CompoSecure, Inc. (NASDAQ:CMPO) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP cut its stake in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 701,127 shares of the company's stock after selling 67,999 shares during the quarter. Two Sigma Investments LP owned about 0.80% of CompoSecure worth $10,748,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of CompoSecure during the fourth quarter worth about $75,000. Wolverine Asset Management LLC increased its position in shares of CompoSecure by 76.3% during the fourth quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company's stock worth $143,000 after acquiring an additional 4,039 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of CompoSecure during the fourth quarter worth about $156,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of CompoSecure by 33.3% during the fourth 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 purchased a new stake in shares of CompoSecure during the fourth quarter worth about $165,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

CompoSecure Price Performance

NASDAQ:CMPO traded down $0.19 during mid-day trading on Thursday, reaching $13.49. The stock had a trading volume of 182,596 shares, compared to its average volume of 858,659. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -30.67, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a 1-year low of $5.98 and a 1-year high of $17.71. The stock's 50 day simple moving average is $11.30 and its two-hundred day simple moving average is $13.61.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMPO. Wall Street Zen lowered CompoSecure from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 target price on shares of CompoSecure in a research report on Tuesday, May 13th. Lake Street Capital dropped their target price on CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their price target on CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $16.19.

Insider Buying and Selling at CompoSecure

In other CompoSecure news, Director Joseph J. Deangelo acquired 45,045 shares of CompoSecure stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of $11.12 per share, for a total transaction of $500,900.40. Following the completion of the transaction, the director now owns 45,045 shares in the company, valued at approximately $500,900.40. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Adam Joseph Lowe sold 18,818 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $10.97, for a total value of $206,433.46. Following the transaction, the insider now owns 1,486,036 shares of the company's stock, valued at approximately $16,301,814.92. This represents a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 74.99% of the stock is currently owned by insiders.

CompoSecure Profile

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.