Insider Selling: CompoSecure, Inc. (NASDAQ:CMPO) Insider Sells 66,350 Shares of Stock

CompoSecure, Inc. (NASDAQ:CMPO) insider Adam Joseph Lowe sold 66,350 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $15.91, for a total transaction of $1,055,628.50. Following the completion of the sale, the insider now directly owns 1,358,692 shares of the company’s stock, valued at $21,616,789.72. The trade was a 4.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Adam Joseph Lowe also recently made the following trade(s):

• On Friday, December 6th, Adam Joseph Lowe sold 34,310 shares of CompoSecure stock. The shares were sold at an average price of $16.24, for a total transaction of $557,194.40.
• On Wednesday, September 11th, Adam Joseph Lowe sold 5,730 shares of CompoSecure stock. The shares were sold at an average price of $12.05, for a total transaction of $69,046.50.

CompoSecure Stock Performance

Shares of NASDAQ CMPO traded up $0.30 during trading hours on Tuesday, hitting $16.29. The stock had a trading volume of 659,524 shares, compared to its average volume of 538,748. The company has a market capitalization of $1.44 billion, a P/E ratio of -36.48, a P/E/G ratio of 1.28 and a beta of 0.76. The firm’s 50-day moving average price is $15.03 and its two-hundred day moving average price is $11.19. CompoSecure, Inc. has a 52 week low of $4.61 and a 52 week high of $16.77.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $107.14 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.24 EPS. As a group, analysts expect that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CMPO has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Benchmark restated a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. Lake Street Capital boosted their price objective on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Needham & Company LLC restated a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a report on Monday, November 11th. Finally, B. Riley upped their target price on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.36.

Institutional Investors Weigh In On CompoSecure

A number of large investors have recently added to or reduced their stakes in CMPO. Vanguard Group Inc. boosted its position in CompoSecure by 1.6% during the first quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock worth $6,098,000 after purchasing an additional 13,081 shares during the period. CWM LLC boosted its position 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 period. Bailard Inc. bought a new stake in CompoSecure during the second quarter worth approximately $259,000. Bank of New York Mellon Corp boosted its position in CompoSecure by 16.0% during the second quarter. Bank of New York Mellon Corp now owns 50,031 shares of the company’s stock worth $340,000 after purchasing an additional 6,891 shares during the period. Finally, Ritholtz Wealth Management bought a new stake in CompoSecure during the second quarter worth approximately $84,000. Institutional investors own 37.56% of the company’s stock.

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.