CompoSecure, Inc. (NASDAQ:CMPO) Short Interest Update

CompoSecure, Inc. (NASDAQ:CMPO) saw a large growth in short interest in July. As of July 15th, there was short interest totalling 4,580,000 shares, a growth of 11.7% from the June 30th total of 4,100,000 shares. Currently, 20.7% of the company’s stock are sold short. Based on an average daily trading volume, of 291,700 shares, the short-interest ratio is presently 15.7 days.

Insider Activity at CompoSecure

In other news, Director Michele Logan sold 2,968,065 shares of CompoSecure stock in a transaction on Monday, May 13th. The shares were sold at an average price of $6.50, for a total transaction of $19,292,422.50. Following the completion of the sale, the director now directly owns 20,829 shares in the company, valued at $135,388.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Lp Bleichroeder bought 800,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average cost of $6.50 per share, for a total transaction of $5,200,000.00. Following the purchase, the insider now directly owns 3,797,550 shares in the company, valued at approximately $24,684,075. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michele Logan sold 2,968,065 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $6.50, for a total transaction of $19,292,422.50. Following the sale, the director now owns 20,829 shares in the company, valued at approximately $135,388.50. The disclosure for this sale can be found here. 74.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CMPO. CWM LLC grew its holdings 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 purchasing an additional 2,461 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in CompoSecure in the 1st quarter valued at approximately $91,000. Quadrature Capital Ltd acquired a new position in shares of CompoSecure in the first quarter worth $158,000. Bailard Inc. acquired a new position in shares of CompoSecure in the second quarter worth $259,000. Finally, Bank of New York Mellon Corp increased its position in shares of CompoSecure by 16.0% during the second quarter. Bank of New York Mellon Corp now owns 50,031 shares of the company’s stock worth $340,000 after acquiring an additional 6,891 shares during the period. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

CompoSecure Trading Up 2.2 %

CMPO stock traded up $0.18 during midday trading on Monday, hitting $8.27. 320,210 shares of the company’s stock were exchanged, compared to its average volume of 246,898. CompoSecure has a 1-year low of $4.61 and a 1-year high of $8.27. The stock has a market capitalization of $666.08 million, a PE ratio of 8.52, a P/E/G ratio of 1.04 and a beta of 0.71. The business has a 50-day simple moving average of $6.92 and a two-hundred day simple moving average of $6.33.

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

CompoSecure Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CMPO. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of CompoSecure in a report on Tuesday, May 7th. B. Riley raised their price objective on CompoSecure from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, May 10th. Bank of America initiated coverage on shares of CompoSecure in a research note on Wednesday, July 10th. They set a “buy” rating and a $9.00 price objective for the company. Benchmark lifted their price objective on CompoSecure from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, 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 on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.71.

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.