CompoSecure (NASDAQ:CMPO) Sees Unusually-High Trading Volume

Shares of CompoSecure, Inc. (NASDAQ:CMPO) saw unusually-strong trading volume on Wednesday . Approximately 556,782 shares changed hands during mid-day trading, an increase of 136% from the previous session’s volume of 235,627 shares.The stock last traded at $7.49 and had previously closed at $7.43.

Wall Street Analysts Forecast Growth

CMPO has been the subject of a number of recent analyst reports. B. Riley upped their price target on shares of CompoSecure from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, May 10th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of CompoSecure in a report on Tuesday, May 7th. Lake Street Capital initiated coverage on shares of CompoSecure in a report on Thursday, June 27th. They set a “buy” rating and a $12.00 price target for the company. Benchmark upped their price target on shares of CompoSecure from $8.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, Bank of America initiated coverage on shares of CompoSecure in a report on Wednesday. They set a “buy” rating and a $9.00 price target for the company. One research analyst has rated the stock with a hold rating and six have given 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 $11.71.

CompoSecure Stock Performance

The stock’s 50-day simple moving average is $6.65 and its 200-day simple moving average is $6.08. The firm has a market capitalization of $610.87 million, a PE ratio of 7.66 and a beta of 0.71.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $104.01 million for the quarter, compared to the consensus estimate of $98.20 million. CompoSecure had a net margin of 5.14% and a negative return on equity of 11.00%. As a group, analysts predict that CompoSecure, Inc. will post 1.09 earnings per share for the current fiscal year.

CompoSecure Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, June 11th. Shareholders of record on Monday, May 20th were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 17th.

Insider Buying and Selling at CompoSecure

In other news, Director Michele Logan sold 2,968,065 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $6.50, for a total value of $19,292,422.50. Following the sale, the director now directly owns 20,829 shares of the company’s stock, valued at approximately $135,388.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Llr Equity Partners Iv, L.P. sold 4,752,150 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $6.50, for a total value of $30,888,975.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michele Logan sold 2,968,065 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $6.50, for a total transaction of $19,292,422.50. Following the completion of the sale, the director now directly owns 20,829 shares in the company, valued at $135,388.50. The disclosure for this sale can be found here. Insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

A number of hedge funds have recently bought and sold shares of CMPO. CWM LLC boosted its stake in CompoSecure by 205.9% in the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock worth $25,000 after purchasing an additional 2,461 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in CompoSecure in the 1st quarter valued at approximately $91,000. Quadrature Capital Ltd purchased a new stake in CompoSecure during the 1st quarter valued at $158,000. GSA Capital Partners LLP increased its holdings in shares of CompoSecure by 87.9% in the 1st quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock worth $751,000 after purchasing an additional 48,586 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC purchased a new position in shares of CompoSecure in the first quarter worth $1,424,000. Institutional investors own 37.56% of the company’s stock.

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.