Insider Buying: Composecure (NYSE:GPGI) Director Purchases $100,028.04 in Stock

Composecure, Inc. (NYSE:GPGI) Director Krishna Mikkilineni bought 8,106 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $12.34 per share, for a total transaction of $100,028.04. Following the completion of the transaction, the director owned 10,804 shares in the company, valued at $133,321.36. This represents a 300.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Composecure Stock Performance

Shares of GPGI opened at $12.08 on Monday. The firm has a 50 day simple moving average of $16.03. Composecure, Inc. has a 52-week low of $12.01 and a 52-week high of $26.78. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of -5.03 and a beta of 0.98.

Composecure (NYSE:GPGI) last announced its earnings results on Thursday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Composecure had a positive return on equity of 12.59% and a negative net margin of 56.76%.The company had revenue of $421.20 million for the quarter. During the same period in the previous year, the company earned $0.25 earnings per share.

Composecure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, May 18th. Composecure’s dividend payout ratio is presently -0.42%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GPGI. Weiss Ratings began coverage on Composecure in a research report on Monday, March 16th. They issued a “sell (d-)” rating on the stock. Needham & Company LLC reiterated a “buy” rating on shares of Composecure in a report on Wednesday, March 25th. Wall Street Zen downgraded Composecure from a “hold” rating to a “sell” rating in a report on Saturday. Finally, JPMorgan Chase & Co. lowered their price target on Composecure from $22.00 to $15.00 and set a “neutral” rating for the company in a report on Friday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.00.

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.