Issuer Direct Co. (NYSE:ISDR) Director Buys $49,489.38 in Stock

Issuer Direct Co. (NYSE:ISDR) Director Graeme P. Rein bought 4,131 shares of the stock in a transaction on Thursday, March 21st. The shares were acquired at an average cost of $11.98 per share, for a total transaction of $49,489.38. Following the acquisition, the director now directly owns 201,745 shares in the company, valued at $2,416,905.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Issuer Direct Trading Up 4.3 %

Issuer Direct stock opened at $13.42 on Thursday. The stock has a market cap of $51.26 million, a P/E ratio of 67.10 and a beta of 0.88. Issuer Direct Co. has a fifty-two week low of $11.50 and a fifty-two week high of $23.40. The firm’s fifty day moving average price is $14.42 and its 200-day moving average price is $16.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 0.91.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Issuer Direct in a report on Wednesday. They issued a “buy” rating on the stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Issuer Direct by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 42,429 shares of the company’s stock valued at $1,261,000 after acquiring an additional 2,626 shares during the last quarter. Vanguard Group Inc. increased its stake in Issuer Direct by 0.9% in the first quarter. Vanguard Group Inc. now owns 167,671 shares of the company’s stock valued at $4,985,000 after acquiring an additional 1,487 shares during the last quarter. State Street Corp increased its stake in Issuer Direct by 15.1% in the first quarter. State Street Corp now owns 7,998 shares of the company’s stock valued at $238,000 after acquiring an additional 1,050 shares during the last quarter. Renaissance Technologies LLC increased its stake in Issuer Direct by 25.0% in the second quarter. Renaissance Technologies LLC now owns 39,038 shares of the company’s stock valued at $994,000 after acquiring an additional 7,800 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Issuer Direct by 97.1% in the third quarter. Tower Research Capital LLC TRC now owns 1,867 shares of the company’s stock valued at $37,000 after acquiring an additional 920 shares during the last quarter. Institutional investors own 50.02% of the company’s stock.

About Issuer Direct

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 VisualWebcaster 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.