Topline Capital Partners, Lp Acquires 22,469 Shares of Issuer Direct Co. (NYSE:ISDR) Stock

Issuer Direct Co. (NYSE:ISDR) major shareholder Topline Capital Partners, Lp bought 22,469 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was bought at an average price of $7.83 per share, with a total value of $175,932.27. Following the transaction, the insider now owns 685,324 shares in the company, valued at $5,366,086.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Topline Capital Partners, Lp also recently made the following trade(s):

• On Tuesday, May 28th, Topline Capital Partners, Lp bought 36,559 shares of Issuer Direct stock. The stock was bought at an average price of $9.46 per share, with a total value of $345,848.14.
• On Tuesday, May 14th, Topline Capital Partners, Lp bought 30,000 shares of Issuer Direct stock. The stock was bought at an average price of $9.97 per share, with a total value of $299,100.00.

Issuer Direct Stock Down 0.3 %

Issuer Direct stock opened at $7.85 on Friday. The company has a market capitalization of $29.97 million, a P/E ratio of 39.23 and a beta of 0.78. The firm’s fifty day simple moving average is $9.95 and its 200-day simple moving average is $12.92. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42. Issuer Direct Co. has a 1-year low of $7.61 and a 1-year high of $23.40.

Issuer Direct (NYSE:ISDR) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.11). The business had revenue of $6.96 million for the quarter, compared to the consensus estimate of $8.63 million. Issuer Direct had a net margin of 2.43% and a return on equity of 9.01%. Sell-side analysts forecast that Issuer Direct Co. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Issuer Direct in a report on Monday, June 24th. They set a “buy” rating on the 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 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.