Composecure (NYSE:GPGI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Composecure (NYSE:GPGI) from a strong sell rating to a hold rating in a research note released on Saturday.

Other equities analysts also recently issued reports about the stock. Zacks Research downgraded shares of Composecure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. decreased their price objective on shares of Composecure from $22.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Composecure in a research report on Thursday, June 11th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.00.

Composecure Price Performance

NYSE GPGI opened at $14.39 on Friday. The stock’s fifty day moving average price is $14.27. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of -7.30 and a beta of 0.86. Composecure has a 52 week low of $11.22 and a 52 week high of $26.78.

Composecure (NYSE:GPGI) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. As a group, research analysts anticipate that Composecure will post 0.9 EPS for the current fiscal year.

Composecure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, August 17th. Composecure’s dividend payout ratio (DPR) is -0.51%.

Insiders Place Their Bets

In related news, insider Kurt Schoen bought 4,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $12.58 per share, with a total value of $50,320.00. Following the completion of the purchase, the insider owned 586,317 shares of the company’s stock, valued at $7,375,867.86. This trade represents a 0.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas R. Knott bought 85,250 shares of the stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $11.67 per share, with a total value of $994,867.50. Following the completion of the purchase, 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 SEC filing for this purchase provides additional information. Insiders have acquired a total of 101,312 shares of company stock valued at $1,195,219 in the last three months. 18.40% of the stock is owned by company insiders.

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.