CompoSecure, Inc. (NASDAQ:CMPO) CEO Jonathan Wilk Sells 618,014 Shares

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

CompoSecure Price Performance

NASDAQ CMPO opened at $12.33 on Wednesday. The firm has a market cap of $993.69 million, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.88 and a beta of 0.76. CompoSecure, Inc. has a one year low of $4.61 and a one year high of $12.60. The stock’s 50 day simple moving average is $9.98 and its 200 day simple moving average is $7.77.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $108.57 million for 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 period in the prior year, the company earned $0.25 EPS. As a group, equities analysts expect that CompoSecure, Inc. will post 1.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Lake Street Capital started coverage on CompoSecure in a report on Thursday, June 27th. They issued a “buy” rating and a $12.00 price target for the company. JPMorgan Chase & Co. upped their price target on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Compass Point lifted their price objective on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a report on Tuesday, August 20th. Bank of America upped their target price 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, Needham & Company LLC lifted their price target on shares of CompoSecure from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, CompoSecure currently has an average rating of “Moderate Buy” and an average price target of $13.50.

Institutional Investors Weigh In On CompoSecure

Large investors have recently bought and sold shares of the business. Grizzlyrock Capital LLC bought a new position in CompoSecure in the 4th quarter valued at $3,223,000. Wellington Management Group LLP boosted its position in CompoSecure by 69.2% in the 4th quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock valued at $3,248,000 after buying an additional 246,094 shares during the last quarter. GSA Capital Partners LLP boosted its position in CompoSecure by 87.9% in the 1st quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock valued at $751,000 after buying an additional 48,586 shares during the last quarter. Pacific Ridge Capital Partners LLC bought a new position in CompoSecure in the 1st quarter valued at $1,424,000. Finally, Vanguard Group Inc. boosted its position in CompoSecure by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock valued at $6,098,000 after buying an additional 13,081 shares during the last quarter. 37.56% of the stock is currently owned by institutional investors.

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.