Progeny 3 Inc. Makes New $5.24 Million Investment in CompoSecure, Inc. (NASDAQ:CMPO)

Progeny 3 Inc. acquired a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO) in the 3rd quarter, Holdings Channel reports. The fund acquired 374,000 shares of the company’s stock, valued at approximately $5,243,000.

Several other large investors have also modified their holdings of CMPO. Woodson Capital Management LP purchased a new stake in CompoSecure in the third quarter valued at $10,795,000. Pacific Ridge Capital Partners LLC increased its position 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 worth $3,308,000 after purchasing an additional 289,451 shares in the last quarter. Rice Hall James & Associates LLC purchased a new stake in shares of CompoSecure in the 3rd quarter valued at about $3,766,000. Boston Partners lifted its holdings in shares of CompoSecure by 40.8% in the 1st quarter. Boston Partners now owns 557,136 shares of the company’s stock valued at $4,028,000 after purchasing an additional 161,333 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of CompoSecure by 165.4% in the 2nd 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 during the period. Institutional investors and hedge funds own 37.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CMPO shares. 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a report on Monday, November 11th. JPMorgan Chase & Co. increased their price target on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Benchmark reaffirmed a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th. Finally, Compass Point raised their price target on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, CompoSecure has an average rating of “Moderate Buy” and an average target price of $15.79.

CompoSecure Stock Down 1.4 %

Shares of NASDAQ:CMPO opened at $15.95 on Friday. CompoSecure, Inc. has a 52 week low of $4.61 and a 52 week high of $16.38. The company has a 50-day moving average price of $14.74 and a 200 day moving average price of $10.73. The company has a market cap of $1.41 billion, a P/E ratio of -36.25, a PEG ratio of 1.28 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $107.14 million during the quarter, compared to analysts’ expectations of $105.11 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. During the same quarter last year, the firm earned $0.24 earnings per share. Analysts expect that CompoSecure, Inc. will post 1.02 EPS for the current year.

Insider Transactions at CompoSecure

In related news, COO Gregoire Maes sold 24,323 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $16.25, for a total value of $395,248.75. Following the sale, the chief operating officer now owns 762,009 shares in the company, valued at $12,382,646.25. This represents a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michele Logan sold 10,017,983 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $75,635,771.65. Following the completion of the transaction, the director now owns 2,043,320 shares of the company’s stock, valued at approximately $15,427,066. This represents a 83.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,666,590 shares of company stock valued at $80,774,821 in the last ninety days. 74.99% of the stock is currently owned by company insiders.

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.