Kevin Moriarty Buys 3,956 Shares of Composecure (NYSE:GPGI) Stock

Composecure, Inc. (NYSE:GPGI) Director Kevin Moriarty bought 3,956 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost 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 in the company, valued at approximately $897,579.04. The trade was a 5.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Composecure Price Performance

Shares of Composecure stock traded down $0.28 during trading hours on Thursday, hitting $11.99. 1,593,212 shares of the company’s stock traded hands, compared to its average volume of 3,663,629. The stock has a market capitalization of $3.48 billion, a PE ratio of -5.00 and a beta of 0.98. Composecure, Inc. has a 12-month low of $11.39 and a 12-month high of $26.78. The stock’s fifty day moving average is $15.40.

Composecure (NYSE:GPGI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $421.20 million during the quarter. Composecure had a positive return on equity of 12.59% and a negative net margin of 56.76%.During the same quarter in the previous year, the company posted $0.25 EPS.

Composecure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be paid a dividend of $0.0025 per share. 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%.

Wall Street Analysts Forecast Growth

GPGI has been the subject of several research reports. Wall Street Zen downgraded Composecure from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings initiated coverage on Composecure in a research note on Monday, March 16th. They issued a “sell (d-)” rating for the company. JPMorgan Chase & Co. cut their target price on Composecure from $22.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Finally, Needham & Company LLC restated a “buy” rating on shares of Composecure in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Composecure currently has a consensus rating of “Hold” and a consensus price target of $15.00.

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.