Millennium Management LLC Has $360,000 Stock Holdings in CompoSecure, Inc. (NASDAQ:CMPO)

Millennium Management LLC lessened its holdings in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 91.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,457 shares of the company's stock after selling 260,396 shares during the period. Millennium Management LLC's holdings in CompoSecure were worth $360,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital World Investors acquired a new position in shares of CompoSecure during the fourth quarter worth approximately $27,387,000. Divisadero Street Capital Management LP bought a new stake in CompoSecure in the 4th quarter valued at $16,075,000. Nine Ten Capital Management LLC bought a new stake in CompoSecure in the 4th quarter valued at $13,925,000. Locust Wood Capital Advisers LLC grew its position in CompoSecure by 19.1% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 4,579,143 shares of the company's stock worth $70,198,000 after purchasing an additional 734,202 shares during the last quarter. Finally, Zuckerman Investment Group LLC increased its holdings in shares of CompoSecure by 85.0% during the 4th quarter. Zuckerman Investment Group LLC now owns 1,525,207 shares of the company's stock worth $24,098,000 after purchasing an additional 700,858 shares during the period. 37.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CompoSecure news, insider Adam Joseph Lowe sold 5,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.01, for a total transaction of $55,050.00. Following the transaction, the insider now directly owns 1,481,036 shares in the company, valued at approximately $16,306,206.36. This represents a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph J. Deangelo purchased 45,045 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average cost of $11.12 per share, with a total value of $500,900.40. Following the completion of the purchase, the director now owns 45,045 shares of the company's stock, valued at $500,900.40. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 52.10% of the company's stock.

CompoSecure Stock Performance

Shares of NASDAQ CMPO traded up $0.48 during mid-day trading on Thursday, hitting $14.23. 277,478 shares of the stock were exchanged, compared to its average volume of 881,418. CompoSecure, Inc. has a twelve month low of $6.13 and a twelve month high of $17.71. The stock's fifty day simple moving average is $11.86 and its two-hundred day simple moving average is $13.54. The company has a market cap of $1.46 billion, a P/E ratio of -32.34, a PEG ratio of 2.63 and a beta of 0.95.

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

Wall Street Analysts Forecast Growth

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

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.