CompoSecure, Inc. (NASDAQ:CMPO) Director Michele Logan Sells 10,017,983 Shares

CompoSecure, Inc. (NASDAQ:CMPO) Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $75,635,771.65. Following the transaction, the director now directly owns 2,043,320 shares in the company, valued at $15,427,066. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

CompoSecure Stock Performance

Shares of CMPO stock opened at $12.33 on Wednesday. The stock has a market capitalization of $993.69 million, a price-to-earnings ratio of 12.71, a PEG ratio of 0.88 and a beta of 0.76. CompoSecure, Inc. has a one year low of $4.61 and a one year high of $12.60. The company’s 50-day simple moving average is $9.98 and its 200-day simple moving average is $7.77.

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

Hedge Funds Weigh In On CompoSecure

Hedge funds have recently added to or reduced their stakes in the business. Grizzlyrock Capital LLC bought a new position in shares of CompoSecure in the 4th quarter worth about $3,223,000. Pacific Ridge Capital Partners LLC acquired a new position in CompoSecure in the first quarter valued at approximately $1,424,000. Boston Partners grew its holdings in shares of CompoSecure by 40.8% during the first 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 last quarter. Bailard Inc. acquired a new stake in shares of CompoSecure during the 2nd quarter worth approximately $259,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of CompoSecure by 87.9% in the 1st quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock worth $751,000 after purchasing an additional 48,586 shares during the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CMPO. Benchmark boosted their target price on shares of CompoSecure from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Compass Point raised their target price on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Lake Street Capital began coverage on CompoSecure in a research note on Thursday, June 27th. They issued a “buy” rating and a $12.00 price target on the stock. Bank of America increased their price target on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Needham & Company LLC lifted their price objective on CompoSecure from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.50.

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.