Composecure (NYSE:GPGI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Composecure (NYSE:GPGI) from a strong sell rating to a sell rating in a report released on Saturday morning.

GPGI has been the subject of a number of other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Composecure in a research report on Thursday, June 11th. JPMorgan Chase & Co. dropped their target price on Composecure from $22.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Zacks Research cut Composecure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Composecure in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.00.

Composecure Stock Up 0.1%

Shares of NYSE:GPGI opened at $14.52 on Friday. The business’s 50-day moving average price is $13.60. The stock has a market cap of $4.21 billion, a PE ratio of -6.05 and a beta of 0.84. Composecure has a 1 year low of $11.22 and a 1 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 for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $421.20 million for the quarter. During the same quarter last year, the business posted $0.25 earnings per share. Research analysts expect that Composecure will post 0.9 EPS for the current year.

Composecure Announces Dividend

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

Insider Buying and Selling at Composecure

In related news, Director Kevin M. Moriarty purchased 3,956 shares of Composecure stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average price of $12.64 per share, with a total value of $50,003.84. Following the completion of the transaction, the director owned 71,011 shares of the company’s stock, valued at approximately $897,579.04. This trade represents a 5.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas R. Knott acquired 85,250 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $11.67 per share, with a total value of $994,867.50. Following the completion of the acquisition, the insider owned 129,250 shares of the company’s stock, valued at $1,508,347.50. The trade was a 193.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 105,237 shares of company stock valued at $1,245,734. Corporate insiders own 18.40% of the company’s stock.

Composecure News Summary

Here are the key news stories impacting Composecure this week:

• Negative Sentiment: Multiple law firms announced or promoted securities-fraud class actions against GPGI, with investors accusing the company and certain executives of federal securities law violations during the class period. GPGI, CMPO Investors Have Opportunity to Lead GPGI, Inc. f/k/a CompoSecure, Inc. Securities Fraud Lawsuit
• Negative Sentiment: The lawsuits create near-term uncertainty for Composecure, Inc. as investors assess possible financial exposure, legal defense costs, and reputational damage. GPGI, Inc. Sued for Securities Law Violations – Contact the DJS Law Group to Discuss Your Rights – GPGI
• Neutral Sentiment: The notices mainly repeat the same class-action details and deadlines for lead-plaintiff participation, so they add volume to the story but do not introduce new operating news about the business itself. Bronstein, Gewirtz & Grossman LLC Urges GPGI, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

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.