CompoSecure, Inc. (NASDAQ:CMPO) Holdings Raised by Fmr LLC

Fmr LLC boosted its holdings in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 693.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,900 shares of the company’s stock after acquiring an additional 5,156 shares during the quarter. Fmr LLC’s holdings in CompoSecure were worth $83,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMPO. Sandia Investment Management LP bought a new stake in CompoSecure in the second quarter worth $68,000. nVerses Capital LLC acquired a new position in CompoSecure in the third quarter worth about $72,000. CWM LLC lifted its holdings in shares of CompoSecure by 42.0% during the third quarter. CWM LLC now owns 5,192 shares of the company’s stock valued at $73,000 after acquiring an additional 1,536 shares during the period. Wolverine Asset Management LLC bought a new position in shares of CompoSecure in the third quarter valued at approximately $74,000. Finally, Ritholtz Wealth Management acquired a new position in CompoSecure during the 2nd quarter worth about $84,000. Hedge funds and other institutional investors own 37.56% of the company’s stock.

CompoSecure Stock Performance

CompoSecure stock opened at $15.83 on Tuesday. The stock has a market capitalization of $1.40 billion, a P/E ratio of -35.98, a price-to-earnings-growth ratio of 2.65 and a beta of 0.76. CompoSecure, Inc. has a 52 week low of $4.61 and a 52 week high of $17.03. The stock has a fifty day moving average of $15.43 and a 200-day moving average of $11.81.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of CompoSecure in a research note on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Benchmark reissued a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. B. Riley raised their price objective on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Lake Street Capital boosted their price target on CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.81.

Insider Activity

In related news, insider Adam Joseph Lowe sold 66,350 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $15.91, for a total transaction of $1,055,628.50. Following the transaction, the insider now directly owns 1,358,692 shares of the company’s stock, valued at $21,616,789.72. This trade represents a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Gregoire Maes sold 55,137 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.40, for a total value of $904,246.80. Following the sale, the chief operating officer now directly owns 762,009 shares of the company’s stock, valued at $12,496,947.60. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 180,660 shares of company stock valued at $2,921,066 in the last ninety days. 74.99% of the stock is owned by company insiders.

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.