Key Points
- Composecure insider Kurt Schoen bought 4,000 shares on May 13 at an average price of $12.58, a transaction worth $50,320. After the purchase, he directly owned 586,317 shares.
- The company recently beat earnings expectations, reporting $0.12 EPS versus the $0.09 consensus estimate, on revenue of $421.2 million for the quarter.
- Analyst sentiment is mixed to cautious, with JPMorgan cutting its price target to $15 and the stock carrying an average “Hold” rating and $15.00 target price from MarketBeat data.
Composecure, Inc. (NYSE:GPGI - Get Free Report) insider Kurt Schoen bought 4,000 shares of the company's stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $12.58 per share, with a total value of $50,320.00. Following the completion of the transaction, the insider directly owned 586,317 shares in the company, valued at approximately $7,375,867.86. This represents a 0.69% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Kurt Schoen also recently made the following trade(s):
- On Tuesday, March 17th, Kurt Schoen acquired 3,000 shares of Composecure stock. The shares were bought at an average price of $17.00 per share, with a total value of $51,000.00.
Composecure Stock Performance
GPGI stock opened at $12.08 on Friday. The stock's 50 day moving average is $16.03. The firm has a market cap of $3.50 billion, a PE ratio of -5.03 and a beta of 0.98. Composecure, Inc. has a 1 year low of $12.01 and a 1 year high of $26.78.
Composecure (NYSE:GPGI - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $421.20 million during the quarter. Composecure had a negative net margin of 56.76% and a positive return on equity of 12.59%. During the same quarter in the prior year, the company earned $0.25 earnings per share.
Composecure Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be given a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, May 18th. Composecure's dividend payout ratio is currently -0.42%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Composecure from $22.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday. Needham & Company LLC reiterated a "buy" rating on shares of Composecure in a research report on Wednesday, March 25th. Wall Street Zen cut shares of Composecure from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Weiss Ratings began coverage on shares of Composecure in a research report on Monday, March 16th. They set a "sell (d-)" rating for the company. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $15.00.
Check Out Our Latest Report on Composecure
Composecure Company Profile
(
Get Free Report)
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.
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