Millennium Management LLC Sells 260,396 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

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

A number of other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of CompoSecure by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 11,399 shares of the company's stock valued at $175,000 after buying an additional 967 shares in the last quarter. First Trust Advisors LP lifted its holdings in CompoSecure by 2.2% during the fourth quarter. First Trust Advisors LP now owns 100,124 shares of the company's stock valued at $1,535,000 after purchasing an additional 2,149 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of CompoSecure by 1.9% in the fourth quarter. Ameriprise Financial Inc. now owns 133,399 shares of the company's stock worth $2,045,000 after purchasing an additional 2,521 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of CompoSecure by 33.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company's stock worth $161,000 after purchasing an additional 2,547 shares in the last quarter. Finally, Rowlandmiller & PARTNERS.ADV increased its stake in shares of CompoSecure by 25.4% in the fourth quarter. Rowlandmiller & PARTNERS.ADV now owns 13,325 shares of the company's stock worth $204,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors own 37.56% of the company's stock.

Insiders Place Their Bets

In related 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph J. Deangelo bought 45,045 shares of the company's stock in a transaction on Monday, March 17th. The shares were acquired at an average price of $11.12 per share, with a total value of $500,900.40. Following the transaction, the director now directly owns 45,045 shares of the company's stock, valued at approximately $500,900.40. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 52.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on CMPO. Wall Street Zen cut shares of CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Needham & Company LLC reiterated 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 lowered 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, JPMorgan Chase & Co. dropped 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, CompoSecure presently has an average rating of "Moderate Buy" and an average target price of $16.19.

CompoSecure Price Performance

Shares of NASDAQ CMPO traded down $0.53 during midday trading on Friday, reaching $13.66. 614,767 shares of the stock traded hands, compared to its average volume of 892,046. The company's 50 day moving average is $12.02 and its 200 day moving average is $13.52. CompoSecure, Inc. has a one year low of $6.14 and a one year high of $17.71. The stock has a market capitalization of $1.40 billion, a PE ratio of -31.05, a P/E/G ratio of 2.63 and a beta of 0.95.

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

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.