CompoSecure, Inc. (NASDAQ:CMPO) Short Interest Update

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) was the recipient of a significant decline in short interest in the month of 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. Currently, 38.7% of the company's shares are short sold. Based on an average daily volume of 952,100 shares, the short-interest ratio is currently 12.2 days.

Insider Activity at CompoSecure

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the company's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the completion of the sale, the director now owns 2,043,320 shares in the company, valued at $15,427,066. This represents a 83.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Joseph Lowe sold 34,310 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.24, for a total value of $557,194.40. Following the sale, the insider now owns 1,315,068 shares of the company's stock, valued at approximately $21,356,704.32. This represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,816,657 shares of company stock worth $83,222,844. Company insiders own 74.99% of the company's stock.

Hedge Funds Weigh In On CompoSecure

A number of institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of CompoSecure by 1.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company's stock valued at $574,000 after purchasing an additional 701 shares during the period. CWM LLC grew its position in shares of CompoSecure by 42.0% in the third quarter. CWM LLC now owns 5,192 shares of the company's stock valued at $73,000 after purchasing an additional 1,536 shares during the period. Bard Associates Inc. grew its position in shares of CompoSecure by 0.6% in the third quarter. Bard Associates Inc. now owns 305,247 shares of the company's stock valued at $4,280,000 after purchasing an additional 1,957 shares during the period. Rhumbline Advisers grew its position in shares of CompoSecure by 17.3% in the second quarter. Rhumbline Advisers now owns 19,521 shares of the company's stock valued at $133,000 after purchasing an additional 2,877 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of CompoSecure in the third quarter valued at $72,000. 37.56% of the stock is owned by institutional investors and hedge funds.

CompoSecure Trading Up 0.4 %

Shares of CompoSecure stock traded up $0.07 on Friday, hitting $16.55. The stock had a trading volume of 1,261,394 shares, compared to its average volume of 541,288. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -37.61, a P/E/G ratio of 2.65 and a beta of 0.76. CompoSecure has a 52-week low of $4.61 and a 52-week high of $16.80. The company's 50 day moving average price is $15.24 and its 200 day moving average price is $11.44.

CompoSecure (NASDAQ:CMPO - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $107.14 million during the quarter, compared to analyst estimates of $105.11 million. During the same period in the prior year, the firm posted $0.24 earnings per share. Analysts predict that CompoSecure will post 1.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. B. Riley upped their target price on CompoSecure from $18.00 to $23.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Compass Point raised their target price on CompoSecure from $11.50 to $14.50 and gave the company a "buy" rating in a research report on Tuesday, August 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $16.00 price target on shares of CompoSecure in a research note on Monday, November 11th. Benchmark reaffirmed a "buy" rating and issued a $17.00 price target on shares of CompoSecure in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. raised their price target 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. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $16.36.

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.