Insider Selling: CompoSecure, Inc. (NASDAQ:CMPO) Major Shareholder Sells 149,880 Shares of Stock

CompoSecure, Inc. (NASDAQ:CMPO – Get Rating) major shareholder Donald G. Basile sold 149,880 shares of the business’s stock in a transaction dated Thursday, January 19th. The stock was sold at an average price of $5.62, for a total transaction of $842,325.60. Following the sale, the insider now directly owns 2,131,935 shares in the company, valued at $11,981,474.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CompoSecure Trading Up 1.4 %

Shares of CompoSecure stock opened at $5.81 on Friday. The company has a 50 day moving average of $4.91 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. The company has a market cap of $443.57 million, a PE ratio of 2.63 and a beta of 0.66.

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

Hedge Funds Weigh In On CompoSecure

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMPO. Tower Research Capital LLC TRC lifted its stake in CompoSecure by 485.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,591 shares of the company’s stock valued at $33,000 after purchasing an additional 5,465 shares during the last quarter. Royal Bank of Canada increased 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 acquiring an additional 2,654 shares during the period. JPMorgan Chase & Co. acquired a new position in CompoSecure in the 1st quarter valued at approximately $38,000. HBK Sorce Advisory LLC acquired a new position in CompoSecure in the 3rd quarter valued at approximately $39,000. Finally, Trexquant Investment LP acquired a new position in CompoSecure in the 3rd quarter valued at approximately $54,000. Institutional investors own 31.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CMPO. JPMorgan Chase & Co. began coverage on shares of CompoSecure in a research note on Tuesday, October 11th. They set an “overweight” rating and a $10.00 price objective on the stock. BTIG Research began coverage on shares of CompoSecure in a research note on Tuesday, December 13th. They issued a “buy” rating and a $9.00 price target on the stock.

About CompoSecure

(Get Rating)

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.