Martingale Asset Management L P Sells 2,207 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Martingale Asset Management L P lessened its holdings in CompoSecure, Inc. (NASDAQ:CMPO) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,572 shares of the company’s stock after selling 2,207 shares during the period. Martingale Asset Management L P owned 0.06% of CompoSecure worth $695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. FORA Capital LLC acquired a new position in shares of CompoSecure in the third quarter valued at $358,000. MetLife Investment Management LLC acquired a new position in shares of CompoSecure in the third quarter valued at approximately $205,000. FMR LLC increased its stake in shares of CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after purchasing an additional 5,156 shares during the period. Quantbot Technologies LP bought a new stake in CompoSecure in the 3rd quarter valued at $417,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in CompoSecure in the 3rd quarter valued at $140,000. Institutional investors own 37.56% of the company’s stock.

CompoSecure Trading Up 1.3 %

Shares of CompoSecure stock opened at $16.15 on Tuesday. The company has a 50 day moving average of $14.74 and a 200-day moving average of $10.79. The company has a market cap of $1.42 billion, a PE ratio of -36.70, a price-to-earnings-growth ratio of 1.26 and a beta of 0.76. CompoSecure, Inc. has a 1-year low of $4.61 and a 1-year high of $16.39.

CompoSecure (NASDAQ:CMPO) last released its earnings results on Friday, November 8th. The company reported $0.27 earnings per share 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 business had revenue of $107.14 million for the quarter, compared to the consensus estimate of $105.11 million. During the same quarter in the previous year, the company earned $0.24 earnings per share. Research analysts forecast that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CMPO. JPMorgan Chase & Co. lifted their target price on CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a research note on Monday, November 11th. Benchmark restated a “buy” rating and set a $17.00 target price on shares of CompoSecure in a research report on Tuesday, November 12th. B. Riley lifted their price target on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Bank of America increased their price target on CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $16.36.

Insider Activity at CompoSecure

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the firm’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 value of $75,635,771.65. Following the sale, the director now owns 2,043,320 shares in the company, valued at $15,427,066. This trade represents a 83.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jonathan Wilk sold 618,014 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the sale, the chief executive officer now directly owns 618,013 shares in the company, valued at approximately $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 10,666,590 shares of company stock valued at $80,774,821 over the last ninety days. 74.99% of the stock is owned by corporate insiders.

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.