Garden State Investment Advisory Services LLC Acquires New Stake 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, Holdings Channel reports. The firm bought 41,200 shares of the company’s stock, valued at approximately $492,000.

Separately, Bard Associates Inc. increased its holdings in Issuer Direct by 14.2% in the 3rd quarter. Bard Associates Inc. now owns 133,805 shares of the company’s stock worth $1,599,000 after acquiring an additional 16,620 shares during the last quarter. Institutional investors own 50.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Issuer Direct in a report on Wednesday, November 27th. They set a “hold” rating on the stock.

Issuer Direct Stock Performance

Shares of ISDR stock opened at $10.00 on Monday. The firm’s 50 day moving average is $10.32 and its 200 day moving average is $9.71. The stock has a market capitalization of $38.34 million, a P/E ratio of -28.57 and a beta of 0.77. Issuer Direct Co. has a 12 month low of $7.61 and a 12 month 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.

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.