Tyro Capital Management LLC Takes Position in CompoSecure, Inc. (NASDAQ:CMPO)

Tyro Capital Management LLC acquired a new position in CompoSecure, Inc. (NASDAQ:CMPO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,995,610 shares of the company’s stock, valued at approximately $27,978,000. CompoSecure comprises approximately 8.8% of Tyro Capital Management LLC’s holdings, making the stock its 2nd largest position. Tyro Capital Management LLC owned 2.26% of CompoSecure at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMPO. Woodson Capital Management LP acquired a new position in shares of CompoSecure during the 3rd quarter valued at about $10,795,000. Concentric Capital Strategies LP bought a new stake in CompoSecure during the third quarter worth approximately $5,445,000. Progeny 3 Inc. acquired a new position in CompoSecure during the third quarter valued at approximately $5,243,000. Pacific Ridge Capital Partners LLC grew its stake in CompoSecure by 146.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock valued at $3,308,000 after buying an additional 289,451 shares during the last quarter. Finally, Rice Hall James & Associates LLC bought a new position in CompoSecure in the 3rd quarter worth $3,766,000. Institutional investors own 37.56% of the company’s stock.

CompoSecure Price Performance

NASDAQ:CMPO opened at $16.39 on Friday. CompoSecure, Inc. has a 12-month low of $4.61 and a 12-month high of $16.80. The firm has a 50-day moving average price of $15.19 and a 200 day moving average price of $11.33.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings data on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $105.11 million. During the same quarter in the prior year, the company earned $0.24 earnings per share. As a group, equities analysts anticipate that CompoSecure, Inc. will post 1.02 EPS for the current year.

Analysts Set New Price Targets

CMPO has been the topic of a number of recent analyst reports. Compass Point lifted their price objective on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Lake Street Capital upped their target price on shares of CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. raised their price target on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Benchmark reaffirmed a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a research report on Tuesday, November 12th. Finally, Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of CompoSecure in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.36.

Insider Buying and Selling at CompoSecure

In other news, insider Adam Joseph Lowe sold 66,350 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 1,358,692 shares in the company, valued at approximately $21,616,789.72. This represents a 4.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Gregoire Maes sold 55,137 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.40, for a total transaction of $904,246.80. Following the completion of the transaction, the chief operating officer now owns 762,009 shares of the company’s stock, valued at $12,496,947.60. This trade represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,816,657 shares of company stock worth $83,222,844 over the last ninety days. Corporate insiders own 74.99% of the company’s stock.

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.