Insider Selling: CompoSecure, Inc. (NASDAQ:CMPO) Insider Sells $557,194.40 in Stock

CompoSecure, Inc. (NASDAQ:CMPO) insider Adam Joseph Lowe sold 34,310 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.24, for a total transaction of $557,194.40. Following the completion of the sale, the insider now directly owns 1,315,068 shares of the company’s stock, valued at $21,356,704.32. The trade was a 2.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Adam Joseph Lowe also recently made the following trade(s):

• On Monday, December 9th, Adam Joseph Lowe sold 66,350 shares of CompoSecure stock. The stock was sold at an average price of $15.91, for a total transaction of $1,055,628.50.
• On Wednesday, September 11th, Adam Joseph Lowe sold 5,730 shares of CompoSecure stock. The shares were sold at an average price of $12.05, for a total transaction of $69,046.50.

CompoSecure Trading Up 0.1 %

Shares of CMPO opened at $16.48 on Friday. The business’s 50-day moving average price is $15.19 and its 200 day moving average price is $11.33. The stock has a market capitalization of $1.45 billion, a P/E ratio of -37.45, a P/E/G ratio of 1.28 and a beta of 0.76. CompoSecure, Inc. has a 1-year low of $4.61 and a 1-year high of $16.80.

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

Wall Street Analyst Weigh In

CMPO has been the subject of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. B. Riley boosted their price target on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Compass Point lifted their price objective on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Finally, Lake Street Capital boosted their target price on shares of CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.36.

Institutional Trading of CompoSecure

Large investors have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC boosted its position in shares of CompoSecure by 146.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock worth $3,308,000 after buying an additional 289,451 shares during the period. Verition Fund Management LLC acquired a new stake in CompoSecure during the 3rd quarter worth about $798,000. Renaissance Technologies LLC grew its stake in CompoSecure by 165.4% during the 2nd quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock valued at $1,424,000 after acquiring an additional 130,489 shares in the last quarter. Bailard Inc. acquired a new position in shares of CompoSecure in the 2nd quarter valued at about $259,000. Finally, Rhumbline Advisers lifted its position in shares of CompoSecure by 17.3% in the second quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock worth $133,000 after purchasing an additional 2,877 shares in the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.

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.