Insider Buying: Composecure (NYSE:GPGI) Insider Purchases $994,867.50 in Stock

Composecure, Inc. (NYSE:GPGI) insider Thomas Knott purchased 85,250 shares of the stock in a transaction dated Thursday, June 11th. The shares were acquired at an average cost of $11.67 per share, for a total transaction of $994,867.50. Following the completion of the acquisition, the insider directly owned 129,250 shares of the company’s stock, valued at approximately $1,508,347.50. This trade represents a 193.75% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Composecure Price Performance

Shares of GPGI opened at $14.14 on Thursday. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of -5.89 and a beta of 0.89. Composecure, Inc. has a one year low of $11.22 and a one year high of $26.78. The company’s fifty day simple moving average is $13.96.

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

Composecure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders 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 dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, May 18th. Composecure’s dividend payout ratio (DPR) is -0.42%.

Analysts Set New Price Targets

GPGI has been the topic of a number of research analyst reports. Zacks Research raised Composecure from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Composecure in a report on Thursday, June 11th. JPMorgan Chase & Co. lowered their target price on Composecure from $22.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Wall Street Zen lowered Composecure from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Composecure in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued 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, the company has an average rating of “Moderate Buy” and a consensus target price 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.