CompoSecure (NASDAQ:CMPO) Shares Gap Down to $6.63

CompoSecure, Inc. (NASDAQ:CMPO)’s share price gapped down before the market opened on Friday . The stock had previously closed at $6.63, but opened at $6.45. CompoSecure shares last traded at $6.59, with a volume of 74,780 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on CMPO. Benchmark lifted their price objective on CompoSecure from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. B. Riley lifted their price objective on CompoSecure from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of CompoSecure in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, CompoSecure currently has a consensus rating of “Moderate Buy” and an average target price of $12.33.

CompoSecure Stock Performance

The business has a 50-day moving average price of $6.71 and a 200 day moving average price of $5.75. The stock has a market capitalization of $534.31 million, a P/E ratio of 6.84 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $99.90 million for the quarter, compared to analysts’ expectations of $95.86 million. CompoSecure had a negative return on equity of 11.00% and a net margin of 5.14%. As a group, research analysts forecast that CompoSecure, Inc. will post 1.09 earnings per share for the current fiscal year.

CompoSecure Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 11th. Investors of record on Monday, May 20th will be given a $0.30 dividend. The ex-dividend date is Friday, May 17th.

Insider Buying and Selling at CompoSecure

In related news, major shareholder Lp Bleichroeder bought 800,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average cost of $6.50 per share, with a total value of $5,200,000.00. Following the acquisition, the insider now owns 3,797,550 shares in the company, valued at $24,684,075. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Llr Equity Partners Iv, L.P. sold 4,752,150 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $6.50, for a total transaction of $30,888,975.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Lp Bleichroeder purchased 800,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were purchased at an average cost of $6.50 per share, with a total value of $5,200,000.00. Following the completion of the purchase, the insider now owns 3,797,550 shares of the company’s stock, valued at approximately $24,684,075. The disclosure for this purchase can be found here. Company insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMPO. Allspring Global Investments Holdings LLC lifted its stake in shares of CompoSecure by 67.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock valued at $164,000 after purchasing an additional 10,259 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of CompoSecure in the 1st quarter valued at approximately $91,000. Vanguard Group Inc. lifted its stake in shares of CompoSecure by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock valued at $6,098,000 after purchasing an additional 13,081 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of CompoSecure in the 1st quarter valued at approximately $158,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of CompoSecure in the 3rd quarter valued at approximately $150,000. 37.56% of the stock is owned by institutional investors.

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.