Composecure (NYSE:GPGI) Trading Up 4.7% After Insider Buying Activity

Shares of Composecure, Inc. (NYSE:GPGI) traded up 4.7% on Wednesday after an insider bought additional shares in the company. The company traded as high as $18.11 and last traded at $18.09. 1,092,945 shares changed hands during trading, a decline of 64% from the average session volume of 3,041,442 shares. The stock had previously closed at $17.28.

Specifically, insider Thomas R. Knott acquired 44,000 shares of Composecure stock in a transaction on Tuesday, March 17th. The shares were acquired at an average price of $17.08 per share, with a total value of $751,520.00. Following the purchase, the insider directly owned 44,000 shares in the company, valued at $751,520. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John D. Cote bought 5,800 shares of the stock in a transaction dated Tuesday, March 17th. The shares were purchased at an average price of $17.10 per share, with a total value of $99,180.00. Following the completion of the transaction, the director directly owned 5,800 shares in the company, valued at approximately $99,180. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In other Composecure news, insider Kurt Schoen bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average cost of $17.00 per share, with a total value of $51,000.00. Following the completion of the acquisition, the insider owned 3,000 shares in the company, valued at $51,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on shares of Composecure in a research note on Monday. They set a “sell (d-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Composecure Stock Up 4.7%

The firm has a market cap of $5.24 billion, a price-to-earnings ratio of -13.70 and a beta of 1.00.

Composecure (NYSE:GPGI) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Composecure had a positive return on equity of 211.60% and a negative net margin of 56.76%.

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.