Composecure’s (GPGI) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Composecure (NYSE:GPGI) in a research report report published on Wednesday,Benzinga reports.

Separately, Weiss Ratings began coverage on Composecure in a research note on Monday, March 16th. They issued a “sell (d-)” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Composecure presently has a consensus rating of “Hold”.

Composecure Price Performance

Shares of GPGI opened at $18.47 on Wednesday. Composecure has a fifty-two week low of $9.24 and a fifty-two week high of $26.78. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 20.70 and a beta of 1.00.

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

Insider Buying and Selling

In related news, insider Kurt Schoen purchased 3,000 shares of Composecure stock in a transaction that occurred on Tuesday, March 17th. The shares were purchased at an average cost of $17.00 per share, with a total value of $51,000.00. Following the transaction, the insider owned 3,000 shares of the company’s stock, valued at approximately $51,000. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jane J. Thompson sold 13,667 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $16.91, for a total transaction of $231,108.97. Following the completion of the sale, the director directly owned 83,813 shares of the company’s stock, valued at $1,417,277.83. This trade represents a 14.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders purchased 52,800 shares of company stock worth $901,700 over the last three months. 52.10% of the stock is currently owned by corporate insiders.

Composecure Company Profile

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.