CompoSecure, Inc. (NASDAQ:CMPO) Shares Bought by Barclays PLC

Barclays PLC increased its position in CompoSecure, Inc. (NASDAQ:CMPO) by 474.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,754 shares of the company’s stock after acquiring an additional 28,706 shares during the period. Barclays PLC’s holdings in CompoSecure were worth $488,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. State Street Corp grew its holdings in CompoSecure by 20.1% in the third quarter. State Street Corp now owns 395,691 shares of the company’s stock valued at $5,548,000 after purchasing an additional 66,232 shares during the last quarter. Quadrature Capital Ltd increased its holdings in CompoSecure by 137.3% during the 3rd quarter. Quadrature Capital Ltd now owns 32,071 shares of the company’s stock valued at $449,000 after acquiring an additional 18,554 shares in the last quarter. Janus Henderson Group PLC raised its position in CompoSecure by 43.9% during the third quarter. Janus Henderson Group PLC now owns 17,682 shares of the company’s stock worth $248,000 after acquiring an additional 5,396 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of CompoSecure in the third quarter valued at approximately $151,000. Finally, Concentric Capital Strategies LP purchased a new position in shares of CompoSecure during the 3rd quarter worth approximately $5,445,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

CompoSecure Price Performance

NASDAQ:CMPO opened at $15.28 on Friday. The stock has a market cap of $1.35 billion, a PE ratio of -34.73, a price-to-earnings-growth ratio of 2.65 and a beta of 0.76. CompoSecure, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $17.03. The stock’s 50-day moving average is $15.53 and its two-hundred day moving average is $12.30.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $107.14 million for the quarter, compared to analyst estimates of $105.11 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. During the same quarter in the prior year, the firm earned $0.24 earnings per share. On average, equities research analysts anticipate that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Insider Activity at CompoSecure

In other news, insider Adam Joseph Lowe sold 66,350 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 1,358,692 shares in the company, valued at approximately $21,616,789.72. This represents a 4.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Gregoire Maes sold 24,323 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $16.25, for a total transaction of $395,248.75. Following the completion of the sale, the chief operating officer now directly owns 762,009 shares in the company, valued at approximately $12,382,646.25. The trade was a 3.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,660 shares of company stock worth $2,921,066. Company insiders own 74.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CMPO. JPMorgan Chase & Co. lifted their target price on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Lake Street Capital upped 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. TD Cowen assumed coverage on CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target for the company. B. Riley upped their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Benchmark reissued a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.81.

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.