Calamos Advisors LLC Sells 14,914 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Calamos Advisors LLC lowered its stake in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 18.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,159 shares of the company’s stock after selling 14,914 shares during the quarter. Calamos Advisors LLC owned approximately 0.07% of CompoSecure worth $999,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Tyro Capital Management LLC bought a new stake in CompoSecure in the third quarter worth about $27,978,000. Woodson Capital Management LP bought a new stake in CompoSecure in the third quarter worth about $10,795,000. Geode Capital Management LLC raised its position in CompoSecure by 34.1% in the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock worth $8,214,000 after acquiring an additional 148,833 shares during the period. State Street Corp raised its position in CompoSecure by 20.1% in the third quarter. State Street Corp now owns 395,691 shares of the company’s stock worth $5,548,000 after acquiring an additional 66,232 shares during the period. Finally, Concentric Capital Strategies LP bought a new stake in CompoSecure in the third quarter worth about $5,445,000. Institutional investors own 37.56% of the company’s stock.

Insider Activity at CompoSecure

In related news, COO Gregoire Maes sold 55,137 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.40, for a total value of $904,246.80. Following the transaction, the chief operating officer now owns 762,009 shares of the company’s stock, valued at $12,496,947.60. This represents a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Joseph Lowe sold 66,350 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $15.91, for a total value of $1,055,628.50. Following the sale, the insider now owns 1,358,692 shares in the company, valued at $21,616,789.72. The trade was a 4.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,660 shares of company stock valued at $2,921,066. Corporate insiders own 74.99% of the company’s stock.

CompoSecure Trading Down 0.2 %

Shares of NASDAQ:CMPO opened at $15.82 on Thursday. The company has a 50 day moving average of $15.57 and a 200 day moving average of $13.70. The stock has a market cap of $1.39 billion, a P/E ratio of -35.95, a P/E/G ratio of 2.51 and a beta of 0.78. CompoSecure, Inc. has a 12 month low of $4.61 and a 12 month high of $17.03.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. TD Cowen started coverage on shares of CompoSecure in a research report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target on the stock. B. Riley boosted their price target on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Benchmark reissued a “buy” rating and issued a $17.00 price target on shares of CompoSecure in a research report on Tuesday, November 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $16.00 price target on shares of CompoSecure in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.81.

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.