CompoSecure, Inc. (NASDAQ:CMPO) Major Shareholder Sells $842,325.60 in Stock

CompoSecure, Inc. (NASDAQ:CMPOGet Rating) major shareholder Donald G. Basile sold 149,880 shares of the business’s stock in a transaction on Thursday, January 19th. The stock was sold at an average price of $5.62, for a total transaction of $842,325.60. Following the sale, the insider now directly owns 2,131,935 shares in the company, valued at approximately $11,981,474.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

CompoSecure Stock Up 1.4 %

Shares of CompoSecure stock opened at $5.81 on Monday. CompoSecure, Inc. has a twelve month low of $4.26 and a twelve month high of $9.09. The stock has a market cap of $443.57 million, a price-to-earnings ratio of 2.63 and a beta of 0.67. The company’s fifty day moving average is $4.91 and its 200 day moving average is $5.30.

CompoSecure (NASDAQ:CMPOGet Rating) last released its earnings results on Wednesday, November 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $103.31 million for the quarter, compared to analyst estimates of $98.39 million. CompoSecure had a net margin of 10.97% and a negative return on equity of 3.01%. As a group, equities analysts anticipate that CompoSecure, Inc. will post 0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of CompoSecure in a research note on Tuesday, October 11th. They issued an “overweight” rating and a $10.00 price objective on the stock. BTIG Research assumed coverage on shares of CompoSecure in a research note on Tuesday, December 13th. They issued a “buy” rating and a $9.00 price objective on the stock.

Hedge Funds Weigh In On CompoSecure

Several hedge funds and other institutional investors have recently bought and sold shares of CMPO. Tower Research Capital LLC TRC lifted its holdings in CompoSecure by 485.3% in the third quarter. Tower Research Capital LLC TRC now owns 6,591 shares of the company’s stock valued at $33,000 after buying an additional 5,465 shares during the period. Royal Bank of Canada lifted its holdings in CompoSecure by 120.6% in the first quarter. Royal Bank of Canada now owns 4,854 shares of the company’s stock valued at $37,000 after buying an additional 2,654 shares during the period. JPMorgan Chase & Co. acquired a new position in CompoSecure in the first quarter valued at $38,000. HBK Sorce Advisory LLC acquired a new position in CompoSecure in the third quarter valued at $39,000. Finally, Trexquant Investment LP acquired a new position in CompoSecure in the third quarter valued at $54,000. Institutional investors and hedge funds own 31.77% of the company’s stock.

About CompoSecure

(Get Rating)

CompoSecure, Inc manufactures and designs metal, plastic, composite ID, 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 comprise the Arculus Key card Cold Storage hardware device and companion Arculus Wallet mobile App to keep the Private Key in the Arculus Key card highly secure and store cryptocurrency and digital assets.

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Insider Buying and Selling by Quarter for CompoSecure (NASDAQ:CMPO)

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