Concentric Capital Strategies LP Takes $5.45 Million Position in CompoSecure, Inc. (NASDAQ:CMPO)

Concentric Capital Strategies LP purchased a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 388,355 shares of the company’s stock, valued at approximately $5,445,000. Concentric Capital Strategies LP owned about 0.44% of CompoSecure at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its stake in shares of CompoSecure by 205.9% in the second quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after buying an additional 2,461 shares in the last quarter. Sandia Investment Management LP acquired a new stake in CompoSecure in the 2nd quarter valued at about $68,000. nVerses Capital LLC acquired a new stake in CompoSecure in the 3rd quarter valued at about $72,000. Wolverine Asset Management LLC bought a new position in shares of CompoSecure in the third quarter worth about $74,000. Finally, FMR LLC grew its stake in shares of CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after purchasing an additional 5,156 shares during the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.

CompoSecure Trading Down 1.4 %

NASDAQ:CMPO opened at $15.95 on Monday. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -36.25, a PEG ratio of 1.26 and a beta of 0.76. CompoSecure, Inc. has a 1-year low of $4.61 and a 1-year high of $16.38. The business’s 50-day moving average price is $14.74 and its two-hundred day moving average price is $10.79.

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

Insider Activity

In other news, COO Gregoire Maes sold 24,323 shares of CompoSecure stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $16.25, for a total transaction of $395,248.75. Following the transaction, the chief operating officer now owns 762,009 shares in the company, valued at $12,382,646.25. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Adam Joseph Lowe sold 5,730 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total value of $69,046.50. Following the sale, the insider now directly owns 1,292,219 shares of the company’s stock, valued at approximately $15,571,238.95. The trade was a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,666,590 shares of company stock valued at $80,774,821 in the last quarter. Company insiders own 74.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CMPO. Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a research report on Monday, November 11th. Lake Street Capital boosted their target price on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Benchmark reiterated a “buy” rating and issued a $17.00 price target on shares of CompoSecure in a report on Tuesday, November 12th. B. Riley boosted their price objective on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Bank of America upped their target price on shares of CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. One 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, CompoSecure has an average rating of “Moderate Buy” and an average target price of $15.79.

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.