Concentric Capital Strategies LP Purchases Shares of 388,355 CompoSecure, Inc. (NASDAQ:CMPO)

Concentric Capital Strategies LP purchased a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 388,355 shares of the company’s stock, valued at approximately $5,445,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMPO. Vanguard Group Inc. increased its holdings in CompoSecure by 1.6% during the first quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock worth $6,098,000 after buying an additional 13,081 shares during the last quarter. Woodson Capital Management LP acquired a new position in shares of CompoSecure during the 3rd quarter worth about $10,795,000. Boston Partners raised its holdings in shares of CompoSecure by 40.8% in the 1st quarter. Boston Partners now owns 557,136 shares of the company’s stock valued at $4,028,000 after purchasing an additional 161,333 shares during the period. Pacific Ridge Capital Partners LLC raised its holdings in shares of CompoSecure by 146.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock valued at $3,308,000 after purchasing an additional 289,451 shares during the period. Finally, Progeny 3 Inc. acquired a new stake in CompoSecure in the 3rd quarter valued at about $5,243,000. Institutional investors own 37.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CMPO. Benchmark restated a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a research note on Tuesday, November 12th. Lake Street Capital boosted their target price on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. B. Riley raised their price target on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. Bank of America lifted their price objective on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Compass Point increased their price objective on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research report on Tuesday, August 20th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.79.

Insider Buying and Selling

In other news, COO Gregoire Maes sold 24,323 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total transaction of $395,248.75. Following the completion of the sale, the chief operating officer now owns 762,009 shares of the company’s stock, valued at approximately $12,382,646.25. This represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Adam Joseph Lowe sold 5,730 shares of CompoSecure 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 transaction, the insider now directly owns 1,292,219 shares in the company, valued at $15,571,238.95. This trade represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,666,590 shares of company stock worth $80,774,821. Company insiders own 74.99% of the company’s stock.

CompoSecure Stock Down 1.4 %

Shares of CompoSecure stock opened at $15.95 on Monday. The company has a 50-day simple moving average of $14.74 and a two-hundred day simple moving average of $10.79. CompoSecure, Inc. has a twelve month low of $4.61 and a twelve month high of $16.38. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -36.25, a price-to-earnings-growth ratio of 1.26 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $107.14 million for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $0.24 EPS. On average, sell-side analysts anticipate that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

CompoSecure 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.