Clear Harbor Asset Management LLC Buys New Position in CompoSecure, Inc. (NASDAQ:CMPO)

Clear Harbor Asset Management LLC purchased a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,535 shares of the company’s stock, valued at approximately $162,000.

A number of other institutional investors also recently made changes to their positions in CMPO. Sandia Investment Management LP bought a new stake in CompoSecure during the second quarter worth approximately $68,000. nVerses Capital LLC acquired a new position in shares of CompoSecure during the 3rd quarter valued at $72,000. CWM LLC raised its stake in shares of CompoSecure by 42.0% in the 3rd quarter. CWM LLC now owns 5,192 shares of the company’s stock worth $73,000 after buying an additional 1,536 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of CompoSecure in the third quarter valued at $74,000. Finally, FMR LLC boosted its stake in CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after buying an additional 5,156 shares in the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.

CompoSecure Stock Up 4.1 %

Shares of CompoSecure stock opened at $15.39 on Thursday. CompoSecure, Inc. has a 12 month low of $4.61 and a 12 month high of $17.03. The stock has a market cap of $1.36 billion, a PE ratio of -34.98, a price-to-earnings-growth ratio of 2.33 and a beta of 0.77. The business has a fifty day simple moving average of $15.43 and a 200-day simple moving average of $13.13.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on CMPO shares. TD Cowen began coverage on shares of CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target for the company. Benchmark restated a “buy” rating and set a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th. Lake Street Capital lifted their price target on shares of CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their target price on CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.81.

Insider Activity at CompoSecure

In related news, COO Gregoire Maes sold 55,137 shares of CompoSecure stock in a transaction 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 completion of the sale, the chief operating officer now owns 762,009 shares of the company’s stock, valued at approximately $12,496,947.60. This trade represents a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam Joseph Lowe sold 34,310 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.24, for a total value of $557,194.40. Following the completion of the transaction, the insider now owns 1,315,068 shares in the company, valued at $21,356,704.32. This trade represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,660 shares of company stock valued at $2,921,066. Corporate insiders own 74.99% of the company’s stock.

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.