Atom Investors LP Takes $2.81 Million Position in CompoSecure, Inc. (NASDAQ:CMPO)

Atom Investors LP bought a new stake in CompoSecure, Inc. (NASDAQ:CMPO) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 200,237 shares of the company’s stock, valued at approximately $2,807,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC grew its holdings in shares of CompoSecure by 146.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock valued at $3,308,000 after buying an additional 289,451 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of CompoSecure by 165.4% in the second quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock valued at $1,424,000 after purchasing an additional 130,489 shares in the last quarter. Bailard Inc. bought a new stake in CompoSecure during the second quarter worth $259,000. Rhumbline Advisers raised its position in CompoSecure by 17.3% in the 2nd quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock valued at $133,000 after buying an additional 2,877 shares during the last quarter. Finally, Rice Hall James & Associates LLC purchased a new position in CompoSecure during the 3rd quarter worth $3,766,000. 37.56% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Gregoire Maes sold 24,323 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $16.25, for a total transaction of $395,248.75. Following the completion of the transaction, the chief operating officer now directly owns 762,009 shares in the company, valued at $12,382,646.25. The trade was a 3.09 % decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction dated 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 in the company, valued at $15,571,238.95. This represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,666,590 shares of company stock worth $80,774,821 over the last ninety days. Company insiders own 74.99% of the company’s stock.

CompoSecure Stock Performance

CMPO stock opened at $16.15 on Tuesday. The stock has a fifty day moving average of $14.74 and a 200-day moving average of $10.79. CompoSecure, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $16.39. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -36.70, a PEG ratio of 1.26 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 analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $107.14 million during the quarter, compared to the consensus estimate 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 previous year, the business earned $0.24 earnings per share. Equities analysts predict that CompoSecure, Inc. will post 1.02 EPS for the current year.

Analyst Ratings Changes

CMPO has been the subject of several analyst reports. Benchmark reiterated a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a research note on Tuesday, November 12th. B. Riley upped their price objective on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Lake Street Capital lifted their target price on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Compass Point boosted their price target on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, Bank of America raised their price objective on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.36.

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.