Bank of America Initiates Coverage on CompoSecure (NASDAQ:CMPO)

Bank of America started coverage on shares of CompoSecure (NASDAQ:CMPO) in a report issued on Wednesday, MarketBeat reports. The brokerage issued a buy rating and a $9.00 target price on the stock.

Several other equities analysts also recently weighed in on CMPO. Needham & Company LLC reissued a buy rating and issued a $15.00 price target on shares of CompoSecure in a research note on Tuesday, May 7th. B. Riley raised their price target on shares of CompoSecure from $17.00 to $18.00 and gave the stock a buy rating in a research note on Friday, May 10th. Lake Street Capital started coverage on shares of CompoSecure in a research note on Thursday, June 27th. They issued a buy rating and a $12.00 price target on the stock. Finally, Benchmark raised their price target on shares of CompoSecure from $8.00 to $10.00 and gave the stock a buy rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, CompoSecure currently has an average rating of Moderate Buy and a consensus target price of $11.71.

CompoSecure Stock Up 0.1 %

CMPO opened at $7.51 on Wednesday. The company has a market cap of $605.24 million, a price-to-earnings ratio of 7.74 and a beta of 0.71. CompoSecure has a 52-week low of $4.61 and a 52-week high of $8.16. The firm’s fifty day simple moving average is $6.67 and its two-hundred day simple moving average is $6.11.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, research analysts forecast that CompoSecure will post 1.09 EPS for the current year.

CompoSecure Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, June 11th. Investors 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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC boosted its stake in shares of CompoSecure by 205.9% in the second 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 period. B. Riley Wealth Advisors Inc. purchased a new position in shares of CompoSecure in the first quarter valued at approximately $91,000. Vanguard Group Inc. boosted its stake in shares of CompoSecure by 1.6% in the first 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 period. Quadrature Capital Ltd purchased a new position in shares of CompoSecure in the first quarter valued at approximately $158,000. Finally, GSA Capital Partners LLP boosted its stake in shares of CompoSecure by 87.9% in the first quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock valued at $751,000 after purchasing an additional 48,586 shares during the period. Hedge funds and other 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.