CompoSecure, Inc. (NASDAQ:CMPO) CEO Sells $4,666,005.70 in Stock

CompoSecure, Inc. (NASDAQ:CMPO) CEO Jonathan Wilk sold 618,014 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the completion of the sale, the chief executive officer now directly owns 618,013 shares of the company’s stock, valued at $4,665,998.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CompoSecure Stock Down 0.1 %

Shares of NASDAQ:CMPO traded down $0.01 during trading on Tuesday, hitting $12.33. The stock had a trading volume of 618,924 shares, compared to its average volume of 395,601. CompoSecure, Inc. has a 12 month low of $4.61 and a 12 month high of $12.60. The company has a market capitalization of $993.69 million, a PE ratio of 12.71, a PEG ratio of 0.88 and a beta of 0.76. The firm’s fifty day moving average is $9.98 and its 200 day moving average is $7.77.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. The business had revenue of $108.57 million during the quarter, compared to analyst estimates of $102.22 million. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. During the same quarter last year, the firm posted $0.25 earnings per share. Equities research analysts expect that CompoSecure, Inc. will post 1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On CompoSecure

A number of institutional investors and hedge funds have recently made changes to their positions in CMPO. CWM LLC boosted its stake in CompoSecure by 205.9% in the 2nd 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. Sandia Investment Management LP bought a new position in shares of CompoSecure in the second quarter worth approximately $68,000. Ritholtz Wealth Management bought a new stake in shares of CompoSecure during the second quarter valued at approximately $84,000. Algert Global LLC purchased a new position in CompoSecure in the 2nd quarter worth approximately $84,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in CompoSecure in the 1st quarter valued at approximately $91,000. Institutional investors own 37.56% of the company’s stock.

Analyst Ratings Changes

CMPO has been the topic of several analyst reports. Benchmark lifted their price objective on CompoSecure from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Needham & Company LLC boosted their price objective on CompoSecure from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Compass Point raised their target price on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Bank of America raised their price target on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.50.

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.