Geode Capital Management LLC Increases Stake in CompoSecure, Inc. (NASDAQ:CMPO)

Geode Capital Management LLC lifted its position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 34.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 585,746 shares of the company's stock after purchasing an additional 148,833 shares during the period. Geode Capital Management LLC owned 0.66% of CompoSecure worth $8,214,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sandia Investment Management LP bought a new position in CompoSecure in the 2nd quarter worth $68,000. nVerses Capital LLC bought a new position in CompoSecure in the third quarter worth about $72,000. CWM LLC lifted its holdings in CompoSecure by 42.0% in the third quarter. CWM LLC now owns 5,192 shares of the company's stock worth $73,000 after buying an additional 1,536 shares during the period. Wolverine Asset Management LLC bought a new stake in CompoSecure during the 3rd quarter valued at approximately $74,000. Finally, FMR LLC grew its holdings in shares of CompoSecure by 693.0% during the 3rd quarter. FMR LLC now owns 5,900 shares of the company's stock worth $83,000 after acquiring an additional 5,156 shares during the period. 37.56% of the stock is owned by institutional investors.

CompoSecure Stock Performance

CompoSecure stock traded up $0.54 during mid-day trading on Friday, hitting $15.82. The company's stock had a trading volume of 864,606 shares, compared to its average volume of 975,003. CompoSecure, Inc. has a one year low of $4.61 and a one year high of $17.03. The stock has a market cap of $1.39 billion, a PE ratio of -35.95, a P/E/G ratio of 2.65 and a beta of 0.76. The company has a 50 day moving average of $15.53 and a 200-day moving average of $12.32.

CompoSecure (NASDAQ:CMPO - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The firm had revenue of $107.14 million for the quarter, compared to the consensus estimate of $105.11 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. During the same period in the previous year, the company posted $0.24 EPS. On average, equities research analysts forecast that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling at CompoSecure

In other news, insider Adam Joseph Lowe sold 34,310 shares of the firm's stock in a transaction dated 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 directly owns 1,315,068 shares in the company, valued at approximately $21,356,704.32. This trade represents a 2.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Gregoire Maes sold 55,137 shares of CompoSecure stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.40, for a total transaction of $904,246.80. Following the completion of the transaction, the chief operating officer now directly owns 762,009 shares in the company, valued at approximately $12,496,947.60. The trade was a 6.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 180,660 shares of company stock valued at $2,921,066. Company insiders own 74.99% of the company's stock.

Analyst Ratings Changes

CMPO has been the topic of several research reports. TD Cowen started coverage on CompoSecure in a research report on Wednesday, December 18th. They set a "buy" rating and a $20.00 price target on the stock. Benchmark reiterated a "buy" rating and issued a $17.00 price target on shares of CompoSecure in a research note on Tuesday, November 12th. Lake Street Capital lifted their price objective on CompoSecure from $14.00 to $18.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. 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 report on Monday, December 2nd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $16.00 target price on shares of CompoSecure in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $16.81.

CompoSecure 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.