Garden State Investment Advisory Services LLC Buys New Shares in Issuer Direct Co. (NYSE:ISDR)

Garden State Investment Advisory Services LLC bought a new position in Issuer Direct Co. (NYSE:ISDR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 41,200 shares of the company’s stock, valued at approximately $492,000.

Separately, Bard Associates Inc. raised its position in Issuer Direct by 14.2% during the 3rd quarter. Bard Associates Inc. now owns 133,805 shares of the company’s stock worth $1,599,000 after buying an additional 16,620 shares during the last quarter. 50.02% of the stock is owned by hedge funds and other institutional investors.

Issuer Direct Stock Performance

ISDR traded down $0.26 during midday trading on Friday, hitting $9.60. 11,514 shares of the company were exchanged, compared to its average volume of 4,861. The company’s 50 day simple moving average is $10.09 and its 200 day simple moving average is $9.71. The firm has a market capitalization of $36.77 million, a price-to-earnings ratio of 21.90 and a beta of 0.74. Issuer Direct Co. has a 1-year low of $7.61 and a 1-year high of $19.03. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Issuer Direct in a research note on Friday. They issued a “hold” rating on the stock.

Issuer Direct 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.