Martingale Asset Management L P Sells 2,207 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Martingale Asset Management L P cut its stake in CompoSecure, Inc. (NASDAQ:CMPO) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,572 shares of the company’s stock after selling 2,207 shares during the period. Martingale Asset Management L P’s holdings in CompoSecure were worth $695,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of CompoSecure by 1.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company’s stock valued at $574,000 after purchasing an additional 701 shares during the last quarter. CWM LLC lifted its holdings in CompoSecure by 42.0% in the third quarter. CWM LLC now owns 5,192 shares of the company’s stock valued at $73,000 after buying an additional 1,536 shares during the period. Bard Associates Inc. boosted its position in CompoSecure by 0.6% during the third quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock valued at $4,280,000 after acquiring an additional 1,957 shares during the last quarter. Rhumbline Advisers grew its holdings in CompoSecure by 17.3% during the 2nd quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock worth $133,000 after acquiring an additional 2,877 shares during the period. Finally, nVerses Capital LLC acquired a new position in shares of CompoSecure in the 3rd quarter valued at about $72,000. Institutional investors own 37.56% of the company’s stock.

CompoSecure Trading Up 1.3 %

Shares of CMPO stock opened at $16.15 on Tuesday. CompoSecure, Inc. has a 12 month low of $4.61 and a 12 month high of $16.39. The firm has a market capitalization of $1.42 billion, a PE ratio of -36.70, a price-to-earnings-growth ratio of 1.26 and a beta of 0.76. The firm has a fifty day simple moving average of $14.74 and a two-hundred day simple moving average of $10.79.

CompoSecure (NASDAQ:CMPO) last posted its 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). CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The business had revenue of $107.14 million during the quarter, compared to analyst estimates of $105.11 million. During the same quarter in the prior year, the company earned $0.24 EPS. On average, equities analysts predict that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CMPO shares. Compass Point raised their target price on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. B. Riley lifted their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Bank of America raised their price target on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a report on Monday, November 11th. Finally, Lake Street Capital increased their price objective on shares of CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, CompoSecure currently has a consensus rating of “Moderate Buy” and an average target price of $16.36.

Insider Transactions at CompoSecure

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the stock in a transaction dated 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 sale, the director now owns 2,043,320 shares in the company, valued at approximately $15,427,066. This trade represents a 83.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam Joseph Lowe sold 5,730 shares of CompoSecure stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total transaction of $69,046.50. Following the transaction, the insider now directly owns 1,292,219 shares in the company, valued at approximately $15,571,238.95. This represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,666,590 shares of company stock valued at $80,774,821 over the last ninety days. 74.99% of the stock is currently owned by insiders.

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.