45,154 Shares in CompoSecure, Inc. (NASDAQ:CMPO) Acquired by Islay Capital Management LLC

Islay Capital Management LLC purchased a new stake in CompoSecure, Inc. (NASDAQ:CMPO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 45,154 shares of the company’s stock, valued at approximately $633,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its stake in shares of CompoSecure by 205.9% in the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after acquiring an additional 2,461 shares during the period. Sandia Investment Management LP acquired a new stake in CompoSecure in the 2nd quarter valued at $68,000. nVerses Capital LLC purchased a new position in CompoSecure in the third quarter valued at about $72,000. Wolverine Asset Management LLC acquired a new position in shares of CompoSecure during the third quarter worth about $74,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of CompoSecure in the second quarter worth about $84,000. 37.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Benchmark reiterated a “buy” rating and set a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th. Lake Street Capital lifted their price objective 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. Compass Point upped their target price on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research note on Tuesday, August 20th. B. Riley lifted their price target on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, CompoSecure has a consensus rating of “Moderate Buy” and an average price target of $15.79.

Insiders Place Their Bets

In other CompoSecure 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 transaction of $69,046.50. Following the sale, the insider now directly owns 1,292,219 shares of the company’s stock, valued at approximately $15,571,238.95. This represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jonathan Wilk sold 618,014 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the completion of the transaction, the chief executive officer now owns 618,013 shares in the company, valued at approximately $4,665,998.15. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,641,727 shares of company stock valued at $80,370,824 in the last quarter. Insiders own 74.99% of the company’s stock.

CompoSecure Price Performance

CMPO opened at $13.81 on Monday. CompoSecure, Inc. has a 12-month low of $4.61 and a 12-month high of $16.14. The stock has a market capitalization of $1.22 billion, a PE ratio of -31.39, a P/E/G ratio of 1.09 and a beta of 0.76. The firm’s fifty day moving average price is $14.11 and its 200 day moving average price is $10.18.

CompoSecure (NASDAQ:CMPO) last issued its earnings results on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $107.14 million during the quarter, compared to analyst estimates of $105.11 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. During the same quarter last year, the company posted $0.24 EPS. On average, equities research analysts forecast that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

CompoSecure 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.