Janus Henderson Group PLC Boosts Stock Holdings in CompoSecure, Inc. (NASDAQ:CMPO)

Janus Henderson Group PLC raised its holdings in CompoSecure, Inc. (NASDAQ:CMPO) by 43.9% during the third quarter, Holdings Channel.com reports. The firm owned 17,682 shares of the company’s stock after purchasing an additional 5,396 shares during the quarter. Janus Henderson Group PLC’s holdings in CompoSecure were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in CompoSecure by 205.9% during the second quarter. CWM LLC now owns 3,656 shares of the company’s stock worth $25,000 after buying an additional 2,461 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of CompoSecure during the 3rd quarter valued at approximately $72,000. Wolverine Asset Management LLC purchased a new stake in shares of CompoSecure during the 3rd quarter worth approximately $74,000. FMR LLC grew its holdings in shares of CompoSecure by 693.0% in the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after acquiring an additional 5,156 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in CompoSecure in the 3rd quarter valued at approximately $140,000. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Price Performance

NASDAQ:CMPO opened at $16.55 on Monday. CompoSecure, Inc. has a 1-year low of $4.61 and a 1-year high of $16.80. The firm has a 50 day simple moving average of $15.24 and a 200-day simple moving average of $11.47. The firm has a market cap of $1.46 billion, a PE ratio of -37.61, a P/E/G ratio of 2.65 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The business had revenue of $107.14 million for the quarter, compared to analysts’ expectations of $105.11 million. During the same period in the prior year, the company earned $0.24 EPS. As a group, sell-side analysts expect that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jonathan Wilk sold 618,014 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Gregoire Maes sold 55,137 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.40, for a total transaction of $904,246.80. Following the sale, the chief operating officer now owns 762,009 shares of the company’s stock, valued at approximately $12,496,947.60. This represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,816,657 shares of company stock worth $83,222,844. 74.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Lake Street Capital upped their target price on CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Compass Point raised their target price on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a report on Tuesday, August 20th. 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. B. Riley raised their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. upped 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. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.36.

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.