CompoSecure (NASDAQ:CMPO) Sets New 12-Month High – Here’s What Happened

Shares of CompoSecure, Inc. (NASDAQ:CMPO) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $16.05 and last traded at $16.05, with a volume of 72583 shares traded. The stock had previously closed at $15.48.

Analyst Ratings Changes

Several brokerages recently issued reports on CMPO. Needham & Company LLC boosted their price objective on shares of CompoSecure from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Lake Street Capital boosted their price target on shares of CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Bank of America increased their price objective on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Compass Point boosted their target price on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, Benchmark raised their price target on CompoSecure from $12.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, CompoSecure presently has an average rating of “Moderate Buy” and a consensus target price of $15.07.

CompoSecure Price Performance

The company’s 50 day simple moving average is $13.75 and its 200 day simple moving average is $9.79. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 1.10 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $108.57 million during 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 period in the previous year, the company posted $0.25 earnings per share. As a group, analysts forecast that CompoSecure, Inc. will post 1.1 earnings per share for the current year.

Insider Activity at CompoSecure

In related news, insider Adam Joseph Lowe sold 5,730 shares of the stock in a transaction on Wednesday, September 11th. The shares were 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CompoSecure news, insider Adam Joseph Lowe sold 5,730 shares of CompoSecure stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total transaction of $69,046.50. Following the transaction, the insider now owns 1,292,219 shares of the company’s stock, valued at $15,571,238.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michele Logan sold 10,017,983 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the sale, the director now directly owns 2,043,320 shares of the company’s stock, valued at $15,427,066. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,867,586 shares of company stock valued at $82,870,442 over the last quarter. 74.99% of the stock is owned by insiders.

Institutional Investors Weigh In On CompoSecure

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bard Associates Inc. lifted its holdings in shares of CompoSecure by 0.6% during the third quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock worth $4,280,000 after purchasing an additional 1,957 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of CompoSecure in the 3rd quarter worth $74,000. Principal Financial Group Inc. purchased a new stake in shares of CompoSecure in the third quarter valued at about $146,000. Rice Hall James & Associates LLC purchased a new stake in shares of CompoSecure in the third quarter valued at about $3,766,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in CompoSecure by 1.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company’s stock worth $574,000 after purchasing an additional 701 shares in the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

CompoSecure Company Profile

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.