Quantbot Technologies LP Buys Shares of 29,748 CompoSecure, Inc. (NASDAQ:CMPO)

Quantbot Technologies LP purchased a new position in CompoSecure, Inc. (NASDAQ:CMPO) during the third quarter, Holdings Channel reports. The institutional investor purchased 29,748 shares of the company’s stock, valued at approximately $417,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in CompoSecure by 1.6% in the first 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 period. B. Riley Wealth Advisors Inc. bought a new stake in shares of CompoSecure during the 1st quarter valued at about $91,000. CWM LLC boosted its position in shares of 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 purchasing an additional 2,461 shares in the last quarter. Bailard Inc. acquired a new stake in CompoSecure during the second quarter worth approximately $259,000. Finally, Bank of New York Mellon Corp increased its holdings in CompoSecure by 16.0% in the second quarter. Bank of New York Mellon Corp now owns 50,031 shares of the company’s stock worth $340,000 after purchasing an additional 6,891 shares in the last quarter. 37.56% of the stock is owned by institutional investors.

CompoSecure Stock Performance

Shares of NASDAQ CMPO opened at $15.92 on Wednesday. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -36.18, a PEG ratio of 1.28 and a beta of 0.76. CompoSecure, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $16.39. The firm’s 50-day simple moving average is $14.84 and its 200 day simple moving average is $10.92.

CompoSecure (NASDAQ:CMPO) last announced its earnings results 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 net margin of 5.63% and a negative return on equity of 14.87%. The company had revenue of $107.14 million for the quarter, compared to analysts’ expectations of $105.11 million. During the same period in the previous year, the firm earned $0.24 EPS. On average, sell-side analysts predict that CompoSecure, Inc. will post 1.02 EPS for the current year.

Insider Transactions at CompoSecure

In other CompoSecure news, COO Gregoire Maes sold 24,323 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total value of $395,248.75. Following the completion of the sale, the chief operating officer now directly owns 762,009 shares of the company’s stock, valued at approximately $12,382,646.25. This represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Adam Joseph Lowe sold 5,730 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $12.05, for a total transaction of $69,046.50. Following the completion of the sale, the insider now owns 1,292,219 shares of the company’s stock, valued at approximately $15,571,238.95. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,666,590 shares of company stock worth $80,774,821 in the last quarter. 74.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CMPO has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. B. Riley lifted their price target on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their price objective on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday. Benchmark reaffirmed a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a research report on Tuesday, November 12th. Finally, Compass Point increased their price target on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, CompoSecure presently has an average rating of “Moderate Buy” and a consensus price target of $16.36.

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.