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

StockNews.com started coverage on shares of Issuer Direct (NYSE:ISDR) in a research note released on Monday. The firm issued a buy rating on the stock.

Issuer Direct Stock Down 4.2 %

Shares of Issuer Direct stock opened at $11.45 on Monday. Issuer Direct has a 52-week low of $11.31 and a 52-week high of $23.40. The company has a 50 day moving average of $13.00 and a 200 day moving average of $14.97. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $43.74 million, a P/E ratio of 57.25 and a beta of 0.86.

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

Insider Buying and Selling

In related news, major shareholder Topline Capital Partners, Lp acquired 10,498 shares of Issuer Direct stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $11.90 per share, for a total transaction of $124,926.20. Following the transaction, the insider now owns 556,051 shares of the company’s stock, valued at $6,617,006.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Topline Capital Partners, Lp acquired 10,498 shares of Issuer Direct stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $11.90 per share, for a total transaction of $124,926.20. Following the transaction, the insider now owns 556,051 shares of the company’s stock, valued at $6,617,006.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Graeme P. Rein acquired 4,131 shares of Issuer Direct stock in a transaction dated Thursday, March 21st. The shares were bought at an average price of $11.98 per share, with a total value of $49,489.38. Following the transaction, the director now directly owns 201,745 shares in the company, valued at approximately $2,416,905.10. The disclosure for this purchase can be found here. Insiders bought 27,743 shares of company stock worth $330,683 over the last 90 days. 26.08% of the stock is owned by insiders.

Hedge Funds Weigh In On Issuer Direct

An institutional investor recently raised its position in Issuer Direct stock. Punch & Associates Investment Management Inc. increased its holdings in Issuer Direct Co. (NYSE:ISDR) by 35.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,795 shares of the company’s stock after acquiring an additional 22,763 shares during the quarter. Punch & Associates Investment Management Inc. owned approximately 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 and hedge funds.

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.