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

Investment analysts at StockNews.com assumed coverage on shares of Issuer Direct (NYSE:ISDR) in a report released on Sunday. The firm set a “buy” rating on the stock.

Issuer Direct Stock Down 0.5 %

Shares of NYSE ISDR opened at $11.53 on Friday. Issuer Direct has a one year low of $11.50 and a one year high of $23.40. 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 business’s fifty day moving average price is $13.42 and its 200-day moving average price is $15.23. The stock has a market capitalization of $44.06 million, a PE ratio of 57.67 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 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. Issuer Direct had a return on equity of 10.90% and a net margin of 2.29%. The firm had revenue of $7.54 million for the quarter, compared to analysts’ expectations of $8.20 million. On average, equities research analysts anticipate that Issuer Direct will post 0.79 EPS for the current year.

Insider Activity

In other news, major shareholder Topline Capital Partners, Lp purchased 10,498 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $11.90 per share, with a total value of $124,926.20. Following the transaction, the insider now directly owns 556,051 shares of the company’s stock, valued at $6,617,006.90. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, major shareholder Topline Capital Partners, Lp acquired 10,498 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $11.90 per share, with a total value of $124,926.20. Following the acquisition, the insider now owns 556,051 shares of the company’s stock, valued at approximately $6,617,006.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Graeme P. Rein acquired 4,131 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were bought 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 approximately $2,416,905.10. The disclosure for this purchase can be found here. Insiders have bought 27,743 shares of company stock valued at $330,683 in the last 90 days. Insiders own 26.08% of the company’s stock.

Hedge Funds Weigh In On Issuer Direct

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its stake in Issuer Direct by 97.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,867 shares of the company’s stock worth $37,000 after acquiring an additional 920 shares during the last quarter. State Street Corp increased its stake in Issuer Direct by 15.1% in the 1st quarter. State Street Corp now owns 7,998 shares of the company’s stock worth $238,000 after acquiring an additional 1,050 shares during the last quarter. BlackRock Inc. increased its stake in Issuer Direct by 19.9% in the 2nd quarter. BlackRock Inc. now owns 10,328 shares of the company’s stock worth $194,000 after acquiring an additional 1,716 shares during the last quarter. Geode Capital Management LLC increased its stake in Issuer Direct by 20.0% in the 2nd quarter. Geode Capital Management LLC now owns 26,923 shares of the company’s stock worth $506,000 after acquiring an additional 4,494 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Issuer Direct by 5.1% in the 1st quarter. Renaissance Technologies LLC now owns 33,783 shares of the company’s stock worth $710,000 after acquiring an additional 1,645 shares during the last 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.