MetLife Investment Management LLC Buys New Holdings in CompoSecure, Inc. (NASDAQ:CMPO)

MetLife Investment Management LLC purchased a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO) in the 3rd quarter, Holdings Channel reports. The firm purchased 14,622 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors also recently modified their holdings of the company. Pacific Ridge Capital Partners LLC lifted its holdings in CompoSecure by 146.9% during the 2nd 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 last quarter. Rice Hall James & Associates LLC acquired a new position in CompoSecure in the third quarter valued at approximately $3,766,000. Renaissance Technologies LLC increased its stake in CompoSecure by 165.4% in the second quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock valued at $1,424,000 after purchasing an additional 130,489 shares during the last quarter. Islay Capital Management LLC acquired a new stake in CompoSecure during the third quarter worth approximately $633,000. Finally, Bailard Inc. purchased a new stake in shares of CompoSecure during the 2nd quarter worth approximately $259,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

CompoSecure Stock Down 0.2 %

Shares of NASDAQ:CMPO opened at $16.16 on Monday. CompoSecure, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $16.68. The firm’s 50-day simple moving average is $14.99 and its 200-day simple moving average is $11.12. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -36.73, a PEG ratio of 1.27 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings data on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business 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 quarter in the previous year, the company posted $0.24 EPS. On average, research analysts forecast that CompoSecure, Inc. will post 1.02 EPS for the current year.

Analyst Ratings Changes

CMPO has been the topic of several research analyst reports. Compass Point lifted their price target 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. 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 price target on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price objective on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $16.00 target price on shares of CompoSecure in a research 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 stock. Based on data from MarketBeat.com, CompoSecure currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.36.

Insider Activity at CompoSecure

In other CompoSecure news, CEO Jonathan Wilk sold 618,014 shares of CompoSecure stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the completion of the transaction, the chief executive officer now owns 618,013 shares in the company, valued at approximately $4,665,998.15. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam Joseph Lowe sold 5,730 shares of the 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,666,590 shares of company stock valued at $80,774,821 in the last ninety days. Corporate insiders own 74.99% of the company’s stock.

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.