JPMorgan Chase & Co. Purchases 44,018 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

JPMorgan Chase & Co. lifted its stake in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 555.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,949 shares of the company's stock after purchasing an additional 44,018 shares during the period. JPMorgan Chase & Co. owned 0.06% of CompoSecure worth $728,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Rhumbline Advisers raised 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. Renaissance Technologies LLC increased its stake in shares of CompoSecure by 165.4% in the 2nd quarter. Renaissance Technologies LLC now owns 209,389 shares of the company's stock worth $1,424,000 after acquiring an additional 130,489 shares in the last quarter. XTX Topco Ltd purchased a new position in CompoSecure during the 2nd quarter valued at about $157,000. Cubist Systematic Strategies LLC bought a new stake in CompoSecure during the second quarter worth about $147,000. Finally, Algert Global LLC bought a new stake in CompoSecure during the second quarter worth about $84,000. Institutional investors own 37.56% of the company's stock.

CompoSecure Stock Performance

Shares of CMPO stock traded down $0.64 during mid-day trading on Monday, reaching $15.18. 742,333 shares of the company's stock traded hands, compared to its average volume of 891,771. The firm has a market capitalization of $1.34 billion, a PE ratio of -34.50, a price-to-earnings-growth ratio of 2.43 and a beta of 0.77. CompoSecure, Inc. has a 12 month low of $4.61 and a 12 month high of $17.03. The firm has a 50 day moving average price of $15.53 and a two-hundred day moving average price of $13.30.

CompoSecure (NASDAQ:CMPO - Get Free Report) last released its quarterly 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 the consensus estimate of $105.11 million. During the same period in the prior year, the firm posted $0.24 EPS. As a group, equities analysts expect that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Lake Street Capital raised their price objective on CompoSecure from $14.00 to $18.00 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. B. Riley lifted their price target on CompoSecure from $18.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. TD Cowen assumed coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They issued a "buy" rating and a $20.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of CompoSecure from $12.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, December 2nd. Finally, Benchmark reiterated a "buy" rating and issued a $17.00 target price on shares of CompoSecure in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, CompoSecure currently has an average rating of "Moderate Buy" and an average target price of $16.81.

Insider Buying and Selling at CompoSecure

In other news, COO Gregoire Maes sold 24,323 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total value of $395,248.75. Following the transaction, the chief operating officer now owns 762,009 shares of the company's stock, valued at approximately $12,382,646.25. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Joseph Lowe sold 66,350 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $15.91, for a total value of $1,055,628.50. Following the transaction, the insider now directly owns 1,358,692 shares of the company's stock, valued at approximately $21,616,789.72. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 180,660 shares of company stock valued at $2,921,066 over the last 90 days. 74.99% of the stock is currently owned by corporate insiders.

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.