CompoSecure (NASDAQ:CMPO) Sees Unusually-High Trading Volume

CompoSecure, Inc. (NASDAQ:CMPO) shares saw an uptick in trading volume on Wednesday . 556,782 shares changed hands during mid-day trading, an increase of 136% from the previous session’s volume of 235,627 shares.The stock last traded at $7.49 and had previously closed at $7.43.

Analyst Ratings Changes

A number of research firms recently commented on CMPO. Lake Street Capital began coverage on CompoSecure in a research note on Thursday, June 27th. They issued a “buy” rating and a $12.00 price target for the company. B. Riley lifted their price target on CompoSecure from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Benchmark lifted their price target on CompoSecure from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of CompoSecure in a research note on Tuesday, May 7th. Finally, Bank of America assumed coverage on CompoSecure in a research note on Wednesday. They issued a “buy” rating and a $9.00 target price for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, CompoSecure presently has a consensus rating of “Moderate Buy” and an average target price of $11.71.

CompoSecure Price Performance

The stock has a fifty day moving average price of $6.65 and a two-hundred day moving average price of $6.08. The company has a market cap of $610.87 million, a P/E ratio of 7.66 and a beta of 0.71.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings results on Monday, May 6th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $104.01 million for the quarter, compared to analysts’ expectations of $98.20 million. CompoSecure had a negative return on equity of 11.00% and a net margin of 5.14%. As a group, analysts forecast that CompoSecure, Inc. will post 1.09 earnings per share for the current year.

CompoSecure Dividend Announcement

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

Insider Buying and Selling

In other news, major shareholder Lp Bleichroeder bought 800,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were purchased at an average price of $6.50 per share, with a total value of $5,200,000.00. Following the completion of the acquisition, the insider now directly owns 3,797,550 shares in the company, valued at $24,684,075. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Lp Bleichroeder purchased 800,000 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were bought at an average price of $6.50 per share, with a total value of $5,200,000.00. Following the completion of the acquisition, the insider now owns 3,797,550 shares of the company’s stock, valued at $24,684,075. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Llr Equity Partners Iv, L.P. sold 4,752,150 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $6.50, for a total value of $30,888,975.00. The disclosure for this sale can be found here. 74.99% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CMPO. Cannell Capital LLC increased its holdings in shares of CompoSecure by 70.0% in the third quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock valued at $11,410,000 after buying an additional 728,424 shares in the last quarter. Grizzlyrock Capital LLC purchased a new position in CompoSecure during the 4th quarter worth approximately $3,223,000. Wellington Management Group LLP grew its position in CompoSecure by 69.2% during the 4th quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock worth $3,248,000 after purchasing an additional 246,094 shares in the last quarter. Pacific Ridge Capital Partners LLC purchased a new position in CompoSecure during the 1st quarter worth approximately $1,424,000. Finally, Boston Partners grew its position in CompoSecure by 40.8% during the 1st quarter. Boston Partners now owns 557,136 shares of the company’s stock worth $4,028,000 after purchasing an additional 161,333 shares in the last quarter. Institutional investors own 37.56% of the company’s stock.

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.