Composecure, Inc. (NYSE:GPGI – Get Free Report) insider Thomas Knott bought 85,250 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $11.67 per share, for a total transaction of $994,867.50. Following the completion of the acquisition, the insider directly owned 129,250 shares in the company, valued at $1,508,347.50. The trade was a 193.75% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Composecure Trading Up 0.2%
NYSE GPGI opened at $12.83 on Monday. The firm has a market cap of $3.72 billion, a PE ratio of -5.34 and a beta of 0.89. The business’s 50-day moving average is $14.15. Composecure, Inc. has a 52-week low of $11.22 and a 52-week high of $26.78.
Composecure (NYSE:GPGI – Get Free Report) last announced its quarterly 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 for 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 posted $0.25 EPS. On average, equities analysts anticipate that Composecure, Inc. will post 0.9 EPS for the current fiscal year.
Composecure Dividend Announcement
Analysts Set New Price Targets
GPGI has been the subject of several recent research reports. Wall Street Zen downgraded Composecure from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Composecure in a research report on Thursday. Zacks Research raised Composecure from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. JPMorgan Chase & Co. decreased their price target on shares of Composecure from $22.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Composecure in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Composecure currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.
View Our Latest Stock Report on GPGI
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.
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