CompoSecure, Inc. (NASDAQ:CMPO) Position Lowered by Quarry LP

Quarry LP decreased its stake in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 63.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,041 shares of the company’s stock after selling 12,054 shares during the period. Quarry LP’s holdings in CompoSecure were worth $99,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of 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 during the last quarter. CWM LLC lifted its position in shares of CompoSecure by 42.0% during the third quarter. CWM LLC now owns 5,192 shares of the company’s stock worth $73,000 after purchasing an additional 1,536 shares during the last quarter. Bard Associates Inc. lifted its position 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 last quarter. Rhumbline Advisers lifted its holdings in CompoSecure by 17.3% in the second quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock worth $133,000 after acquiring an additional 2,877 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in CompoSecure in the third quarter worth about $72,000. Institutional investors own 37.56% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. B. Riley raised their target price on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Benchmark reissued a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th. Lake Street Capital raised 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. JPMorgan Chase & Co. raised their target price on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $16.00 price target on shares of CompoSecure in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.36.

Insider Activity at CompoSecure

In related news, COO Gregoire Maes sold 24,323 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total transaction of $395,248.75. Following the transaction, the chief operating officer now owns 762,009 shares in the company, valued at $12,382,646.25. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Joseph Lowe sold 5,730 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 1,292,219 shares in the company, valued at $15,571,238.95. This represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,666,590 shares of company stock worth $80,774,821 over the last quarter. 74.99% of the stock is currently owned by company insiders.

CompoSecure Trading Down 0.2 %

Shares of NASDAQ:CMPO opened at $16.16 on Friday. The firm’s 50 day moving average is $14.99 and its two-hundred day moving average is $11.09. CompoSecure, Inc. has a 52 week low of $4.61 and a 52 week high of $16.68. The firm has a market capitalization of $1.42 billion, a P/E ratio of -36.73, a PEG ratio of 1.27 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. The company had revenue of $107.14 million for the quarter, compared to analyst estimates of $105.11 million. During the same quarter in the prior year, the business earned $0.24 EPS. Analysts predict that CompoSecure, Inc. will post 1.02 EPS for the current year.

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.