Insider Selling: CompoSecure, Inc. (NASDAQ:CMPO) Insider Sells 66,350 Shares of Stock

CompoSecure, Inc. (NASDAQ:CMPO) insider Adam Joseph Lowe sold 66,350 shares of CompoSecure stock in a transaction that occurred on 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 in the company, valued at approximately $21,616,789.72. This trade represents a 4.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Adam Joseph Lowe also recently made the following trade(s):

• On Friday, December 6th, Adam Joseph Lowe sold 34,310 shares of CompoSecure stock. The shares were sold at an average price of $16.24, for a total transaction of $557,194.40.
• On Wednesday, September 11th, Adam Joseph Lowe sold 5,730 shares of CompoSecure stock. The shares were sold at an average price of $12.05, for a total transaction of $69,046.50.

CompoSecure Price Performance

Shares of NASDAQ:CMPO traded up $0.30 during midday trading on Tuesday, reaching $16.29. The company had a trading volume of 659,524 shares, compared to its average volume of 538,748. The stock’s fifty day moving average price is $15.03 and its 200-day moving average price is $11.19. The stock has a market capitalization of $1.44 billion, a P/E ratio of -36.48, a PEG ratio of 1.28 and a beta of 0.76. CompoSecure, Inc. has a one year low of $4.61 and a one year high of $16.77.

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

Hedge Funds Weigh In On CompoSecure

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tyro Capital Management LLC acquired a new stake in CompoSecure in the third quarter worth about $27,978,000. Woodson Capital Management LP acquired a new stake in CompoSecure in the third quarter worth about $10,795,000. Concentric Capital Strategies LP acquired a new stake in CompoSecure in the third quarter worth about $5,445,000. Progeny 3 Inc. acquired a new stake in CompoSecure in the third quarter worth about $5,243,000. Finally, Pacific Ridge Capital Partners LLC lifted its holdings in CompoSecure by 146.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock worth $3,308,000 after purchasing an additional 289,451 shares during the period. Institutional investors and hedge funds own 37.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CMPO. Lake Street Capital lifted their price objective on shares of CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Compass Point lifted their price objective on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Benchmark reiterated a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price objective on shares of 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 reiterated a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.36.

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.