nVerses Capital LLC Purchases New Stake in CompoSecure, Inc. (NASDAQ:CMPO)

nVerses Capital LLC acquired a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,100 shares of the company’s stock, valued at approximately $72,000.

Several other large investors also recently added to or reduced their stakes in the stock. CWM LLC raised its holdings in CompoSecure by 42.0% in the 3rd quarter. CWM LLC now owns 5,192 shares of the company’s stock valued at $73,000 after buying an additional 1,536 shares during the period. Rhumbline Advisers raised its stake in shares of CompoSecure by 17.3% in the 2nd quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock valued at $133,000 after acquiring an additional 2,877 shares during the period. Bank of New York Mellon Corp raised its stake in shares of CompoSecure by 16.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 50,031 shares of the company’s stock valued at $340,000 after acquiring an additional 6,891 shares during the period. Sandia Investment Management LP acquired a new position in shares of CompoSecure in the 2nd quarter worth approximately $68,000. Finally, Ritholtz Wealth Management purchased a new position in shares of CompoSecure during the 2nd quarter worth approximately $84,000. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on CMPO shares. Needham & Company LLC lifted their price objective on shares of CompoSecure from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Compass Point upped their price objective on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Benchmark lifted their target price on CompoSecure from $12.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Lake Street Capital upped their price target on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Bank of America lifted their price objective on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, CompoSecure has a consensus rating of “Moderate Buy” and a consensus target price of $15.07.

Insider Buying and Selling at CompoSecure

In related news, 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 value of $497,700.00. Following the transaction, the insider now directly owns 1,292,219 shares in the company, valued at $14,291,942.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Michele Logan sold 10,017,983 shares of CompoSecure stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the completion of the sale, the director now owns 2,043,320 shares of the company’s stock, valued at approximately $15,427,066. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam Joseph Lowe sold 45,000 shares of CompoSecure stock in a transaction that occurred 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 sale, the insider now owns 1,292,219 shares of the company’s stock, valued at $14,291,942.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,867,586 shares of company stock valued at $82,870,442. 74.99% of the stock is owned by insiders.

CompoSecure Stock Performance

Shares of CMPO opened at $15.41 on Tuesday. CompoSecure, Inc. has a one year low of $4.61 and a one year high of $15.55. The stock has a 50-day moving average price of $12.84 and a 200 day moving average price of $9.09. The company has a market capitalization of $1.24 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.05 and a beta of 0.78.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. CompoSecure had a net margin of 6.33% and a negative return on equity of 11.78%. The business had revenue of $108.57 million during the quarter, compared to analyst estimates of $102.22 million. During the same period in the previous year, the business posted $0.25 EPS. As a group, equities research analysts forecast that CompoSecure, Inc. will post 1.1 earnings per share for the current fiscal year.

CompoSecure Company 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.