Tyro Capital Management LLC Buys Shares of 1,995,610 CompoSecure, Inc. (NASDAQ:CMPO)

Tyro Capital Management LLC bought a new stake in CompoSecure, Inc. (NASDAQ:CMPO) during the 3rd quarter, Holdings Channel reports. The fund bought 1,995,610 shares of the company’s stock, valued at approximately $27,978,000. CompoSecure makes up 8.8% of Tyro Capital Management LLC’s holdings, making the stock its 2nd largest position.

Other large investors have also recently bought and sold shares of the company. CWM LLC grew its position in CompoSecure by 205.9% in the second quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after purchasing an additional 2,461 shares in the last quarter. Sandia Investment Management LP acquired a new position in shares of CompoSecure in the second quarter valued at $68,000. nVerses Capital LLC bought a new stake in shares of CompoSecure during the third quarter worth approximately $72,000. Wolverine Asset Management LLC acquired a new position in shares of CompoSecure in the third quarter valued at about $74,000. Finally, FMR LLC increased its stake in CompoSecure by 693.0% during 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. Institutional investors own 37.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CMPO shares. Lake Street Capital raised their price target 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 increased their price target on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a report on Monday, November 11th. B. Riley raised their target price on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their price target on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.36.

CompoSecure Trading Down 0.5 %

Shares of CMPO opened at $16.39 on Friday. The business’s fifty day simple moving average is $15.19 and its two-hundred day simple moving average is $11.33. CompoSecure, Inc. has a 12 month low of $4.61 and a 12 month high of $16.80.

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

Insider Buying and Selling at CompoSecure

In related news, insider Adam Joseph Lowe sold 34,310 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.24, for a total transaction of $557,194.40. Following the sale, the insider now owns 1,315,068 shares of the company’s stock, valued at $21,356,704.32. This trade represents a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $4,666,005.70. Following the completion of the sale, the chief executive officer now owns 618,013 shares of the company’s stock, valued at $4,665,998.15. This trade represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,816,657 shares of company stock worth $83,222,844 over the last 90 days. 74.99% of the stock is owned by insiders.

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.