 87,795 shares of the company’s stock after buying an additional 22,763 shares during the period. Punch & Associates Investment Management Inc. owned 2.30% of Issuer Direct worth $1,651,000 as of its most recent filing with the SEC. Institutional investors own 50.02% of the company’s stock.

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.