Insider Selling: CompoSecure, Inc. (NASDAQ:CMPO) Major Shareholder Sells 183,002 Shares of Stock

CompoSecure, Inc. (NASDAQ:CMPO – Get Rating) major shareholder Donald G. Basile sold 183,002 shares of the firm’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $5.88, for a total value of $1,076,051.76. Following the completion of the transaction, the insider now directly owns 1,708,933 shares of the company’s stock, valued at $10,048,526.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

CompoSecure Stock Up 0.7 %

CompoSecure stock traded up $0.04 during mid-day trading on Wednesday, hitting $6.04. 91,838 shares of the company were exchanged, compared to its average volume of 213,527. The company has a market capitalization of $461.13 million, a PE ratio of 2.73 and a beta of 0.67. The business has a fifty day moving average of $4.95 and a 200 day moving average of $5.30. CompoSecure, Inc. has a 1-year low of $4.26 and a 1-year high of $9.09.

CompoSecure (NASDAQ:CMPO – Get Rating) last announced its earnings results on Wednesday, November 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. CompoSecure had a net margin of 10.97% and a negative return on equity of 3.01%. The business had revenue of $103.31 million during the quarter, compared to analysts’ expectations of $98.39 million. Research analysts expect that CompoSecure, Inc. will post 0.97 earnings per share for the current year.

Institutional Trading of CompoSecure

Several hedge funds have recently modified their holdings of CMPO. Tower Research Capital LLC TRC grew its position in CompoSecure by 485.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,591 shares of the company’s stock worth $33,000 after acquiring an additional 5,465 shares during the last quarter. Royal Bank of Canada raised its position in CompoSecure by 120.6% in the 1st quarter. Royal Bank of Canada now owns 4,854 shares of the company’s stock valued at $37,000 after purchasing an additional 2,654 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in CompoSecure in the first quarter worth $38,000. HBK Sorce Advisory LLC bought a new stake in shares of CompoSecure during the third quarter worth $39,000. Finally, Trexquant Investment LP acquired a new stake in shares of CompoSecure in the third quarter valued at $54,000. Institutional investors and hedge funds own 31.77% of the company’s stock.

Analysts Set New Price Targets

CMPO has been the subject of a number of recent research reports. JPMorgan Chase & Co. began coverage on shares of CompoSecure in a research note on Tuesday, October 11th. They issued an “overweight” rating and a $10.00 price objective for the company. BTIG Research assumed coverage on shares of CompoSecure in a research report on Tuesday, December 13th. They issued a “buy” rating and a $9.00 price target for the company.

CompoSecure Company Profile

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CompoSecure, Inc manufactures and designs metal, plastic, composite ID, 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 comprise the Arculus Key card Cold Storage hardware device and companion Arculus Wallet mobile App to keep the Private Key in the Arculus Key card highly secure and store cryptocurrency and digital assets.