CompoSecure, Inc. (NASDAQ:CMPO) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 43.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,819,057 shares of the company’s stock after selling 1,420,361 shares during the quarter. Wellington Management Group LLP’s holdings in CompoSecure were worth $25,503,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC lifted its stake in CompoSecure by 205.9% during 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 stake in CompoSecure during the second quarter worth approximately $68,000. nVerses Capital LLC purchased a new stake in CompoSecure during the third quarter worth approximately $72,000. Wolverine Asset Management LLC purchased a new stake in CompoSecure during the third quarter worth approximately $74,000. Finally, FMR LLC lifted its stake in CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after purchasing an additional 5,156 shares during the last quarter. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Michele Logan sold 10,017,983 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $75,635,771.65. Following the sale, the director now owns 2,043,320 shares in the company, valued at $15,427,066. This represents a 83.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jonathan Wilk sold 618,014 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $4,666,005.70. Following the completion of the sale, the chief executive officer now owns 618,013 shares in the company, valued at approximately $4,665,998.15. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,816,657 shares of company stock worth $83,222,844 in the last quarter. Company insiders own 74.99% of the company’s stock.

CompoSecure Trading Up 0.4 %

NASDAQ CMPO opened at $16.55 on Friday. The business’s 50 day moving average is $15.24 and its two-hundred day moving average is $11.40. CompoSecure, Inc. has a 12-month low of $4.61 and a 12-month high of $16.80. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of -37.61, a PEG ratio of 2.65 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last released its earnings results on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $107.14 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.24 EPS. Equities analysts forecast that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CMPO shares. JPMorgan Chase & Co. boosted their target price on CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of CompoSecure in a research report on Monday, November 11th. Benchmark reaffirmed a “buy” rating and set a $17.00 price target on shares of CompoSecure in a research report on Tuesday, November 12th. Lake Street Capital lifted 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. Finally, Compass Point lifted their price target on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.36.

CompoSecure 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.