Solidarity Wealth LLC Invests $2.15 Million in CompoSecure, Inc. (NASDAQ:CMPO)

Solidarity Wealth LLC acquired a new position in CompoSecure, Inc. (NASDAQ:CMPO) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 140,354 shares of the company’s stock, valued at approximately $2,152,000. Solidarity Wealth LLC owned approximately 0.16% of CompoSecure as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMPO. Sandia Investment Management LP purchased a new stake in shares of CompoSecure in the second quarter worth $68,000. nVerses Capital LLC purchased a new stake in CompoSecure during the third quarter valued at about $72,000. CWM LLC raised its position in CompoSecure by 42.0% during the third quarter. CWM LLC now owns 5,192 shares of the company’s stock valued at $73,000 after purchasing an additional 1,536 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in CompoSecure during the third quarter valued at about $74,000. Finally, FMR LLC raised its position in CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after purchasing an additional 5,156 shares in the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. B. Riley lifted their price objective on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Needham & Company LLC reissued a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their target price on CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Lake Street Capital raised 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. Finally, TD Cowen started coverage on CompoSecure in a research note on Wednesday, December 18th. They issued a “buy” rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.81.

CompoSecure Stock Up 1.5 %

CompoSecure stock opened at $14.76 on Tuesday. The stock’s 50 day simple moving average is $15.41 and its two-hundred day simple moving average is $13.02. CompoSecure, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $17.03.

CompoSecure (NASDAQ:CMPO) last issued 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). CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The company had revenue of $107.14 million during the quarter, compared to the consensus estimate of $105.11 million. During the same period in the prior year, the firm earned $0.24 earnings per share. Sell-side analysts forecast that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Gregoire Maes sold 55,137 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.40, for a total value of $904,246.80. Following the completion of the transaction, the chief operating officer now directly owns 762,009 shares in the company, valued at $12,496,947.60. The trade was a 6.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Joseph Lowe sold 66,350 shares of the business’s stock in a transaction on 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 sale, the insider now owns 1,358,692 shares of the company’s stock, valued at approximately $21,616,789.72. This represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,660 shares of company stock worth $2,921,066 in the last three months. Insiders own 74.99% 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.