CompoSecure (NASDAQ:CMPO) Sets New 52-Week High at $14.20

CompoSecure, Inc. (NASDAQ:CMPO)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $14.20 and last traded at $14.20, with a volume of 72231 shares traded. The stock had previously closed at $13.82.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CMPO. 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 note on Tuesday, August 20th. Compass Point boosted their price objective on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Benchmark lifted their price target on shares of CompoSecure from $12.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Bank of America increased their price objective on shares of CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Lake Street Capital started coverage on shares of CompoSecure in a research report on Thursday, June 27th. They set a “buy” rating and a $12.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, CompoSecure has an average rating of “Moderate Buy” and a consensus price target of $14.21.

CompoSecure Price Performance

The company’s 50 day simple moving average is $10.93 and its 200 day simple moving average is $8.23. The company has a market capitalization of $1.13 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.00 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. CompoSecure had a net margin of 6.33% and a negative return on equity of 11.78%. The firm had revenue of $108.57 million for the quarter, compared to analyst estimates of $102.22 million. During the same period last year, the business earned $0.25 EPS. On average, equities analysts forecast that CompoSecure, Inc. will post 1.1 EPS for the current year.

Insider Buying and Selling

In other news, Director Michele Logan sold 10,017,983 shares of CompoSecure stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $75,635,771.65. Following the transaction, the director now directly owns 2,043,320 shares of the company’s stock, valued at approximately $15,427,066. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CompoSecure news, CEO Jonathan Wilk sold 618,014 shares of CompoSecure stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $4,666,005.70. Following the transaction, the chief executive officer now directly owns 618,013 shares in the company, valued at approximately $4,665,998.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the transaction, the director now directly owns 2,043,320 shares in the company, valued at approximately $15,427,066. The disclosure for this sale can be found here. Insiders have sold 10,867,586 shares of company stock worth $82,870,442 in the last quarter. 74.99% of the stock is owned by insiders.

Institutional Investors Weigh In On CompoSecure

Several hedge funds have recently modified their holdings of the stock. Grizzlyrock Capital LLC purchased a new stake in CompoSecure in the 4th quarter valued at approximately $3,223,000. Pacific Ridge Capital Partners LLC purchased a new stake in shares of CompoSecure in the first quarter valued at approximately $1,424,000. Boston Partners grew its holdings in CompoSecure by 40.8% during the first quarter. Boston Partners now owns 557,136 shares of the company’s stock worth $4,028,000 after acquiring an additional 161,333 shares during the period. Bailard Inc. acquired a new position in CompoSecure during the second quarter worth $259,000. Finally, GSA Capital Partners LLP raised its position in CompoSecure by 87.9% in the first quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock worth $751,000 after acquiring an additional 48,586 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.