CompoSecure (NASDAQ:CMPO) Shares Gap Up to $6.36

CompoSecure, Inc. (NASDAQ:CMPO)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $6.36, but opened at $6.51. CompoSecure shares last traded at $6.46, with a volume of 4,519 shares changing hands.

Analyst Ratings Changes

Several research firms have recently weighed in on CMPO. Benchmark lifted their price target on shares of CompoSecure from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of CompoSecure in a research report on Tuesday, May 7th. B. Riley increased their price target on CompoSecure from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Lake Street Capital initiated coverage on CompoSecure in a report on Thursday. They issued a “buy” rating and a $12.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, CompoSecure has an average rating of “Moderate Buy” and a consensus price target of $12.17.

CompoSecure Stock Performance

The business’s fifty day moving average price is $6.60 and its two-hundred day moving average price is $5.96. The firm has a market capitalization of $532.70 million, a P/E ratio of 6.81 and a beta of 0.70.

CompoSecure (NASDAQ:CMPO) last announced its earnings results on Monday, May 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $104.01 million during the quarter, compared to the consensus estimate of $98.20 million. CompoSecure had a net margin of 5.14% and a negative return on equity of 11.00%. Sell-side analysts predict that CompoSecure, Inc. will post 1.09 earnings per share for the current year.

CompoSecure Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 11th. Investors of record on Monday, May 20th were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 17th.

Insiders Place Their Bets

In other CompoSecure news, major shareholder Llr Equity Partners Iv, L.P. sold 4,752,150 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $6.50, for a total transaction of $30,888,975.00. The transaction was disclosed in a filing with the SEC, which is available at this link. In other CompoSecure news, Director Michele Logan sold 2,968,065 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $6.50, for a total transaction of $19,292,422.50. Following the sale, the director now owns 20,829 shares in the company, valued at approximately $135,388.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Llr Equity Partners Iv, L.P. sold 4,752,150 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $6.50, for a total value of $30,888,975.00. The disclosure for this sale can be found here. Corporate insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cannell Capital LLC grew its holdings in CompoSecure by 70.0% during the third quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock worth $11,410,000 after acquiring an additional 728,424 shares during the period. Grizzlyrock Capital LLC purchased a new position in shares of CompoSecure during the 4th quarter valued at approximately $3,223,000. Potomac Capital Management Inc. increased its holdings in shares of CompoSecure by 169.0% during the 3rd quarter. Potomac Capital Management Inc. now owns 440,715 shares of the company’s stock valued at $2,843,000 after purchasing an additional 276,890 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of CompoSecure by 69.2% in the 4th quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock valued at $3,248,000 after purchasing an additional 246,094 shares during the period. Finally, Pacific Ridge Capital Partners LLC purchased a new stake in CompoSecure during the first quarter worth $1,424,000. Institutional investors and hedge funds own 37.56% of the company’s stock.

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.