CompoSecure, Inc. (NASDAQ:CMPO) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its position in CompoSecure, Inc. (NASDAQ:CMPO) by 17.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,521 shares of the company’s stock after buying an additional 2,877 shares during the period. Rhumbline Advisers’ holdings in CompoSecure were worth $133,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC raised its holdings in 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 acquiring an additional 2,461 shares during the last quarter. Bank of New York Mellon Corp increased its stake 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 valued at $340,000 after purchasing an additional 6,891 shares during the last quarter. Ritholtz Wealth Management purchased a new position in CompoSecure during the second quarter worth about $84,000. B. Riley Wealth Advisors Inc. purchased a new position in CompoSecure during the first quarter worth about $91,000. Finally, Vanguard Group Inc. boosted its stake in CompoSecure by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock worth $6,098,000 after buying an additional 13,081 shares during the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

Insider Buying and Selling

In other news, insider Adam Joseph Lowe sold 45,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total value of $497,700.00. Following the sale, the insider now owns 1,292,219 shares in the company, valued at approximately $14,291,942.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Adam Joseph Lowe sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total value of $497,700.00. Following the completion of the sale, the insider now directly owns 1,292,219 shares in the company, valued at approximately $14,291,942.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michele Logan sold 10,017,983 shares of the firm’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 transaction, the director now owns 2,043,320 shares in the company, valued at $15,427,066. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,867,586 shares of company stock worth $82,870,442. Insiders own 74.99% of the company’s stock.

CompoSecure Price Performance

Shares of CompoSecure stock opened at $13.82 on Monday. CompoSecure, Inc. has a 1-year low of $4.61 and a 1-year high of $13.91. The business has a 50-day moving average of $10.93 and a 200-day moving average of $8.23. The company has a market capitalization of $1.11 billion, a PE ratio of 14.25, a P/E/G ratio of 1.00 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $108.57 million for the quarter, compared to the consensus estimate of $102.22 million. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. During the same period in the previous year, the business earned $0.25 EPS. On average, equities analysts expect that CompoSecure, Inc. will post 1.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Benchmark increased their price objective on shares of CompoSecure from $12.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Bank of America raised their price objective on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Lake Street Capital started coverage on CompoSecure in a research report on Thursday, June 27th. They issued a “buy” rating and a $12.00 target price for the company. JPMorgan Chase & Co. raised their target price on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, Compass Point upped 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.21.

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.