Key Points
- Composecure director Kevin Moriarty bought 3,956 shares on May 26 at an average price of $12.64, a transaction worth about $50,004. His stake rose 5.9% to 71,011 shares.
- The stock was trading down 2.3% at $11.99, near its 1-year low of $11.39 and well below its 1-year high of $26.78.
- Analysts remain cautious on GPGI, with an average Hold rating and $15.00 price target; recent calls included JPMorgan cutting its target to $15 and both Weiss Ratings and Wall Street Zen issuing sell ratings.
Composecure, Inc. (NYSE:GPGI - Get Free Report) Director Kevin Moriarty purchased 3,956 shares of the company's stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average price of $12.64 per share, with a total value of $50,003.84. Following the completion of the transaction, the director owned 71,011 shares of the company's stock, valued at $897,579.04. This represents a 5.90% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Composecure Trading Down 2.3%
NYSE GPGI opened at $11.99 on Friday. Composecure, Inc. has a 1-year low of $11.39 and a 1-year high of $26.78. The company has a 50 day simple moving average of $15.33. The firm has a market capitalization of $3.48 billion, a P/E ratio of -5.00 and a beta of 0.98.
Composecure (NYSE:GPGI - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The company 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 previous year, the firm posted $0.25 earnings per share.
Composecure Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be paid a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, May 18th. Composecure's dividend payout ratio (DPR) is -0.42%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on GPGI shares. JPMorgan Chase & Co. decreased their price objective on shares of Composecure from $22.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, May 15th. Weiss Ratings started coverage on shares of Composecure in a research note on Monday, March 16th. They issued a "sell (d-)" rating on the stock. Wall Street Zen cut shares of Composecure from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Finally, Needham & Company LLC reissued a "buy" rating on shares of Composecure in a research note on Wednesday, March 25th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Composecure has an average rating of "Hold" and an average target price of $15.00.
Get Our Latest Stock Analysis 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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