9,978 Shares in CompoSecure, Inc. (NASDAQ:CMPO) Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd bought a new stake in shares of CompoSecure, Inc. (NASDAQ:CMPO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 9,978 shares of the company’s stock, valued at approximately $140,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC raised its stake in CompoSecure by 205.9% during the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after purchasing an additional 2,461 shares during the last quarter. Sandia Investment Management LP acquired a new stake in CompoSecure in the 2nd quarter worth $68,000. nVerses Capital LLC bought a new position in shares of CompoSecure during the 3rd quarter worth about $72,000. Wolverine Asset Management LLC acquired a new position in shares of CompoSecure during the third quarter valued at about $74,000. Finally, Ritholtz Wealth Management bought a new stake in shares of CompoSecure in the second quarter valued at about $84,000. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Stock Performance

CMPO opened at $16.17 on Thursday. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -36.75, a PEG ratio of 1.24 and a beta of 0.76. The firm’s 50-day simple moving average is $14.64 and its 200-day simple moving average is $10.63. CompoSecure, Inc. has a twelve month low of $4.61 and a twelve month high of $16.38.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.27 earnings per share 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 firm had revenue of $107.14 million for the quarter, compared to the consensus estimate of $105.11 million. During the same period in the prior year, the company posted $0.24 earnings per share. As a group, sell-side analysts anticipate that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CMPO. B. Riley upped their price target on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. Needham & Company LLC restated a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a research note on Monday, November 11th. Lake Street Capital lifted their price target on shares of CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Compass Point increased their price objective on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Finally, Benchmark reiterated a “buy” rating and set a $17.00 target price on shares of CompoSecure in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.79.

Insider Activity at CompoSecure

In other CompoSecure news, insider Adam Joseph Lowe sold 5,730 shares of the stock in a transaction dated 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 of the company’s stock, valued at $15,571,238.95. This represents a 0.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 2,043,320 shares of the company’s stock, valued at approximately $15,427,066. This represents a 83.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,641,727 shares of company stock valued at $80,370,824 in the last three months. Corporate insiders own 74.99% of the company’s stock.

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.