Composecure (NYSE:GPGI) Insider Thomas Knott Buys 85,250 Shares of Stock

Composecure, Inc. (NYSE:GPGI) insider Thomas Knott bought 85,250 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $11.67 per share, for a total transaction of $994,867.50. Following the purchase, the insider owned 129,250 shares in the company, valued at approximately $1,508,347.50. This represents a 193.75% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Composecure Trading Up 13.2%

Shares of Composecure stock opened at $14.49 on Tuesday. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of -6.04 and a beta of 0.89. The firm has a 50-day moving average of $14.09. Composecure, Inc. has a 1 year low of $11.22 and a 1 year high of $26.78.

Composecure (NYSE:GPGI) last issued its 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 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 company posted $0.25 EPS. Equities analysts expect that Composecure, Inc. will post 0.9 EPS for the current year.

Composecure Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Composecure from $22.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Zacks Research upgraded shares of Composecure from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Wall Street Zen lowered shares of Composecure from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Needham & Company LLC reiterated a “buy” rating on shares of Composecure in a research note on Wednesday, March 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Composecure in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

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.