CompoSecure, Inc. (NASDAQ:CMPO) Short Interest Up 22.5% in August

CompoSecure, Inc. (NASDAQ:CMPO) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 10,140,000 shares, an increase of 22.5% from the August 15th total of 8,280,000 shares. Based on an average trading volume of 642,500 shares, the short-interest ratio is currently 15.8 days. Currently, 43.4% of the shares of the company are sold short.

Insider Activity at CompoSecure

In other news, insider Adam Joseph Lowe sold 5,730 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total value of $69,046.50. Following the transaction, the insider now directly owns 1,292,219 shares of the company’s stock, valued at $15,571,238.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CRO Amanda Mandy Gourbault sold 130,859 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $11.08, for a total value of $1,449,917.72. Following the completion of the transaction, the executive now owns 908,641 shares of the company’s stock, valued at approximately $10,067,742.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam Joseph Lowe sold 5,730 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total value of $69,046.50. Following the sale, the insider now directly owns 1,292,219 shares in the company, valued at $15,571,238.95. The disclosure for this sale can be found here. Insiders have sold a total of 231,589 shares of company stock valued at $2,568,664 in the last ninety days. Company insiders own 74.99% of the company’s stock.

Institutional Trading of CompoSecure

Institutional investors have recently added to or reduced their stakes in the stock. Grizzlyrock Capital LLC acquired a new position in CompoSecure in the 4th quarter valued at about $3,223,000. Wellington Management Group LLP increased its stake in CompoSecure by 69.2% during the 4th quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock worth $3,248,000 after buying an additional 246,094 shares during the period. GSA Capital Partners LLP lifted its holdings in CompoSecure by 87.9% during the 1st quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock worth $751,000 after buying an additional 48,586 shares in the last quarter. Pacific Ridge Capital Partners LLC purchased a new position in CompoSecure in the 1st quarter valued at approximately $1,424,000. Finally, Vanguard Group Inc. boosted its position in CompoSecure by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock valued at $6,098,000 after buying an additional 13,081 shares during the period. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Price Performance

Shares of CMPO stock traded up $0.06 during trading on Tuesday, hitting $12.40. 166,813 shares of the stock traded hands, compared to its average volume of 393,072. CompoSecure has a 52-week low of $4.61 and a 52-week high of $12.60. The firm has a market capitalization of $999.33 million, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 0.88 and a beta of 0.76. The firm’s fifty day moving average price is $9.88 and its 200-day moving average price is $7.72.

CompoSecure (NASDAQ:CMPO) last posted its earnings results on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $108.57 million for the quarter, compared to the consensus estimate of $102.22 million. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. During the same quarter in the previous year, the business earned $0.25 earnings per share. As a group, equities research analysts expect that CompoSecure will post 1.1 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Needham & Company LLC upped their price objective on shares of CompoSecure from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Bank of America increased their price target on CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Benchmark upped their target price on CompoSecure from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Compass Point boosted their price target on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, CompoSecure presently has a consensus rating of “Moderate Buy” and an average target price of $13.50.

About CompoSecure

CompoSecure, Inc manufactures and designs metal, composite, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.