CompoSecure, Inc. (NASDAQ:CMPO) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 165.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 209,389 shares of the company's stock after buying an additional 130,489 shares during the period. Renaissance Technologies LLC owned 0.26% of CompoSecure worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. CWM LLC lifted its holdings in 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 during the last quarter. Ritholtz Wealth Management purchased a new stake in CompoSecure during the 2nd quarter worth about $84,000. B. Riley Wealth Advisors Inc. purchased a new stake in CompoSecure during the 1st quarter worth about $91,000. Rhumbline Advisers lifted its holdings in CompoSecure by 17.3% during the 2nd quarter. Rhumbline Advisers now owns 19,521 shares of the company's stock worth $133,000 after buying an additional 2,877 shares during the last quarter. Finally, Impact Partnership Wealth LLC lifted its holdings in CompoSecure by 186.1% during the 2nd quarter. Impact Partnership Wealth LLC now owns 20,276 shares of the company's stock worth $138,000 after buying an additional 13,188 shares during the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CMPO has been the subject of several research reports. Needham & Company LLC boosted their target price on CompoSecure from $15.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Benchmark boosted their target price on CompoSecure from $12.00 to $17.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. boosted their target price on CompoSecure from $8.00 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Compass Point boosted their target price on CompoSecure from $11.50 to $14.50 and gave the company a "buy" rating in a report on Tuesday, August 20th. Finally, Bank of America boosted their price target on CompoSecure from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, CompoSecure presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.07.

CompoSecure Stock Performance

CompoSecure stock traded up $0.33 during mid-day trading on Friday, reaching $13.93. 583,174 shares of the company were exchanged, compared to its average volume of 463,211. CompoSecure, Inc. has a twelve month low of $4.61 and a twelve month high of $14.20. The firm's 50-day simple moving average is $11.50 and its two-hundred day simple moving average is $8.49. The firm has a market cap of $1.12 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.00 and a beta of 0.78.

CompoSecure (NASDAQ:CMPO - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. The business had revenue of $108.57 million during the quarter, compared to the consensus estimate of $102.22 million. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. During the same period in the prior year, the business posted $0.25 EPS. As a group, equities research analysts anticipate that CompoSecure, Inc. will post 1.1 EPS for the current year.

Insider Transactions at CompoSecure

In other news, Director Michele Logan sold 10,017,983 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 2,043,320 shares of the company's stock, valued at approximately $15,427,066. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Jonathan Wilk sold 618,014 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $4,666,005.70. Following the completion of the transaction, the chief executive officer now directly owns 618,013 shares of the company's stock, valued at $4,665,998.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michele Logan sold 10,017,983 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $75,635,771.65. Following the sale, the director now owns 2,043,320 shares in the company, valued at approximately $15,427,066. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,867,586 shares of company stock valued at $82,870,442. Corporate insiders own 74.99% of the company's stock.

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.