Harvest Fund Management Co. Ltd Buys New Position in CompoSecure, Inc. (NASDAQ:CMPO)

Harvest Fund Management Co. Ltd purchased a new position in CompoSecure, Inc. (NASDAQ:CMPO) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 9,978 shares of the company’s stock, valued at approximately $140,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. CWM LLC lifted its position in CompoSecure by 205.9% in the second quarter. CWM LLC now owns 3,656 shares of the company’s stock worth $25,000 after purchasing an additional 2,461 shares during the period. nVerses Capital LLC acquired a new stake in shares of CompoSecure in the third quarter valued at $72,000. Wolverine Asset Management LLC bought a new position in CompoSecure during the third quarter valued at about $74,000. Sandia Investment Management LP acquired a new position in CompoSecure during the second quarter worth about $68,000. Finally, Principal Financial Group Inc. bought a new stake in CompoSecure in the third quarter worth about $146,000. 37.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMPO. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a research note on Monday, November 11th. Lake Street Capital upped their price target on CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. increased their price objective on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Benchmark restated a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th. Finally, B. Riley upped their target price on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.79.

Insider Activity

In related news, insider Adam Joseph Lowe sold 5,730 shares of CompoSecure 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 completion of the sale, the insider now owns 1,292,219 shares of the company’s stock, valued at approximately $15,571,238.95. The trade was a 0.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michele Logan sold 10,017,983 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the transaction, the director now directly owns 2,043,320 shares in the company, valued at $15,427,066. The trade was a 83.06 % 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 worth $80,370,824 in the last ninety days. Corporate insiders own 74.99% of the company’s stock.

CompoSecure Stock Down 0.1 %

CMPO opened at $16.17 on Thursday. The firm has a market capitalization of $1.43 billion, a P/E ratio of -36.75, a PEG ratio of 1.24 and a beta of 0.76. CompoSecure, Inc. has a 12-month low of $4.61 and a 12-month high of $16.38. The stock has a fifty day moving average of $14.64 and a 200-day moving average of $10.63.

CompoSecure (NASDAQ:CMPO) last issued its earnings results on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business 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 in the prior year, the company earned $0.24 EPS. On average, analysts expect that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

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.