Renaissance Technologies LLC Lowers Stock Holdings in Issuer Direct Co. (NYSE:ISDR)

Renaissance Technologies LLC lowered its position in shares of Issuer Direct Co. (NYSE:ISDR) by 16.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,338 shares of the company’s stock after selling 7,500 shares during the period. Renaissance Technologies LLC’s holdings in Issuer Direct were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

Insiders Place Their Bets

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

Issuer Direct Price Performance

Shares of ISDR opened at $10.26 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.39. Issuer Direct Co. has a twelve month low of $7.61 and a twelve month high of $19.03. The company has a market capitalization of $39.30 million, a P/E ratio of -61.63 and a beta of 0.74. The firm has a 50 day moving average of $10.26 and a 200 day moving average of $10.18.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Issuer Direct in a research report on Sunday, October 6th. They set a “buy” rating for the company.

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.