Composecure (NYSE:GPGI) Given New $15.00 Price Target at JPMorgan Chase & Co.

Composecure (NYSE:GPGI) had its price objective lowered by JPMorgan Chase & Co. from $22.00 to $15.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other brokerages have also recently commented on GPGI. Weiss Ratings started coverage on shares of Composecure in a research report on Monday, March 16th. They issued a “sell (d-)” rating for the company. Needham & Company LLC restated a “buy” rating on shares of Composecure in a research report on Wednesday, March 25th. One investment 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’s stock. According to MarketBeat.com, Composecure has a consensus rating of “Hold” and an average price target of $15.00.

Composecure Price Performance

Shares of NYSE GPGI opened at $12.08 on Friday. The firm has a 50-day simple moving average of $16.03. The firm has a market capitalization of $3.50 billion, a PE ratio of -5.03 and a beta of 0.98. Composecure has a 52 week low of $12.01 and a 52 week high of $26.78.

Composecure (NYSE:GPGI) last issued its earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates 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 company earned $0.25 earnings per share.

Composecure Announces Dividend

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 given a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, May 18th. Composecure’s dividend payout ratio (DPR) is presently -0.42%.

Insider Activity

In related news, Director Krishna Mikkilineni purchased 8,106 shares of the company’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 directly owned 10,804 shares in the company, valued at approximately $133,321.36. The trade was a 300.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Rebecca Corbin Loree purchased 3,925 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average price of $12.87 per share, with a total value of $50,514.75. Following the completion of the transaction, the director owned 63,220 shares of the company’s stock, valued at approximately $813,641.40. The trade was a 6.62% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 68,831 shares of company stock valued at $1,102,563 in the last quarter. Insiders own 18.40% of the company’s stock.

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.