CompoSecure, Inc. (NASDAQ:CMPO) Stock Position Raised by Bard Associates Inc.

Bard Associates Inc. raised its stake in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 0.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 305,247 shares of the company’s stock after buying an additional 1,957 shares during the quarter. CompoSecure makes up about 1.5% of Bard Associates Inc.’s holdings, making the stock its 10th largest holding. Bard Associates Inc.’s holdings in CompoSecure were worth $4,280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMPO. CWM LLC boosted its position in 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 during the last quarter. Sandia Investment Management LP purchased a new position in shares of CompoSecure during the 2nd quarter worth $68,000. nVerses Capital LLC bought a new stake in shares of CompoSecure during the 3rd quarter valued at $72,000. Wolverine Asset Management LLC purchased a new stake in shares of CompoSecure in the 3rd quarter worth $74,000. Finally, Ritholtz Wealth Management bought a new position in CompoSecure in the 2nd quarter worth $84,000. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

CompoSecure Price Performance

Shares of NASDAQ CMPO opened at $13.94 on Friday. The firm has a 50-day simple moving average of $14.07 and a two-hundred day simple moving average of $10.09. CompoSecure, Inc. has a 1 year low of $4.61 and a 1 year high of $16.14. The company has a market cap of $1.23 billion, a P/E ratio of -31.68, a PEG ratio of 1.09 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The company had revenue of $107.14 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the business earned $0.24 EPS. As a group, equities research analysts expect that CompoSecure, Inc. will post 1.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CMPO. Lake Street Capital upped their price target on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Compass Point boosted their price target on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Needham & Company LLC reissued a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a report on Monday. B. Riley increased their price target on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.79.

Insiders Place Their Bets

In other news, CEO Jonathan Wilk sold 618,014 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the sale, the chief executive officer now directly owns 618,013 shares of the company’s stock, valued at $4,665,998.15. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Joseph Lowe sold 5,730 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 1,292,219 shares of the company’s stock, valued at $15,571,238.95. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,641,727 shares of company stock worth $80,370,824 in the last ninety days. 74.99% of the stock is owned by company insiders.

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.