Composecure (NYSE:GPGI) Upgraded by Wall Street Zen to “Sell” Rating

Wall Street Zen upgraded shares of Composecure (NYSE:GPGI) from a strong sell rating to a sell rating in a research report report published on Saturday.

A number of other equities research analysts also recently commented on the company. Zacks Research downgraded Composecure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Needham & Company LLC reiterated a “buy” rating on shares of Composecure in a report on Wednesday, March 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Composecure in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. cut their price objective on Composecure from $22.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.00.

Composecure Price Performance

Shares of NYSE GPGI opened at $14.51 on Friday. The business’s 50 day moving average price is $13.58. The firm has a market cap of $4.20 billion, a P/E ratio of -6.04 and a beta of 0.84. Composecure has a 1 year low of $11.22 and a 1 year high of $26.78.

Composecure (NYSE:GPGI) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $421.20 million for the quarter. During the same quarter in the previous year, the firm posted $0.25 earnings per share. As a group, equities research analysts forecast that Composecure will post 0.9 earnings per share for the current fiscal year.

Composecure Dividend Announcement

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

Insiders Place Their Bets

In other Composecure news, insider Kurt Schoen acquired 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $12.58 per share, for a total transaction of $50,320.00. Following the completion of the acquisition, the insider owned 586,317 shares of the company’s stock, valued at approximately $7,375,867.86. This trade represents a 0.69% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Krishna Mikkilineni acquired 8,106 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $12.34 per share, with a total value of $100,028.04. Following the acquisition, the director directly owned 10,804 shares of the company’s stock, valued at approximately $133,321.36. This represents a 300.44% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 105,237 shares of company stock valued at $1,245,734. 18.40% of the stock is owned by company insiders.

Composecure News Roundup

Here are the key news stories impacting Composecure this week:

• Positive Sentiment: No clearly positive company-specific news was reported in the provided articles.
• Neutral Sentiment: Several firms, including Robbins LLP, Rosen Law Firm, and others, issued reminders about lead-plaintiff deadlines and investor rights in the existing class-action case. Article Title
• Neutral Sentiment: Composecure also had a prior analyst downgrade from Zacks Research from “strong-buy” to “hold,” which may add some sentiment pressure but is less significant than the legal developments. Article Title
• Negative Sentiment: A class-action lawsuit has been filed against Composecure, Inc. (GPGI) and its officers, with multiple firms urging affected shareholders to join or seek recovery, increasing uncertainty and potential legal costs. Article Title
• Negative Sentiment: Additional securities-fraud investigations were announced by several plaintiff firms, suggesting the legal overhang could continue to weigh on the shares. Article Title

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.