Clear Harbor Asset Management LLC Acquires Shares of 10,535 CompoSecure, Inc. (NASDAQ:CMPO)

Clear Harbor Asset Management LLC bought a new position in CompoSecure, Inc. (NASDAQ:CMPO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,535 shares of the company’s stock, valued at approximately $162,000.

A number of other large investors have also modified their holdings of the stock. Tyro Capital Management LLC acquired a new position in CompoSecure during the 3rd quarter worth approximately $27,978,000. Woodson Capital Management LP purchased a new position in shares of CompoSecure in the third quarter valued at $10,795,000. Geode Capital Management LLC grew its holdings in CompoSecure by 34.1% during the 3rd quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock valued at $8,214,000 after purchasing an additional 148,833 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in CompoSecure by 146.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock worth $3,308,000 after buying an additional 289,451 shares during the period. Finally, State Street Corp lifted its holdings in CompoSecure by 20.1% in the 3rd quarter. State Street Corp now owns 395,691 shares of the company’s stock worth $5,548,000 after buying an additional 66,232 shares in the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Stock Up 4.1 %

Shares of NASDAQ:CMPO opened at $15.39 on Thursday. The firm has a 50-day simple moving average of $15.43 and a 200 day simple moving average of $13.13. CompoSecure, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $17.03. The company has a market cap of $1.36 billion, a PE ratio of -34.98, a P/E/G ratio of 2.33 and a beta of 0.77.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The company had revenue of $107.14 million for the quarter, compared to analyst estimates of $105.11 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. As a group, research analysts forecast that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling at CompoSecure

In other news, COO Gregoire Maes sold 55,137 shares of CompoSecure stock in a transaction that occurred 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 sale, the chief operating officer now owns 762,009 shares of the company’s stock, valued at approximately $12,496,947.60. The trade was a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam Joseph Lowe sold 66,350 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $15.91, for a total value of $1,055,628.50. Following the completion of the transaction, the insider now directly owns 1,358,692 shares of the company’s stock, valued at $21,616,789.72. This trade represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,660 shares of company stock worth $2,921,066. 74.99% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.