Islay Capital Management LLC Acquires Shares of 45,154 CompoSecure, Inc. (NASDAQ:CMPO)

Islay Capital Management LLC purchased a new position in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,154 shares of the company's stock, valued at approximately $633,000. Islay Capital Management LLC owned about 0.05% of CompoSecure at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. CWM LLC grew 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 worth $25,000 after buying an additional 2,461 shares in the last quarter. Sandia Investment Management LP purchased a new position in CompoSecure during the 2nd quarter valued at about $68,000. nVerses Capital LLC bought a new stake in shares of CompoSecure in the 3rd quarter valued at about $72,000. Wolverine Asset Management LLC bought a new stake in shares of CompoSecure in the 3rd quarter valued at about $74,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of CompoSecure in the 2nd quarter worth approximately $84,000. Hedge funds and other institutional investors own 37.56% of the company's stock.

Analysts Set New Price Targets

CMPO has been the topic of several research reports. Needham & Company LLC reissued a "buy" rating and set a $16.00 price objective on shares of CompoSecure in a report on Monday, November 11th. B. Riley lifted their price target on CompoSecure from $18.00 to $23.00 and gave the company a "buy" rating in a report on Monday, November 11th. Benchmark restated a "buy" rating and set a $17.00 price objective on shares of CompoSecure in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised their price objective on CompoSecure from $8.00 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday, August 20th. Finally, Bank of America increased their price target on shares of CompoSecure from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.79.

Insider Buying and Selling

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of CompoSecure stock in a transaction that occurred on Tuesday, September 17th. The shares were 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 directly owns 2,043,320 shares in the company, valued at approximately $15,427,066. The trade was a 83.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jonathan Wilk sold 618,014 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the completion of the sale, the chief executive officer now owns 618,013 shares in the company, valued at $4,665,998.15. The trade was a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,641,727 shares of company stock worth $80,370,824 in the last 90 days. Insiders own 74.99% of the company's stock.

CompoSecure Stock Performance

CMPO stock traded up $0.63 on Monday, hitting $14.44. 634,441 shares of the company's stock were exchanged, compared to its average volume of 525,670. The firm has a 50 day moving average price of $14.17 and a two-hundred day moving average price of $10.23. CompoSecure, Inc. has a 12-month low of $4.61 and a 12-month high of $16.14. The stock has a market cap of $1.27 billion, a P/E ratio of -32.82, a price-to-earnings-growth ratio of 1.09 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The business had revenue of $107.14 million for the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm posted $0.24 EPS. Sell-side analysts expect that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

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.