Two Sigma Investments LP Sells 67,999 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Two Sigma Investments LP cut its holdings in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 8.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 701,127 shares of the company's stock after selling 67,999 shares during the period. Two Sigma Investments LP owned approximately 0.80% of CompoSecure worth $10,748,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in CompoSecure during the fourth quarter worth approximately $75,000. Wolverine Asset Management LLC lifted its stake in shares of CompoSecure by 76.3% in the 4th quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company's stock valued at $143,000 after acquiring an additional 4,039 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of CompoSecure during the fourth quarter valued at about $156,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in CompoSecure by 33.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company's stock worth $161,000 after acquiring an additional 2,547 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in CompoSecure in the fourth quarter valued at $165,000. Institutional investors and hedge funds own 37.56% of the company's stock.

CompoSecure Price Performance

NASDAQ:CMPO traded up $0.20 during trading hours on Wednesday, hitting $13.69. The stock had a trading volume of 977,485 shares, compared to its average volume of 858,276. CompoSecure, Inc. has a one year low of $5.98 and a one year high of $17.71. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -31.10, a P/E/G ratio of 2.63 and a beta of 0.87. The company has a 50 day simple moving average of $11.26 and a two-hundred day simple moving average of $13.61.

CompoSecure (NASDAQ:CMPO - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.06. The business had revenue of $103.90 million for the quarter, compared to the consensus estimate of $103.22 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. Equities research analysts anticipate that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Adam Joseph Lowe sold 5,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the completion of the sale, the insider now directly owns 1,481,036 shares in the company, valued at $16,306,206.36. This represents a 0.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of CompoSecure stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $16.09, for a total value of $154,817.98. Following the completion of the transaction, the executive now directly owns 821,782 shares in the company, valued at $13,222,472.38. This trade represents a 1.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,440 shares of company stock valued at $416,301. 74.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CMPO has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their target price on CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Wall Street Zen lowered shares of CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Lake Street Capital dropped their price target on CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Finally, Needham & Company LLC reissued a "buy" rating and set a $15.00 target price on shares of CompoSecure in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.19.

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.