Geode Capital Management LLC Has $8.21 Million Stock Position in CompoSecure, Inc. (NASDAQ:CMPO)

Geode Capital Management LLC lifted its holdings in CompoSecure, Inc. (NASDAQ:CMPO) by 34.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 585,746 shares of the company’s stock after acquiring an additional 148,833 shares during the period. Geode Capital Management LLC owned approximately 0.66% of CompoSecure worth $8,214,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CMPO. Woodson Capital Management LP bought a new stake in CompoSecure in the 3rd quarter valued at about $10,795,000. Concentric Capital Strategies LP acquired a new stake in shares of CompoSecure in the third quarter valued at approximately $5,445,000. Progeny 3 Inc. bought a new stake in shares of CompoSecure in the third quarter valued at approximately $5,243,000. Pacific Ridge Capital Partners LLC grew its position in CompoSecure by 146.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock worth $3,308,000 after buying an additional 289,451 shares in the last quarter. Finally, Rice Hall James & Associates LLC bought a new position in CompoSecure during the 3rd quarter worth $3,766,000. 37.56% of the stock is owned by institutional investors.

Insider Activity

In other CompoSecure news, insider Adam Joseph Lowe sold 34,310 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.24, for a total transaction of $557,194.40. Following the sale, the insider now directly owns 1,315,068 shares of the company’s stock, valued at $21,356,704.32. The trade was a 2.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Gregoire Maes sold 55,137 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.40, for a total transaction of $904,246.80. Following the completion of the transaction, the chief operating officer now owns 762,009 shares of the company’s stock, valued at approximately $12,496,947.60. This trade represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 180,660 shares of company stock valued at $2,921,066 over the last quarter. 74.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CMPO shares. JPMorgan Chase & Co. upped their target price on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a research note on Monday, November 11th. B. Riley boosted their target price 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. Benchmark reaffirmed a “buy” rating and set a $17.00 price target on shares of CompoSecure in a report on Tuesday, November 12th. Finally, Lake Street Capital lifted their price objective on shares of CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.81.

CompoSecure Trading Down 0.3 %

Shares of CompoSecure stock opened at $15.28 on Friday. The firm’s 50 day moving average is $15.53 and its 200 day moving average is $12.30. The firm has a market capitalization 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 1 year low of $4.61 and a 1 year high of $17.03.

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). CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The company had revenue of $107.14 million for the quarter, compared to analyst estimates of $105.11 million. During the same quarter last year, the company posted $0.24 earnings per share. As a group, research analysts anticipate that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

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.