Geode Capital Management LLC Purchases 148,833 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Geode Capital Management LLC grew its position in CompoSecure, Inc. (NASDAQ:CMPO) by 34.1% during the third quarter, HoldingsChannel reports. The firm owned 585,746 shares of the company’s stock after buying an additional 148,833 shares during the period. Geode Capital Management LLC’s holdings in CompoSecure were worth $8,214,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Pacific Ridge Capital Partners LLC lifted its holdings in CompoSecure by 146.9% in the second 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 period. Verition Fund Management LLC acquired a new position in shares of CompoSecure in the 3rd quarter valued at about $798,000. State Street Corp boosted its position in shares of CompoSecure by 20.1% during the 3rd quarter. State Street Corp now owns 395,691 shares of the company’s stock valued at $5,548,000 after purchasing an additional 66,232 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of CompoSecure by 165.4% during the 2nd quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock valued at $1,424,000 after purchasing an additional 130,489 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in CompoSecure by 17.3% in the second quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock worth $133,000 after purchasing an additional 2,877 shares in the last quarter. 37.56% of the stock is currently owned by institutional investors and hedge funds.

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 stock was sold at an average price of $15.91, for a total value of $1,055,628.50. Following the completion of the transaction, the insider now directly owns 1,358,692 shares of the company’s stock, valued at $21,616,789.72. This represents a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Gregoire Maes sold 55,137 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.40, for a total value of $904,246.80. Following the sale, the chief operating officer now directly owns 762,009 shares of the company’s stock, valued at $12,496,947.60. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 180,660 shares of company stock worth $2,921,066. Corporate insiders own 74.99% of the company’s stock.

Wall Street Analyst Weigh In

CMPO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Benchmark reaffirmed a “buy” rating and issued a $17.00 price target on shares of CompoSecure in a research note on Tuesday, November 12th. B. Riley raised their target price on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a research report on Monday, November 11th. Finally, Lake Street Capital increased their price target on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.81.

CompoSecure Stock Performance

Shares of NASDAQ CMPO opened at $15.28 on Friday. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -34.73, a PEG ratio of 2.65 and a beta of 0.76. CompoSecure, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $17.03. The firm’s 50-day simple moving average is $15.53 and its 200 day simple moving average is $12.30.

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