Composecure (NYSE:GPGI) Trading Up 13% Following Insider Buying Activity

Composecure, Inc. (NYSE:GPGI) rose 13% on Monday after an insider bought additional shares in the company. The company traded as high as $14.64 and last traded at $14.4680. Approximately 467,666 shares traded hands during trading, a decline of 86% from the average daily volume of 3,456,485 shares. The stock had previously closed at $12.80.

Specifically, insider Thomas R. Knott bought 85,250 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average price of $11.67 per share, with a total value of $994,867.50. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GPGI shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Composecure in a report on Thursday. Zacks Research raised shares of Composecure from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Wall Street Zen cut shares of Composecure from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. decreased their target price on Composecure from $22.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Composecure in a report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Composecure Stock Performance

The company’s 50 day simple moving average is $14.15. The firm has a market cap of $4.18 billion, a P/E ratio of -6.00 and a beta of 0.89.

Composecure (NYSE:GPGI) last issued its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The business 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 quarter last year, the firm posted $0.25 earnings per share. On average, equities research analysts forecast that Composecure, Inc. will post 0.9 earnings per share for the current year.

Composecure Announces Dividend

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

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.