Bard Associates Inc. Acquires 1,957 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Bard Associates Inc. increased its stake in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,247 shares of the company’s stock after buying an additional 1,957 shares during the quarter. CompoSecure comprises approximately 1.5% of Bard Associates Inc.’s investment portfolio, making the stock its 10th biggest position. Bard Associates Inc. owned about 0.37% of CompoSecure worth $4,280,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Wolverine Asset Management LLC acquired a new position in CompoSecure during the third quarter valued at approximately $74,000. Principal Financial Group Inc. acquired a new position in shares of CompoSecure during the 3rd quarter worth $146,000. Rice Hall James & Associates LLC bought a new stake in shares of CompoSecure during the 3rd quarter worth $3,766,000. Wealth Enhancement Advisory Services LLC boosted its stake in CompoSecure by 1.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company’s stock valued at $574,000 after buying an additional 701 shares in the last quarter. Finally, Rowlandmiller & PARTNERS.ADV bought a new position in CompoSecure in the third quarter valued at about $149,000. 37.56% of the stock is currently owned by institutional investors.

CompoSecure Stock Performance

Shares of CMPO stock opened at $13.94 on Friday. The company has a market cap of $1.23 billion, a P/E ratio of -31.68, a PEG ratio of 1.09 and a beta of 0.76. CompoSecure, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $16.14. The stock has a 50 day simple moving average of $14.07 and a two-hundred day simple moving average of $10.09.

CompoSecure (NASDAQ:CMPO) last announced its 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 during the quarter, compared to analysts’ expectations of $105.11 million. During the same quarter last year, the firm posted $0.24 earnings per share. On average, research analysts predict that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Insider Buying and Selling at CompoSecure

In other news, CEO Jonathan Wilk sold 618,014 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $4,666,005.70. Following the transaction, the chief executive officer now owns 618,013 shares in the company, valued at approximately $4,665,998.15. This represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Adam Joseph Lowe sold 5,730 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $12.05, for a total transaction of $69,046.50. Following the sale, the insider now owns 1,292,219 shares in the company, valued at approximately $15,571,238.95. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,641,727 shares of company stock worth $80,370,824. 74.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CMPO. Lake Street Capital raised their price target 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. Bank of America upped their price target on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Compass Point raised their price objective on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a report on Tuesday, August 20th. Benchmark reissued a “buy” rating and set a $17.00 target price on shares of CompoSecure in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.79.

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.