Short Interest in CompoSecure, Inc. (NASDAQ:CMPO) Rises By 22.5%

CompoSecure, Inc. (NASDAQ:CMPO) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 10,140,000 shares, an increase of 22.5% from the August 15th total of 8,280,000 shares. Based on an average daily trading volume, of 642,500 shares, the days-to-cover ratio is currently 15.8 days. Approximately 43.4% of the shares of the company are short sold.

CompoSecure Trading Down 0.4 %

Shares of CMPO stock opened at $12.34 on Tuesday. CompoSecure has a twelve month low of $4.61 and a twelve month high of $12.60. The company’s 50-day moving average price is $9.88 and its 200-day moving average price is $7.72. The stock has a market cap of $994.49 million, a price-to-earnings ratio of 12.72, a PEG ratio of 0.88 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. The business had revenue of $108.57 million for the quarter, compared to analyst estimates of $102.22 million. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. During the same quarter in the prior year, the company posted $0.25 EPS. As a group, equities research analysts predict that CompoSecure will post 1.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CMPO. Bank of America lifted their price objective on CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Needham & Company LLC boosted their price target on CompoSecure from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. increased their price objective on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Compass Point lifted their target price on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Finally, Benchmark increased their target price on shares of CompoSecure from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, CompoSecure presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.50.

Insider Activity at CompoSecure

In other CompoSecure news, COO Gregoire Maes sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $11.04, for a total value of $552,000.00. Following the completion of the transaction, the chief operating officer now owns 762,009 shares in the company, valued at $8,412,579.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Adam Joseph Lowe sold 45,000 shares of CompoSecure stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total value of $497,700.00. Following the sale, the insider now owns 1,292,219 shares of the company’s stock, valued at approximately $14,291,942.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Gregoire Maes sold 50,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $11.04, for a total transaction of $552,000.00. Following the transaction, the chief operating officer now owns 762,009 shares of the company’s stock, valued at $8,412,579.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 231,589 shares of company stock worth $2,568,664. 74.99% of the stock is owned by company insiders.

Institutional Investors Weigh In On CompoSecure

Institutional investors have recently made changes to their positions in the stock. CWM LLC increased its stake in CompoSecure by 205.9% during the second quarter. CWM LLC now owns 3,656 shares of the company’s stock worth $25,000 after purchasing an additional 2,461 shares during the period. Rhumbline Advisers increased its position in shares of CompoSecure by 17.3% during the second quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock worth $133,000 after acquiring an additional 2,877 shares during the period. Bank of New York Mellon Corp raised its stake in shares of CompoSecure by 16.0% in the second quarter. Bank of New York Mellon Corp now owns 50,031 shares of the company’s stock valued at $340,000 after acquiring an additional 6,891 shares in the last quarter. Sandia Investment Management LP purchased a new position in CompoSecure in the second quarter valued at $68,000. Finally, Ritholtz Wealth Management acquired a new position in CompoSecure during the 2nd quarter worth $84,000. 37.56% of the stock is currently owned by institutional investors and hedge funds.

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.