Wellington Management Group LLP Has $3.25 Million Stock Position in CompoSecure, Inc. (NASDAQ:CMPO)

Wellington Management Group LLP raised its stake in CompoSecure, Inc. (NASDAQ:CMPO) by 69.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 601,548 shares of the company’s stock after acquiring an additional 246,094 shares during the quarter. Wellington Management Group LLP owned about 0.76% of CompoSecure worth $3,248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Cannell Capital LLC grew its stake in shares of CompoSecure by 70.0% during the third quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock valued at $11,410,000 after purchasing an additional 728,424 shares during the last quarter. Grizzlyrock Capital LLC bought a new position in CompoSecure in the 4th quarter valued at $3,223,000. Finally, Kerrisdale Advisers LLC acquired a new stake in shares of CompoSecure in the 3rd quarter valued at $267,000. 37.56% of the stock is owned by institutional investors.

CompoSecure Price Performance

Shares of CMPO stock opened at $6.80 on Monday. The stock has a market cap of $548.01 million, a PE ratio of 7.01 and a beta of 0.70. The stock has a 50-day moving average of $6.60 and a 200-day moving average of $5.99. CompoSecure, Inc. has a one year low of $4.61 and a one year high of $8.16.

CompoSecure (NASDAQ:CMPO) last issued its earnings results on Monday, May 6th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $104.01 million during the quarter, compared to the consensus estimate of $98.20 million. CompoSecure had a net margin of 5.14% and a negative return on equity of 11.00%. As a group, research analysts anticipate that CompoSecure, Inc. will post 1.09 earnings per share for the current year.

CompoSecure Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, June 11th. Shareholders of record on Monday, May 20th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, May 17th.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMPO. B. Riley upped their price target on CompoSecure from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Benchmark raised their target price on shares of CompoSecure from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of CompoSecure in a research report on Tuesday, May 7th. Finally, Lake Street Capital started coverage on shares of CompoSecure in a report on Thursday. They issued a “buy” rating and a $12.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.17.

Insider Buying and Selling at CompoSecure

In other news, Director Michele Logan sold 2,968,065 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $6.50, for a total transaction of $19,292,422.50. Following the sale, the director now owns 20,829 shares of the company’s stock, valued at $135,388.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Michele Logan sold 2,968,065 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $6.50, for a total transaction of $19,292,422.50. Following the completion of the sale, the director now owns 20,829 shares of the company’s stock, valued at $135,388.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Llr Equity Partners Iv, L.P. sold 4,752,150 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $6.50, for a total transaction of $30,888,975.00. The disclosure for this sale can be found here. Insiders own 74.99% of the company’s stock.

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.