Insider Buying: Composecure (NYSE:GPGI) Insider Purchases 4,000 Shares of Stock

Composecure, Inc. (NYSE:GPGI) insider Kurt Schoen purchased 4,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $12.58 per share, for a total transaction of $50,320.00. Following the acquisition, the insider directly owned 586,317 shares in the company, valued at approximately $7,375,867.86. This trade represents a 0.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 stock was acquired at an average cost of $17.00 per share, for a total transaction of $51,000.00.

Composecure Trading Down 2.7%

Composecure stock traded down $0.34 on Friday, hitting $12.08. The company’s stock had a trading volume of 1,636,354 shares, compared to its average volume of 4,306,054. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 16.56 and a beta of 0.98. The firm has a fifty day simple moving average 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 announced its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $421.20 million for the quarter. Composecure had a negative net margin of 56.76% and a positive return on equity of 12.59%. During the same period last year, the firm earned $0.25 EPS.

Composecure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, May 18th. Composecure’s dividend payout ratio is currently -0.42%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Composecure from $22.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday. Needham & Company LLC restated a “buy” rating on shares of Composecure in a research note on Wednesday, March 25th. Finally, Weiss Ratings assumed coverage on shares of Composecure in a research note on Monday, March 16th. They issued a “sell (d-)” rating on the stock. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Composecure presently has a consensus rating of “Hold” and an average price target 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.