Composecure (NYSE:GPGI) Releases Earnings Results

Composecure (NYSE:GPGI) announced its quarterly earnings data on Thursday. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03, Briefing.com reports. Composecure had a negative net margin of 56.76% and a positive return on equity of 111.20%. The company had revenue of $421.20 million for the quarter. During the same period in the prior year, the company posted $0.25 earnings per share.

Composecure Trading Up 7.5%

Shares of Composecure stock traded up $0.97 during trading hours on Friday, hitting $13.91. The company had a trading volume of 8,129,481 shares, compared to its average volume of 3,890,047. Composecure has a twelve month low of $11.38 and a twelve month high of $26.78. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of -5.79 and a beta of 0.98.

Composecure Announces Dividend

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

Insider Activity at Composecure

In related news, insider Thomas R. Knott bought 44,000 shares of the stock in a transaction dated Tuesday, March 17th. The stock was acquired at an average price of $17.08 per share, for a total transaction of $751,520.00. Following the acquisition, the insider owned 44,000 shares in the company, valued at approximately $751,520. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John D. Cote bought 5,800 shares of the stock in a transaction dated Tuesday, March 17th. The stock was bought at an average price of $17.10 per share, with a total value of $99,180.00. Following the acquisition, the director owned 5,800 shares in the company, valued at approximately $99,180. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 52,800 shares of company stock worth $901,700. Corporate insiders own 18.40% of the company’s stock.

Analysts Set New Price Targets

GPGI has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating on shares of Composecure in a research report on Wednesday, March 25th. Weiss Ratings assumed coverage on shares of Composecure in a research report on Monday, March 16th. They issued a “sell (d-)” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Composecure currently has an average rating of “Hold”.

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.