38,026 Shares in CompoSecure, Inc. (NASDAQ:CMPO) Purchased by Bailard Inc.

Bailard Inc. purchased a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 38,026 shares of the company's stock, valued at approximately $259,000.

Other hedge funds also recently modified their holdings of the company. Grizzlyrock Capital LLC acquired a new stake in shares of CompoSecure during the 4th quarter worth about $3,223,000. Pacific Ridge Capital Partners LLC bought a new stake in CompoSecure during the first quarter valued at $1,424,000. Boston Partners grew its position in shares of CompoSecure by 40.8% during the first quarter. Boston Partners now owns 557,136 shares of the company's stock worth $4,028,000 after acquiring an additional 161,333 shares during the last quarter. GSA Capital Partners LLP grew its position in shares of CompoSecure by 87.9% during the first quarter. GSA Capital Partners LLP now owns 103,875 shares of the company's stock worth $751,000 after acquiring an additional 48,586 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of CompoSecure by 69.2% during the fourth quarter. Wellington Management Group LLP now owns 601,548 shares of the company's stock worth $3,248,000 after acquiring an additional 246,094 shares during the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of CompoSecure from $8.00 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. Lake Street Capital initiated coverage on CompoSecure in a report on Thursday, June 27th. They issued a "buy" rating and a $12.00 price objective on the stock. B. Riley increased their price target on CompoSecure from $17.00 to $18.00 and gave the company a "buy" rating in a report on Friday, May 10th. Benchmark raised their price objective on shares of CompoSecure from $10.00 to $12.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Finally, Bank of America raised their price objective on shares of CompoSecure from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $13.50.

Insider Buying and Selling

In related news, insider Adam Joseph Lowe sold 45,000 shares of CompoSecure stock in a transaction dated 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 $14,291,942.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CRO Amanda Mandy Gourbault sold 130,859 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $11.08, for a total transaction of $1,449,917.72. Following the completion of the transaction, the executive now directly owns 908,641 shares in the company, valued at approximately $10,067,742.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Joseph Lowe sold 45,000 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total value of $497,700.00. Following the transaction, the insider now owns 1,292,219 shares of the company's stock, valued at $14,291,942.14. The disclosure for this sale can be found here. Insiders sold a total of 225,859 shares of company stock worth $2,499,618 over the last three months. 74.99% of the stock is currently owned by company insiders.

CompoSecure Stock Performance

Shares of NASDAQ CMPO traded down $0.08 during midday trading on Tuesday, reaching $11.72. 508,792 shares of the company traded hands, compared to its average volume of 364,221. The firm has a market cap of $944.53 million, a PE ratio of 12.08, a PEG ratio of 1.01 and a beta of 0.71. The stock's 50-day simple moving average is $8.34 and its 200-day simple moving average is $6.99. CompoSecure, Inc. has a 12 month low of $4.61 and a 12 month high of $11.90.

CompoSecure (NASDAQ:CMPO - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. CompoSecure had a negative return on equity of 11.00% and a net margin of 5.14%. The business had revenue of $108.57 million during the quarter, compared to analysts' expectations of $102.22 million. During the same period in the previous year, the business posted $0.25 earnings per share. On average, equities research analysts expect that CompoSecure, Inc. will post 1.07 EPS for the current year.

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.