StockNews.com Initiates Coverage on Issuer Direct (NYSE:ISDR)

Research analysts at StockNews.com assumed coverage on shares of Issuer Direct (NYSE:ISDR) in a research note issued on Sunday. The brokerage set a “buy” rating on the stock.

Issuer Direct Price Performance

ISDR stock opened at $11.85 on Friday. Issuer Direct has a 52-week low of $11.50 and a 52-week high of $23.40. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $45.21 million, a PE ratio of 59.25 and a beta of 0.86. The stock’s 50 day moving average is $13.35 and its two-hundred day moving average is $15.17.

Issuer Direct (NYSE:ISDR) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. Issuer Direct had a return on equity of 10.90% and a net margin of 2.29%. The business had revenue of $7.54 million during the quarter, compared to the consensus estimate of $8.20 million. Analysts predict that Issuer Direct will post 0.79 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Graeme P. Rein purchased 12,614 shares of the stock in a transaction dated Tuesday, March 19th. The stock was acquired at an average cost of $11.91 per share, for a total transaction of $150,232.74. Following the acquisition, the director now owns 197,614 shares of the company’s stock, valued at $2,353,582.74. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, major shareholder Topline Capital Partners, Lp acquired 10,498 shares of Issuer Direct stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average price of $11.90 per share, for a total transaction of $124,926.20. Following the transaction, the insider now directly owns 556,051 shares of the company’s stock, valued at approximately $6,617,006.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Graeme P. Rein acquired 12,614 shares of Issuer Direct stock in a transaction that occurred on Tuesday, March 19th. The shares were bought at an average price of $11.91 per share, with a total value of $150,232.74. Following the transaction, the director now directly owns 197,614 shares in the company, valued at $2,353,582.74. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 27,743 shares of company stock worth $330,683. 26.08% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Issuer Direct stock. Punch & Associates Investment Management Inc. grew its holdings in shares of Issuer Direct Co. (NYSE:ISDR) by 35.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 87,795 shares of the company’s stock after acquiring an additional 22,763 shares during the quarter. Punch & Associates Investment Management Inc. owned about 2.30% of Issuer Direct worth $1,651,000 as of its most recent SEC filing. 50.02% of the stock is owned by hedge funds and other institutional investors.

About Issuer Direct

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.