Composecure (NYSE:GPGI) Announces Earnings Results

Composecure (NYSE:GPGI) posted its quarterly earnings data on Thursday. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03, Briefing.com reports. Composecure had a negative net margin of 56.76% and a positive return on equity of 111.20%. The company had revenue of $421.20 million during the quarter. During the same period in the prior year, the company posted $0.25 earnings per share.

Composecure Price Performance

Shares of NYSE GPGI traded up $0.97 during mid-day trading on Friday, reaching $13.91. The company had a trading volume of 8,129,481 shares, compared to its average volume of 3,890,047. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 18.51 and a beta of 0.98. Composecure has a 12-month low of $11.38 and a 12-month high of $26.78.

Composecure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders 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 -0.42%.

Wall Street Analyst Weigh In

A number of research firms have commented on GPGI. Needham & Company LLC reaffirmed a “buy” rating on shares of Composecure in a research note on Wednesday, March 25th. Weiss Ratings began coverage on shares of Composecure in a research note on Monday, March 16th. They set a “sell (d-)” rating for the company. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Insider Activity at Composecure

In other news, insider Thomas R. Knott acquired 44,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were purchased at an average price of $17.08 per share, for a total transaction of $751,520.00. Following the completion of the acquisition, the insider owned 44,000 shares of the company’s stock, valued at approximately $751,520. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John D. Cote acquired 5,800 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average price of $17.10 per share, for a total transaction of $99,180.00. Following the acquisition, the director directly owned 5,800 shares of the company’s stock, valued at $99,180. The trade was a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 52,800 shares of company stock valued at $901,700 over the last ninety days. 18.40% of the stock is owned by company 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.