Composecure (NYSE:GPGI) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Composecure (NYSE:GPGI) issued its earnings results on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $421.20 million during the quarter. During the same quarter in the previous year, the company posted $0.25 EPS.

Composecure Price Performance

GPGI stock traded up $0.97 on Friday, hitting $13.91. The company’s stock had a trading volume of 8,129,481 shares, compared to its average volume of 3,890,047. Composecure has a 1 year low of $11.38 and a 1 year high of $26.78. The company has a market cap of $4.03 billion, a price-to-earnings ratio of -5.79 and a beta of 0.98.

Composecure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be given a $0.0025 dividend. The ex-dividend date is Monday, May 18th. This represents a $0.01 annualized dividend and a yield of 0.1%. Composecure’s dividend payout ratio is -0.42%.

Insider Buying and Selling at Composecure

In other Composecure news, insider Kurt Schoen purchased 3,000 shares of Composecure stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average price of $17.00 per share, for a total transaction of $51,000.00. Following the transaction, the insider directly owned 3,000 shares in the company, valued at $51,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John D. Cote purchased 5,800 shares of Composecure stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired at an average price of $17.10 per share, with a total value of $99,180.00. Following the transaction, the director owned 5,800 shares in the company, valued at $99,180. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 52,800 shares of company stock worth $901,700 in the last 90 days. Company insiders own 18.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on GPGI. Needham & Company LLC restated a “buy” rating on shares of Composecure in a report on Wednesday, March 25th. Weiss Ratings assumed coverage on shares of Composecure in a research report on Monday, March 16th. They issued 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 stock. Based on data from MarketBeat, Composecure has an average rating of “Hold”.

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.