Issuer Direct (NYSE:ISDR) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Issuer Direct (NYSE:ISDR) in a research note issued to investors on Monday. The brokerage set a “buy” rating on the stock.

Issuer Direct Stock Up 3.1 %

ISDR opened at $11.95 on Monday. Issuer Direct has a fifty-two week low of $11.45 and a fifty-two week high of $23.40. The business has a 50-day moving average of $13.07 and a 200-day moving average of $15.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $45.65 million, a PE ratio of 59.75 and a beta of 0.86.

Issuer Direct (NYSE:ISDR) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. Issuer Direct had a return on equity of 10.90% and a net margin of 2.29%. The company had revenue of $7.54 million during the quarter, compared to the consensus estimate of $8.20 million. Equities research analysts forecast that Issuer Direct will post 0.79 EPS for the current fiscal year.

Insider Transactions at Issuer Direct

In other news, major shareholder Topline Capital Partners, Lp purchased 10,498 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of $11.90 per share, with a total value of $124,926.20. Following the purchase, the insider now directly owns 556,051 shares of the company’s stock, valued at $6,617,006.90. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Graeme P. Rein acquired 12,614 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were acquired at an average cost of $11.91 per share, with a total value of $150,232.74. Following the purchase, the director now owns 197,614 shares of the company’s stock, valued at $2,353,582.74. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Topline Capital Partners, Lp acquired 10,498 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average cost of $11.90 per share, for a total transaction of $124,926.20. Following the completion of the purchase, the insider now directly owns 556,051 shares in the company, valued at approximately $6,617,006.90. The disclosure for this purchase can be found here. Insiders bought 27,743 shares of company stock valued at $330,683 in the last three months. Corporate insiders own 26.08% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Issuer Direct stock. Punch & Associates Investment Management Inc. raised its holdings in Issuer Direct Co. (NYSE:ISDR) by 35.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,795 shares of the company’s stock after buying an additional 22,763 shares during the quarter. Punch & Associates Investment Management Inc. owned 2.30% of Issuer Direct worth $1,651,000 at the end of the most recent quarter. 50.02% of the stock is currently owned by institutional investors.

Issuer Direct Company Profile

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.