Composecure (NYSE:GPGI) Director Krishna Mikkilineni Purchases 8,106 Shares

Composecure, Inc. (NYSE:GPGI) Director Krishna Mikkilineni acquired 8,106 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $12.34 per share, for a total transaction of $100,028.04. Following the acquisition, the director owned 10,804 shares of the company’s stock, valued at $133,321.36. This represents a 300.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Composecure Trading Down 2.7%

GPGI stock traded down $0.34 during midday trading on Friday, reaching $12.08. 1,636,354 shares of the company were exchanged, compared to its average volume of 4,306,054. Composecure, Inc. has a 1-year low of $12.01 and a 1-year high of $26.78. The company’s 50-day moving average price is $16.03. The company has a market capitalization of $3.50 billion, a P/E ratio of 16.56 and a beta of 0.98.

Composecure (NYSE:GPGI) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Composecure had a negative net margin of 56.76% and a positive return on equity of 12.59%. The company had revenue of $421.20 million for the quarter. During the same period in the previous year, the business posted $0.25 EPS.

Composecure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be issued a dividend of $0.0025 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. Composecure’s dividend payout ratio (DPR) is presently -0.42%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Weiss Ratings assumed coverage on shares of Composecure in a report on Monday, March 16th. They set a “sell (d-)” rating on the stock. Needham & Company LLC reissued a “buy” rating on shares of Composecure in a report on Wednesday, March 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Composecure from $22.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Composecure currently has a consensus rating of “Hold” and a consensus price target of $15.00.

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.