Wellington Management Group LLP Sells 1,420,361 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Wellington Management Group LLP trimmed its holdings in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 43.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,819,057 shares of the company's stock after selling 1,420,361 shares during the quarter. Wellington Management Group LLP owned 2.06% of CompoSecure worth $25,503,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CMPO. Wealth Enhancement Advisory Services LLC grew its stake in CompoSecure by 1.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company's stock valued at $574,000 after purchasing an additional 701 shares during the period. CWM LLC boosted its holdings in shares of CompoSecure by 42.0% in the 3rd quarter. CWM LLC now owns 5,192 shares of the company's stock worth $73,000 after buying an additional 1,536 shares during the last quarter. Bard Associates Inc. grew its position in CompoSecure by 0.6% during the third quarter. Bard Associates Inc. now owns 305,247 shares of the company's stock valued at $4,280,000 after buying an additional 1,957 shares during the period. Rhumbline Advisers increased its holdings in CompoSecure by 17.3% during the second 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, nVerses Capital LLC bought a new stake in CompoSecure in the third quarter worth about $72,000. 37.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Michele Logan sold 10,017,983 shares of CompoSecure stock in a transaction dated 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 sale, the director now owns 2,043,320 shares in the company, valued at approximately $15,427,066. This trade represents a 83.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam Joseph Lowe sold 66,350 shares of the business's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $15.91, for a total value of $1,055,628.50. Following the transaction, the insider now directly owns 1,358,692 shares of the company's stock, valued at $21,616,789.72. The trade was a 4.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,816,657 shares of company stock valued at $83,222,844. Company insiders own 74.99% of the company's stock.

Wall Street Analyst Weigh In

CMPO has been the subject of a number of research reports. Benchmark reissued a "buy" rating and set a $17.00 target price on shares of CompoSecure in a research report on Tuesday, November 12th. Compass Point increased their price objective on CompoSecure from $11.50 to $14.50 and gave the company a "buy" rating in a report on Tuesday, August 20th. Lake Street Capital boosted their target price on CompoSecure from $14.00 to $18.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $16.00 price target on shares of CompoSecure in a research report on Monday, November 11th. Finally, B. Riley lifted their price objective on CompoSecure from $18.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, CompoSecure has an average rating of "Moderate Buy" and a consensus target price of $16.36.

CompoSecure Price Performance

Shares of CompoSecure stock traded up $0.07 during trading hours on Friday, reaching $16.55. The company had a trading volume of 1,261,394 shares, compared to its average volume of 541,288. CompoSecure, Inc. has a one year low of $4.61 and a one year high of $16.80. The firm has a market cap of $1.46 billion, a PE ratio of -37.61, a price-to-earnings-growth ratio of 2.65 and a beta of 0.76. The business has a fifty day simple moving average of $15.24 and a 200 day simple moving average of $11.40.

CompoSecure (NASDAQ:CMPO - Get Free Report) last posted its 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). CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. The company had revenue of $107.14 million for the quarter, compared to analysts' expectations of $105.11 million. During the same period in the previous year, the firm earned $0.24 EPS. On average, research analysts forecast that CompoSecure, Inc. will post 1.02 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.