Composecure (NYSE:GPGI) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Composecure (NYSE:GPGI) from a hold rating to a sell rating in a report published on Saturday.

GPGI has been the subject of a number of other research reports. Weiss Ratings began coverage on Composecure in a research report on Monday, March 16th. They set a “sell (d-)” rating for the company. JPMorgan Chase & Co. reduced their price objective on Composecure from $22.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Composecure in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Composecure has a consensus rating of “Hold” and an average target price of $15.00.

Composecure Stock Performance

Shares of NYSE:GPGI opened at $12.08 on Friday. The company has a market capitalization of $3.50 billion, a P/E ratio of -5.03 and a beta of 0.98. Composecure has a 1 year low of $12.01 and a 1 year high of $26.78. The firm’s fifty day simple moving average is $16.03.

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 analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $421.20 million for the quarter. Composecure had a positive return on equity of 12.59% and a negative net margin of 56.76%.During the same period in the previous year, the company earned $0.25 earnings per share.

Composecure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a $0.0025 dividend. 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 presently -0.42%.

Insider Activity at Composecure

In other news, insider Kurt Schoen purchased 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of $12.58 per share, with a total value of $50,320.00. Following the completion of the purchase, the insider owned 586,317 shares in the company, valued at approximately $7,375,867.86. This represents a 0.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Krishna Mikkilineni purchased 8,106 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of $12.34 per share, with a total value of $100,028.04. Following the completion of the purchase, the director owned 10,804 shares of the company’s stock, valued at $133,321.36. The trade was a 300.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 68,831 shares of company stock valued at $1,102,563 in the last 90 days. 18.40% of the stock is currently owned by insiders.

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.