Composecure (NYSE:GPGI) Earns Buy Rating from Needham & Company LLC

Composecure (NYSE:GPGI)‘s stock had its “buy” rating reissued by investment analysts at Needham & Company LLC in a research report issued on Wednesday,Benzinga reports.

Separately, Weiss Ratings began coverage on shares of Composecure in a research note on Monday, March 16th. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Composecure Trading Up 3.9%

Shares of NYSE:GPGI opened at $18.35 on Wednesday. The company has a market capitalization of $5.31 billion, a P/E ratio of 19.83 and a beta of 1.00. Composecure has a 52-week low of $9.24 and a 52-week high of $26.78.

Composecure (NYSE:GPGI) last issued its earnings results on Thursday, March 12th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Composecure had a positive return on equity of 211.60% and a negative net margin of 56.76%.

Insider Buying and Selling

In related news, insider Kurt Schoen acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average price of $17.00 per share, with a total value of $51,000.00. Following the completion of the transaction, the insider directly owned 3,000 shares in the company, valued at $51,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas R. Knott bought 44,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was bought at an average price of $17.08 per share, for a total transaction of $751,520.00. Following the purchase, the insider directly owned 44,000 shares of the company’s stock, valued at $751,520. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 52,800 shares of company stock valued at $901,700. 52.10% of the stock is owned by insiders.

Composecure Company Profile

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.