Composecure, Inc. (NYSE:GPGI - Get Free Report) insider Thomas Knott acquired 85,250 shares of the firm's stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $11.67 per share, with a total value 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 represents a 193.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Composecure Stock Up 13.2%
Composecure stock opened at $14.49 on Tuesday. The company has a 50 day moving average of $14.09. The company has a market capitalization of $4.20 billion, a PE ratio of -6.04 and a beta of 0.89. Composecure, Inc. has a 12-month low of $11.22 and a 12-month high of $26.78.
Composecure (NYSE:GPGI - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business earned $0.25 earnings per share. As a group, equities research analysts forecast that Composecure, Inc. will post 0.9 earnings per share for the current year.
Composecure Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a $0.0025 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. Composecure's dividend payout ratio (DPR) is -0.42%.
Analyst Ratings Changes
GPGI has been the subject of several recent analyst reports. Needham & Company LLC reiterated a "buy" rating on shares of Composecure in a report on Wednesday, March 25th. Zacks Research upgraded shares of Composecure from a "hold" rating to a "strong-buy" rating in a report on Friday, May 29th. JPMorgan Chase & Co. cut their target price 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. Weiss Ratings reissued a "sell (d-)" rating on shares of Composecure in a research note on Thursday. Finally, Wall Street Zen lowered shares of Composecure from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. One 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 given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.00.
View Our Latest Stock Analysis on GPGI
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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