CompoSecure, Inc. (NASDAQ:CMPO) Short Interest Down 12.8% in November

CompoSecure, Inc. (NASDAQ:CMPO) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 11,600,000 shares, a decline of 12.8% from the November 15th total of 13,300,000 shares. Based on an average trading volume of 952,100 shares, the days-to-cover ratio is presently 12.2 days. Approximately 38.7% of the shares of the company are sold short.

Insider Transactions at CompoSecure

In related news, COO Gregoire Maes sold 24,323 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total value of $395,248.75. Following the transaction, the chief operating officer now directly owns 762,009 shares in the company, valued at approximately $12,382,646.25. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam Joseph Lowe sold 66,350 shares of CompoSecure stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $15.91, for a total transaction of $1,055,628.50. Following the completion of the sale, the insider now 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 180,660 shares of company stock worth $2,921,066. 74.99% of the stock is owned by company insiders.

Institutional Trading of CompoSecure

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC raised its holdings in CompoSecure by 205.9% in the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after buying an additional 2,461 shares during the last quarter. nVerses Capital LLC bought a new position in shares of CompoSecure during the third quarter valued at $72,000. Wolverine Asset Management LLC acquired a new position in shares of CompoSecure during the third quarter worth $74,000. FMR LLC grew its stake in shares of CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after purchasing an additional 5,156 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in CompoSecure during the 3rd quarter worth $140,000. 37.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CMPO. Compass Point lifted their price target 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. Benchmark reaffirmed a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. B. Riley increased their target price on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a research report on Monday, November 11th. Finally, Lake Street Capital raised their target price on shares of CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.36.

CompoSecure Price Performance

CMPO stock traded down $0.12 during trading on Tuesday, reaching $16.35. 398,778 shares of the company were exchanged, compared to its average volume of 543,872. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -37.43, a P/E/G ratio of 2.65 and a beta of 0.76. The company has a 50-day moving average of $15.30 and a two-hundred day moving average of $11.54. CompoSecure has a twelve month low of $4.61 and a twelve month high of $17.03.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter last year, the company posted $0.24 earnings per share. On average, analysts forecast that CompoSecure will post 1.02 EPS for the current year.

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.