Composecure (NYSE:GPGI) Insider Thomas Knott Purchases 44,000 Shares

Composecure, Inc. (NYSE:GPGI) insider Thomas Knott acquired 44,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were bought at an average price of $17.08 per share, for a total transaction of $751,520.00. Following the completion of the purchase, the insider owned 44,000 shares in the company, valued at approximately $751,520. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Composecure Price Performance

Shares of NYSE GPGI traded up $0.81 during trading on Wednesday, hitting $18.09. The stock had a trading volume of 1,092,945 shares, compared to its average volume of 3,041,442. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of -13.70 and a beta of 1.00. Composecure, Inc. has a 12 month low of $9.24 and a 12 month high of $26.78.

Composecure (NYSE:GPGI) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Composecure had a negative net margin of 56.76% and a positive return on equity of 211.60%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on Composecure in a research report on Monday. They set a “sell (d-)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

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.