Zacks Investment Research Downgrades Issuer Direct (NYSEAMERICAN:ISDR) to Hold

Issuer Direct (NYSEAMERICAN:ISDRGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “ISSUER DIRECT CORPORATION operates under several brands in the market, including Elite Financial Press, My EDGAR, Bassett Press, Edgarization, The Edgar Service Bureau, iProxy Direct, Issuer Logistics, Comply, Shareholder Direct, and Audit Ready. As an issuer services focused company, Issuer Direct Corporation helps companies produce and distribute their financial and business communications both online and in print. The Company leverages its securities compliance and regulatory expertise to provide a comprehensive set of services that enhance a client’s ability to communicate effectively with its shareholder base while meeting all reporting regulations required. “

NYSEAMERICAN ISDR opened at $24.50 on Thursday. Issuer Direct has a 12-month low of $22.11 and a 12-month high of $33.06. The firm has a market capitalization of $92.93 million, a P/E ratio of 31.41 and a beta of 0.78.

Issuer Direct (NYSEAMERICAN:ISDRGet Rating) last posted its quarterly earnings results on Thursday, March 3rd. The information technology services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.03). Issuer Direct had a net margin of 14.32% and a return on equity of 10.87%. The business had revenue of $5.72 million during the quarter, compared to analyst estimates of $5.46 million. Equities analysts forecast that Issuer Direct will post 0.92 earnings per share for the current year.

In other Issuer Direct news, Director William H. Everett sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $27.26, for a total transaction of $54,520.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Steven Winfield Knerr sold 2,500 shares of Issuer Direct stock in a transaction on Friday, March 18th. The stock was sold at an average price of $26.77, for a total value of $66,925.00. The disclosure for this sale can be found here. 32.05% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Issuer Direct by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 39,803 shares of the information technology services provider’s stock valued at $1,172,000 after acquiring an additional 390 shares during the period. Morgan Stanley raised its stake in Issuer Direct by 144.6% in the 2nd quarter. Morgan Stanley now owns 1,118 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 661 shares during the period. BlackRock Inc. raised its stake in Issuer Direct by 7.3% in the 4th quarter. BlackRock Inc. now owns 12,448 shares of the information technology services provider’s stock valued at $367,000 after acquiring an additional 849 shares during the period. Acadian Asset Management LLC raised its stake in Issuer Direct by 11.9% in the 4th quarter. Acadian Asset Management LLC now owns 17,758 shares of the information technology services provider’s stock valued at $522,000 after acquiring an additional 1,892 shares during the period. Finally, Navellier & Associates Inc. grew its holdings in Issuer Direct by 25.0% during the 4th quarter. Navellier & Associates Inc. now owns 16,509 shares of the information technology services provider’s stock valued at $486,000 after buying an additional 3,301 shares in the last quarter. Institutional investors own 24.03% of the company’s stock.

Issuer Direct Company Profile (Get Rating)

Issuer Direct Corporation provides shareholder communications and compliance platforms, technologies, and services in the United States and internationally. The company provides Platform id., a platform that manages the events of customers to distribute their messages to constituents, investors, markets, and regulatory systems; whistleblower hotline, which delivers secure notifications and basic incident workflow management processes that align with a company's corporate governance whistleblower policy; proxy module, a real-time voting platform for customers and their shareholders of record; and stock transfer module, a cloud-based platform, which provides access to real-time information about their shareholders, stock ledgers, and reports, as well as issues new shares.

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