Thomas Knott Buys 85,250 Shares of Composecure (NYSE:GPGI) Stock

Composecure, Inc. (NYSE:GPGI) insider Thomas Knott bought 85,250 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of $11.67 per share, for a total transaction of $994,867.50. Following the completion of the transaction, the insider directly owned 129,250 shares in the company, valued at approximately $1,508,347.50. This trade represents a 193.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Composecure Price Performance

NYSE:GPGI opened at $13.97 on Wednesday. Composecure, Inc. has a 52 week low of $11.22 and a 52 week high of $26.78. The firm has a market cap of $4.05 billion, a PE ratio of -5.82 and a beta of 0.89. The company’s 50-day simple moving average is $14.03.

Composecure (NYSE:GPGI) last posted its earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Composecure had a positive return on equity of 12.59% and a negative net margin of 56.76%.The firm had revenue of $421.20 million for the quarter. During the same quarter last year, the business earned $0.25 earnings per share. As a group, equities research analysts expect that Composecure, Inc. will post 0.9 earnings per share for the current year.

Composecure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a dividend of $0.0025 per share. The ex-dividend date was Monday, May 18th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. Composecure’s dividend payout ratio (DPR) is -0.42%.

Analysts Set New Price Targets

GPGI has been the topic of a number of analyst reports. Zacks Research upgraded Composecure from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Needham & Company LLC reiterated a “buy” rating on shares of Composecure in a report on Wednesday, March 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Composecure in a report on Thursday, June 11th. JPMorgan Chase & Co. lowered their price objective on Composecure from $22.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Finally, Wall Street Zen cut Composecure from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.