Tyro Capital Management LLC Takes $27.98 Million Position in CompoSecure, Inc. (NASDAQ:CMPO)

Tyro Capital Management LLC bought a new stake in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,995,610 shares of the company's stock, valued at approximately $27,978,000. CompoSecure accounts for 8.8% of Tyro Capital Management LLC's holdings, making the stock its 2nd largest holding. Tyro Capital Management LLC owned about 2.26% of CompoSecure at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. CWM LLC increased its stake in CompoSecure by 205.9% in 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 period. Sandia Investment Management LP purchased a new position in shares of CompoSecure during the second quarter worth approximately $68,000. nVerses Capital LLC bought a new stake in shares of CompoSecure during the third quarter valued at approximately $72,000. Wolverine Asset Management LLC bought a new stake in shares of CompoSecure during the third quarter valued at approximately $74,000. Finally, FMR LLC boosted its holdings in shares of CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company's stock valued at $83,000 after purchasing an additional 5,156 shares during the period. Institutional investors own 37.56% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CMPO shares. Compass Point lifted 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. Lake Street Capital lifted their price objective on CompoSecure from $14.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. B. Riley increased their target price on shares of CompoSecure from $18.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on shares of CompoSecure from $12.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, December 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $16.00 price target on shares of CompoSecure in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, CompoSecure currently has a consensus rating of "Moderate Buy" and an average price target of $16.36.

CompoSecure Stock Up 0.4 %

Shares of CompoSecure stock traded up $0.07 on Friday, reaching $16.55. The stock had a trading volume of 901,789 shares, compared to its average volume of 541,288. The stock has a market capitalization of $1.46 billion, a P/E ratio of -37.61, a P/E/G ratio of 2.65 and a beta of 0.76. The company has a 50 day moving average price of $15.19 and a 200 day moving average price of $11.33. CompoSecure, Inc. has a 1 year low of $4.61 and a 1 year high of $16.80.

CompoSecure (NASDAQ:CMPO - Get Free Report) last released its quarterly earnings results 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 return on equity of 14.87% and a negative net margin of 5.63%. The firm had revenue of $107.14 million during the quarter, compared to analysts' expectations of $105.11 million. During the same period in the prior year, the firm posted $0.24 earnings per share. On average, analysts forecast that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

Insider Activity at CompoSecure

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the business's 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 sale, the director now owns 2,043,320 shares of the company's stock, valued at approximately $15,427,066. The trade was a 83.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jonathan Wilk sold 618,014 shares of the company's 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 $4,666,005.70. Following the transaction, 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 have sold 10,816,657 shares of company stock valued at $83,222,844 in the last ninety days. Corporate insiders own 74.99% of the company's stock.

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.