Insider Selling: CompoSecure, Inc. (NASDAQ:CMPO) Director Sells 10,017,983 Shares of Stock

CompoSecure, Inc. (NASDAQ:CMPO) Director Michele Logan sold 10,017,983 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $75,635,771.65. Following the sale, the director now owns 2,043,320 shares of the company’s stock, valued at $15,427,066. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CompoSecure Price Performance

NASDAQ CMPO traded down $0.01 on Tuesday, reaching $12.33. The company had a trading volume of 618,924 shares, compared to its average volume of 395,601. The firm has a market cap of $993.69 million, a price-to-earnings ratio of 12.71, a P/E/G ratio of 0.88 and a beta of 0.76. CompoSecure, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $12.60. The business has a 50 day moving average of $9.98 and a two-hundred day moving average of $7.77.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. The company had revenue of $108.57 million during the quarter, compared to analysts’ expectations of $102.22 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. As a group, research analysts predict that CompoSecure, Inc. will post 1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CMPO. JPMorgan Chase & Co. raised their price target on shares of CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Needham & Company LLC boosted their target price on shares of CompoSecure from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Benchmark upped their price target on shares of CompoSecure from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Bank of America raised their price objective on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Compass Point boosted their price objective on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, CompoSecure currently has a consensus rating of “Moderate Buy” and an average target price of $13.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in shares of 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 purchasing an additional 2,461 shares during the last quarter. Sandia Investment Management LP acquired a new position in CompoSecure in the second quarter valued at $68,000. Ritholtz Wealth Management bought a new stake in CompoSecure during the second quarter valued at $84,000. Algert Global LLC acquired a new stake in CompoSecure during the 2nd quarter worth about $84,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of CompoSecure in the 1st quarter worth about $91,000. Institutional investors 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.