Composecure (NYSE:GPGI) Insider Buys $50,320.00 in Stock

Composecure, Inc. (NYSE:GPGI) insider Kurt Schoen acquired 4,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $12.58 per share, for a total transaction of $50,320.00. Following the purchase, the insider directly owned 586,317 shares of the company’s stock, valued at approximately $7,375,867.86. This trade represents a 0.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Kurt Schoen also recently made the following trade(s):

• On Tuesday, March 17th, Kurt Schoen acquired 3,000 shares of Composecure stock. The stock was acquired at an average price of $17.00 per share, for a total transaction of $51,000.00.

Composecure Price Performance

NYSE:GPGI traded down $0.34 on Friday, hitting $12.08. The company’s stock had a trading volume of 1,636,354 shares, compared to its average volume of 4,306,054. The firm has a fifty day moving average of $16.03. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 16.56 and a beta of 0.98. Composecure, Inc. has a one year low of $12.01 and a one year high of $26.78.

Composecure (NYSE:GPGI) last released 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 firm had revenue of $421.20 million for the quarter. Composecure had a positive return on equity of 12.59% and a negative net margin of 56.76%.During the same quarter in the prior year, the company earned $0.25 EPS.

Composecure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be paid a dividend of $0.0025 per share. The ex-dividend date is Monday, May 18th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. Composecure’s dividend payout ratio (DPR) is -0.42%.

Wall Street Analysts Forecast Growth

GPGI has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Composecure from $22.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday. Weiss Ratings initiated coverage on Composecure in a research note on Monday, March 16th. They set a “sell (d-)” rating on the stock. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Composecure in a research note on Wednesday, March 25th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.