CompoSecure (NASDAQ:CMPO) Reaches New 12-Month High at $8.20

CompoSecure, Inc. (NASDAQ:CMPO)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $8.20 and last traded at $8.20, with a volume of 145303 shares. The stock had previously closed at $8.06.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMPO. Bank of America began coverage on shares of CompoSecure in a research report on Wednesday, July 10th. They set a “buy” rating and a $9.00 price target for the company. Lake Street Capital began coverage on shares of CompoSecure in a research report on Thursday, June 27th. They set a “buy” rating and a $12.00 price target for the company. B. Riley lifted their price objective on shares of CompoSecure from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of CompoSecure in a research note on Tuesday, May 7th. Finally, Benchmark lifted their price objective on shares of CompoSecure from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $11.71.

CompoSecure Price Performance

The stock’s 50 day simple moving average is $6.76 and its two-hundred day simple moving average is $6.22. The stock has a market cap of $656.81 million, a P/E ratio of 8.45, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. CompoSecure had a net margin of 5.14% and a negative return on equity of 11.00%. The firm had revenue of $104.01 million for the quarter, compared to analyst estimates of $98.20 million. As a group, analysts forecast that CompoSecure, Inc. will post 1.07 earnings per share for the current fiscal year.

CompoSecure Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 11th. Shareholders of record on Monday, May 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 17th.

Insider Buying and Selling at CompoSecure

In related news, major shareholder Lp Bleichroeder purchased 800,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were purchased at an average price of $6.50 per share, with a total value of $5,200,000.00. Following the completion of the purchase, the insider now owns 3,797,550 shares in the company, valued at approximately $24,684,075. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder Llr Equity Partners Iv, L.P. sold 4,752,150 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $6.50, for a total value of $30,888,975.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Lp Bleichroeder acquired 800,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was acquired at an average cost of $6.50 per share, for a total transaction of $5,200,000.00. Following the transaction, the insider now owns 3,797,550 shares of the company’s stock, valued at $24,684,075. The disclosure for this purchase can be found here. Insiders own 74.99% of the company’s stock.

Institutional Trading of CompoSecure

Institutional investors have recently made changes to their positions in the business. CWM LLC lifted its position in shares of CompoSecure by 205.9% in 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 in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of CompoSecure in the first quarter worth $91,000. Quadrature Capital Ltd acquired a new position in CompoSecure during the first quarter worth $158,000. GSA Capital Partners LLP increased its holdings in CompoSecure by 87.9% during the first quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock worth $751,000 after buying an additional 48,586 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC acquired a new position in CompoSecure during the first quarter worth $1,424,000. Institutional investors own 37.56% of the company’s stock.

About CompoSecure

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.