Ritholtz Wealth Management Purchases 6,104 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Ritholtz Wealth Management lifted its position in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 14.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,976 shares of the company’s stock after purchasing an additional 6,104 shares during the period. Ritholtz Wealth Management owned 0.06% of CompoSecure worth $751,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CMPO. Bank of New York Mellon Corp raised its position in CompoSecure by 16.0% in the second quarter. Bank of New York Mellon Corp now owns 50,031 shares of the company’s stock worth $340,000 after acquiring an additional 6,891 shares during the period. Rhumbline Advisers raised its position in CompoSecure by 17.3% in the second quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock worth $133,000 after acquiring an additional 2,877 shares during the period. Renaissance Technologies LLC raised its position in CompoSecure by 165.4% in the second quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock worth $1,424,000 after acquiring an additional 130,489 shares during the period. XTX Topco Ltd bought a new stake in CompoSecure in the second quarter worth about $157,000. Finally, Cubist Systematic Strategies LLC bought a new stake in CompoSecure in the second quarter worth about $147,000. Institutional investors own 37.56% of the company’s stock.

Analyst Ratings Changes

CMPO has been the topic of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. B. Riley lifted their target price on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. TD Cowen began coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They issued a “buy” rating and a $20.00 target price for the company. Benchmark reiterated a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a research note on Tuesday, November 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.81.

CompoSecure Trading Up 1.5 %

Shares of NASDAQ:CMPO opened at $14.76 on Tuesday. The company has a 50 day moving average of $15.41 and a 200 day moving average of $13.02. The stock has a market cap of $1.30 billion, a P/E ratio of -33.55, a P/E/G ratio of 2.19 and a beta of 0.77. CompoSecure, Inc. has a 12 month low of $4.61 and a 12 month high of $17.03.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.27 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 analysts’ expectations 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 period in the prior year, the firm posted $0.24 EPS. On average, equities analysts forecast that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

Insider Buying and Selling at CompoSecure

In other CompoSecure news, COO Gregoire Maes sold 24,323 shares of CompoSecure stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 $12,382,646.25. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam Joseph Lowe sold 34,310 shares of CompoSecure 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 owns 1,315,068 shares of the company’s stock, valued at approximately $21,356,704.32. The trade was a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,660 shares of company stock worth $2,921,066 over the last three months. 74.99% of the stock is owned by insiders.

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.