CompoSecure, Inc. (NASDAQ:CMPO) Short Interest Down 12.8% in November

CompoSecure, Inc. (NASDAQ:CMPO) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 11,600,000 shares, a decline of 12.8% from the November 15th total of 13,300,000 shares. Based on an average trading volume of 952,100 shares, the short-interest ratio is currently 12.2 days. Currently, 38.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

CMPO has been the topic of a number of research reports. Lake Street Capital lifted their price objective on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Compass Point raised their target price on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a report on Tuesday, August 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of CompoSecure in a research note on Monday, November 11th. B. Riley boosted their target price on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Benchmark reissued a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CompoSecure presently has a consensus rating of “Moderate Buy” and an average price target of $16.36.

Insider Activity

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 transaction of $75,635,771.65. Following the completion of the transaction, the director now owns 2,043,320 shares of the company’s stock, valued at $15,427,066. This represents a 83.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jonathan Wilk sold 618,014 shares of CompoSecure stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $4,666,005.70. Following the completion of the sale, the chief executive officer now directly owns 618,013 shares in the company, valued at $4,665,998.15. This trade represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 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.

Institutional Trading of CompoSecure

A number of large investors have recently made changes to their positions in the stock. CWM LLC lifted its holdings in CompoSecure by 205.9% during 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 in the last quarter. Sandia Investment Management LP purchased a new position in shares of CompoSecure during the second quarter worth approximately $68,000. nVerses Capital LLC bought a new stake in shares of CompoSecure during the third quarter valued at approximately $72,000. Wolverine Asset Management LLC bought a new stake in shares of CompoSecure during the third quarter valued at approximately $74,000. Finally, FMR LLC boosted its holdings in shares of CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after purchasing an additional 5,156 shares during the period. 37.56% of the stock is owned by hedge funds and other institutional investors.

CompoSecure Price Performance

CompoSecure stock opened at $16.55 on Friday. CompoSecure has a 1-year low of $4.61 and a 1-year high of $16.80. The company’s 50-day moving average is $15.24 and its 200 day moving average is $11.44. The firm has a market capitalization of $1.46 billion, a P/E ratio of -37.61, a price-to-earnings-growth ratio of 2.65 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $107.14 million for the quarter, compared to the consensus estimate of $105.11 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. During the same period in the prior year, the business posted $0.24 earnings per share. Research analysts anticipate that CompoSecure will post 1.02 earnings per share for the current fiscal year.

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.