CompoSecure, Inc. (NASDAQ:CMPO) Sees Large Growth in Short Interest

CompoSecure, Inc. (NASDAQ:CMPO) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 8,280,000 shares, an increase of 53.3% from the July 31st total of 5,400,000 shares. Based on an average daily volume of 541,900 shares, the short-interest ratio is presently 15.3 days. Currently, 35.5% of the shares of the stock are sold short.

CompoSecure Stock Down 0.1 %

NASDAQ:CMPO traded down $0.01 on Friday, reaching $11.73. The company’s stock had a trading volume of 471,831 shares, compared to its average volume of 368,445. CompoSecure has a 12-month low of $4.61 and a 12-month high of $11.97. The stock has a 50 day moving average price of $8.77 and a 200 day moving average price of $7.15. The firm has a market cap of $945.33 million, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $108.57 million for the quarter, compared to analyst estimates of $102.22 million. CompoSecure had a net margin of 5.14% and a negative return on equity of 11.00%. During the same period in the previous year, the firm earned $0.25 EPS. Equities research analysts expect that CompoSecure will post 1.07 EPS for the current fiscal year.

Insider Buying and Selling at CompoSecure

In other CompoSecure news, insider Adam Joseph Lowe sold 45,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total transaction of $497,700.00. Following the completion of the transaction, the insider now directly owns 1,292,219 shares in the company, valued at $14,291,942.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Gregoire Maes sold 50,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $11.04, for a total value of $552,000.00. Following the completion of the transaction, the chief operating officer now directly owns 762,009 shares of the company’s stock, valued at approximately $8,412,579.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Adam Joseph Lowe sold 45,000 shares of CompoSecure stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $11.06, for a total transaction of $497,700.00. Following the sale, the insider now directly owns 1,292,219 shares in the company, valued at approximately $14,291,942.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 225,859 shares of company stock valued at $2,499,618. Company insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

A number of hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new position in CompoSecure during the second quarter worth $130,000. Quarry LP raised its holdings in shares of CompoSecure by 209.6% in the 2nd quarter. Quarry LP now owns 19,095 shares of the company’s stock valued at $130,000 after buying an additional 12,927 shares during the period. Algert Global LLC acquired a new position in CompoSecure during the 2nd quarter worth about $84,000. Pacific Ridge Capital Partners LLC boosted its holdings in CompoSecure by 146.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock valued at $3,308,000 after acquiring an additional 289,451 shares during the period. Finally, Sandia Investment Management LP acquired a new position in CompoSecure in the 2nd quarter valued at about $68,000. Hedge funds and other institutional investors own 37.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CMPO shares. Compass Point boosted their price target on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price target on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Lake Street Capital assumed coverage on CompoSecure in a report on Thursday, June 27th. They issued a “buy” rating and a $12.00 price target for the company. Bank of America boosted their price objective on CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, B. Riley upped their target price on CompoSecure from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.50.

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.