Gregoire Maes Sells 55,137 Shares of CompoSecure, Inc. (NASDAQ:CMPO) Stock

CompoSecure, Inc. (NASDAQ:CMPO) COO Gregoire Maes sold 55,137 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.40, for a total transaction of $904,246.80. Following the completion of the sale, the chief operating officer now directly owns 762,009 shares in the company, valued at $12,496,947.60. This represents a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Gregoire Maes also recently made the following trade(s):

• On Friday, November 29th, Gregoire Maes sold 540 shares of CompoSecure stock. The shares were sold at an average price of $16.20, for a total transaction of $8,748.00.
• On Wednesday, November 27th, Gregoire Maes sold 24,323 shares of CompoSecure stock. The stock was sold at an average price of $16.25, for a total transaction of $395,248.75.

CompoSecure Trading Down 1.1 %

Shares of CMPO stock traded down $0.17 during mid-day trading on Monday, reaching $15.99. The stock had a trading volume of 952,637 shares, compared to its average volume of 538,239. The firm has a market capitalization of $1.41 billion, a PE ratio of -36.36, a price-to-earnings-growth ratio of 1.28 and a beta of 0.76. The stock’s 50-day moving average price is $14.99 and its two-hundred day moving average price is $11.12. CompoSecure, Inc. has a 52-week low of $4.61 and a 52-week high of $16.77.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $107.14 million for the quarter, compared to analysts’ expectations of $105.11 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. During the same quarter in the prior year, the firm earned $0.24 EPS. On average, equities research analysts forecast that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Analyst Ratings Changes

CMPO has been the subject of several research analyst reports. Compass Point lifted their price target on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a report on Monday, November 11th. JPMorgan Chase & Co. increased their target price on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Lake Street Capital upped their price target on shares of CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Benchmark reiterated a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.36.

Institutional Trading of CompoSecure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMPO. Tyro Capital Management LLC purchased a new position in CompoSecure during the 3rd quarter valued at $27,978,000. Woodson Capital Management LP purchased a new position in shares of CompoSecure during the third quarter valued at about $10,795,000. Concentric Capital Strategies LP bought a new position in CompoSecure in the third quarter worth about $5,445,000. Progeny 3 Inc. purchased a new stake in CompoSecure in the third quarter worth about $5,243,000. Finally, Pacific Ridge Capital Partners LLC boosted its position in CompoSecure by 146.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock valued at $3,308,000 after acquiring an additional 289,451 shares in the last quarter. 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.