Issuer Direct (NYSE:ISDR) Shares Up 2.9% – Here’s Why

Issuer Direct Co. (NYSE:ISDR)’s share price shot up 2.9% during mid-day trading on Wednesday . The company traded as high as $11.11 and last traded at $10.39. 21,818 shares traded hands during trading, an increase of 87% from the average session volume of 11,648 shares. The stock had previously closed at $10.10.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Issuer Direct in a research report on Monday, October 14th. They set a “hold” rating on the stock.

Issuer Direct Stock Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $39.79 million, a P/E ratio of -64.94 and a beta of 0.77. The company’s 50 day moving average price is $10.68 and its 200-day moving average price is $9.89.

Issuer Direct (NYSE:ISDR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $7.69 million during the quarter, compared to analyst estimates of $7.62 million. Issuer Direct had a negative net margin of 1.97% and a positive return on equity of 5.86%. Equities analysts forecast that Issuer Direct Co. will post 0.54 EPS for the current fiscal year.

Insider Activity at Issuer Direct

In other Issuer Direct news, major shareholder Topline Capital Partners, Lp acquired 4,114 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were acquired at an average cost of $9.76 per share, with a total value of $40,152.64. Following the completion of the acquisition, the insider now directly owns 709,264 shares in the company, valued at $6,922,416.64. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Topline Capital Management, Ll acquired 19,826 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average cost of $9.65 per share, for a total transaction of $191,320.90. Following the completion of the transaction, the insider now owns 705,150 shares in the company, valued at approximately $6,804,697.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Topline Capital Partners, Lp acquired 4,114 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was bought at an average price of $9.76 per share, for a total transaction of $40,152.64. Following the completion of the transaction, the insider now owns 709,264 shares of the company’s stock, valued at $6,922,416.64. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 26.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Issuer Direct stock. Bard Associates Inc. raised its holdings in shares of Issuer Direct Co. (NYSE:ISDR) by 14.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,805 shares of the company’s stock after acquiring an additional 16,620 shares during the period. Bard Associates Inc. owned about 3.49% of Issuer Direct worth $1,599,000 at the end of the most recent reporting period. Hedge funds and other 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 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.