CompoSecure (NASDAQ:CMPO) Sees Large Volume Increase

Shares of CompoSecure, Inc. (NASDAQ:CMPO) saw an uptick in trading volume on Wednesday . 556,782 shares were traded during trading, an increase of 136% from the previous session’s volume of 235,627 shares.The stock last traded at $7.49 and had previously closed at $7.43.

Analyst Ratings Changes

Several brokerages have weighed in on CMPO. Benchmark upped their price objective on shares of CompoSecure from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of CompoSecure in a report on Tuesday, May 7th. Bank of America began coverage on CompoSecure in a research report on Wednesday. They issued a “buy” rating and a $9.00 price objective for the company. Lake Street Capital began coverage on CompoSecure in a research note on Thursday, June 27th. They issued a “buy” rating and a $12.00 target price for the company. Finally, B. Riley upped their price target on shares of CompoSecure from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.71.

CompoSecure Stock Performance

The company has a market cap of $605.24 million, a price-to-earnings ratio of 7.79 and a beta of 0.71. The firm’s 50-day moving average price is $6.66 and its 200 day moving average price is $6.10.

CompoSecure (NASDAQ:CMPO) last issued its earnings results on Monday, May 6th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. CompoSecure had a net margin of 5.14% and a negative return on equity of 11.00%. The company had revenue of $104.01 million during the quarter, compared to analysts’ expectations of $98.20 million. As a group, equities research analysts predict that CompoSecure, Inc. will post 1.09 EPS for the current fiscal year.

CompoSecure Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 11th. Stockholders of record on Monday, May 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 17th.

Insider Activity at CompoSecure

In other CompoSecure news, major shareholder Llr Equity Partners Iv, L.P. sold 4,752,150 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $6.50, for a total value of $30,888,975.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Llr Equity Partners Iv, L.P. sold 4,752,150 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $6.50, for a total value of $30,888,975.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michele Logan sold 2,968,065 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $6.50, for a total transaction of $19,292,422.50. Following the sale, the director now directly owns 20,829 shares of the company’s stock, valued at approximately $135,388.50. The disclosure for this sale can be found here. 74.99% of the stock is currently owned by corporate insiders.

Institutional Trading of CompoSecure

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC raised its position in CompoSecure by 205.9% in the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after buying an additional 2,461 shares during the last quarter. Boston Partners lifted its position in shares of CompoSecure by 40.8% in the first quarter. Boston Partners now owns 557,136 shares of the company’s stock worth $4,028,000 after purchasing an additional 161,333 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in CompoSecure during the first quarter worth $91,000. Quadrature Capital Ltd bought a new position in CompoSecure in the first quarter valued at $158,000. Finally, Vanguard Group Inc. increased its stake in CompoSecure by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock valued at $6,098,000 after buying an additional 13,081 shares during the last quarter. Institutional investors and hedge funds own 37.56% 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.