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

CompoSecure, Inc. (NASDAQ:CMPO) gapped up before the market opened 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 trading hands.

Analysts Set New Price Targets

CMPO has been the topic of a number of recent research reports. Benchmark upped their price target on CompoSecure from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of CompoSecure in a research report on Tuesday, May 7th. B. Riley boosted their price objective on CompoSecure from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, Lake Street Capital assumed coverage on CompoSecure in a research note on Thursday. They set a “buy” rating and a $12.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $12.17.

CompoSecure Stock Performance

The company has a market capitalization of $548.02 million, a P/E ratio of 7.01 and a beta of 0.70. The business has a 50 day moving average of $6.60 and a 200-day moving average of $5.97.

CompoSecure (NASDAQ:CMPO) last announced its earnings results on Monday, May 6th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $104.01 million for the quarter, compared to analyst estimates of $98.20 million. CompoSecure had a negative return on equity of 11.00% and a net margin of 5.14%. As a group, equities analysts forecast that CompoSecure, Inc. will post 1.09 EPS for the current fiscal year.

CompoSecure Dividend Announcement

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

Insiders Place Their Bets

In other CompoSecure news, Director Michele Logan sold 2,968,065 shares of the company’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 $19,292,422.50. Following the transaction, the director now directly owns 20,829 shares in the company, valued at approximately $135,388.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Michele Logan sold 2,968,065 shares of the company’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 $19,292,422.50. Following the completion of the transaction, the director now directly owns 20,829 shares in the company, valued at approximately $135,388.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Llr Equity Partners Iv, L.P. sold 4,752,150 shares of the company’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

A number of hedge funds and other institutional investors have recently modified their holdings of CMPO. B. Riley Wealth Advisors Inc. purchased a new position in shares of CompoSecure in the 1st quarter worth about $91,000. Quadrature Capital Ltd purchased a new position in shares of CompoSecure in the 1st quarter worth about $158,000. Kerrisdale Advisers LLC purchased a new stake in CompoSecure during the 3rd quarter valued at about $267,000. GSA Capital Partners LLP grew its position in CompoSecure by 87.9% during the 1st quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock worth $751,000 after acquiring an additional 48,586 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC bought a new position in CompoSecure during the 1st quarter worth approximately $1,424,000. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

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.