Issuer Direct (NYSE:ISDR) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Issuer Direct (NYSE:ISDR) in a research report released on Sunday morning. The brokerage issued a buy rating on the stock.

Issuer Direct Stock Performance

Shares of ISDR opened at $11.53 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $44.04 million, a price-to-earnings ratio of 57.67 and a beta of 0.86. The company’s 50 day simple moving average is $13.42 and its 200 day simple moving average is $15.21. Issuer Direct has a 1 year low of $11.50 and a 1 year high of $23.40.

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. The company had revenue of $7.54 million for the quarter, compared to the consensus estimate of $8.20 million. Issuer Direct had a net margin of 2.29% and a return on equity of 10.90%. On average, sell-side analysts predict that Issuer Direct will post 0.79 EPS for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Issuer Direct

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Issuer Direct by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 151,459 shares of the company’s stock worth $2,746,000 after acquiring an additional 2,410 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of Issuer Direct by 35.0% in the third quarter. Punch & Associates Investment Management Inc. now owns 87,795 shares of the company’s stock worth $1,651,000 after acquiring an additional 22,763 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Issuer Direct by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 34,738 shares of the company’s stock valued at $653,000 after purchasing an additional 955 shares in the last quarter. BlackRock Inc. grew its holdings in Issuer Direct by 19.9% during the 2nd quarter. BlackRock Inc. now owns 10,328 shares of the company’s stock valued at $194,000 after purchasing an additional 1,716 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Issuer Direct by 20.0% during the 2nd quarter. Geode Capital Management LLC now owns 26,923 shares of the company’s stock valued at $506,000 after purchasing an additional 4,494 shares in the last quarter. Institutional investors and hedge funds own 50.02% of the company’s stock.

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.