Verition Fund Management LLC Takes Position in CompoSecure, Inc. (NASDAQ:CMPO)

Verition Fund Management LLC bought a new position in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 56,900 shares of the company's stock, valued at approximately $798,000. Verition Fund Management LLC owned about 0.06% of CompoSecure as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of CompoSecure by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 843,476 shares of the company's stock valued at $6,098,000 after buying an additional 13,081 shares during the period. Woodson Capital Management LP acquired a new position in CompoSecure in the third quarter valued at approximately $10,795,000. Pacific Ridge Capital Partners LLC grew its holdings in shares of CompoSecure by 146.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company's stock valued at $3,308,000 after purchasing an additional 289,451 shares during the last quarter. Bard Associates Inc. raised its position in shares of CompoSecure by 0.6% during the 3rd quarter. Bard Associates Inc. now owns 305,247 shares of the company's stock worth $4,280,000 after purchasing an additional 1,957 shares during the period. Finally, Rice Hall James & Associates LLC bought a new stake in shares of CompoSecure in the 3rd quarter worth approximately $3,766,000. Institutional investors and hedge funds own 37.56% of the company's stock.

Insider Buying and Selling

In other CompoSecure news, COO Gregoire Maes sold 55,137 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.40, for a total transaction of $904,246.80. Following the sale, the chief operating officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Joseph Lowe sold 66,350 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $15.91, for a total transaction of $1,055,628.50. Following the completion of the transaction, the insider now owns 1,358,692 shares of the company's stock, valued at approximately $21,616,789.72. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,822,387 shares of company stock worth $83,291,890 in the last ninety days. 74.99% of the stock is currently owned by corporate insiders.

CompoSecure Stock Performance

Shares of CMPO stock traded up $0.30 during mid-day trading on Tuesday, hitting $16.29. 659,524 shares of the stock traded hands, compared to its average volume of 538,748. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -36.48, a price-to-earnings-growth ratio of 1.28 and a beta of 0.76. The company's 50-day simple moving average is $15.03 and its 200-day simple moving average is $11.19. CompoSecure, Inc. has a twelve month low of $4.61 and a twelve month high of $16.77.

CompoSecure (NASDAQ:CMPO - Get Free Report) last released its 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). 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 for the quarter, compared to analyst estimates of $105.11 million. During the same period in the previous year, the firm earned $0.24 earnings per share. Analysts forecast that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Wall Street Analyst Weigh In

CMPO has been the subject of several analyst reports. Lake Street Capital increased their price objective on shares of CompoSecure from $14.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. 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. JPMorgan Chase & Co. increased their price objective on CompoSecure from $12.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. Benchmark reaffirmed a "buy" rating and set a $17.00 target price on shares of CompoSecure in a research note on Tuesday, November 12th. Finally, Compass Point raised their price target on CompoSecure from $11.50 to $14.50 and gave the company a "buy" rating in a report on Tuesday, August 20th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.36.

About CompoSecure

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.