Composecure (NYSE:GPGI) Receives Buy Rating from Needham & Company LLC

Composecure (NYSE:GPGI)‘s stock had its “buy” rating restated by analysts at Needham & Company LLC in a research note issued on Wednesday,Benzinga reports.

Separately, Weiss Ratings initiated coverage on Composecure in a research note on Monday, March 16th. They set a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Composecure Stock Performance

Shares of GPGI stock opened at $18.35 on Wednesday. Composecure has a 12-month low of $9.24 and a 12-month high of $26.78. The firm has a market cap of $5.31 billion, a PE ratio of 19.83 and a beta of 1.00.

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

Insider Buying and Selling at Composecure

In other Composecure news, insider Kurt Schoen bought 3,000 shares of Composecure stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average price of $17.00 per share, with a total value of $51,000.00. Following the completion of the acquisition, the insider directly owned 3,000 shares in the company, valued at approximately $51,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John D. Cote bought 5,800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired 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 of the company’s stock, valued at $99,180. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 52,800 shares of company stock valued at $901,700 over the last quarter. Insiders own 52.10% of the company’s stock.

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.