CompoSecure, Inc. (NASDAQ:CMPO) Shares Sold by Steamboat Capital Partners LLC

Steamboat Capital Partners LLC lowered its position in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,653,402 shares of the company's stock after selling 66,648 shares during the period. CompoSecure accounts for 7.9% of Steamboat Capital Partners LLC's portfolio, making the stock its largest holding. Steamboat Capital Partners LLC owned 1.88% of CompoSecure worth $25,347,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CMPO. Capital World Investors acquired a new position in shares of CompoSecure during the 4th quarter worth $27,387,000. Divisadero Street Capital Management LP bought a new stake in CompoSecure in the fourth quarter worth $16,075,000. Nine Ten Capital Management LLC acquired a new position in CompoSecure during the fourth quarter worth $13,925,000. Locust Wood Capital Advisers LLC raised its holdings in CompoSecure by 19.1% during the fourth quarter. Locust Wood Capital Advisers LLC now owns 4,579,143 shares of the company's stock valued at $70,198,000 after buying an additional 734,202 shares in the last quarter. Finally, Zuckerman Investment Group LLC lifted its position in shares of CompoSecure by 85.0% in the fourth quarter. Zuckerman Investment Group LLC now owns 1,525,207 shares of the company's stock worth $24,098,000 after buying an additional 700,858 shares during the last quarter. 37.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CMPO. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price objective on shares of CompoSecure in a research note on Tuesday, May 13th. Wall Street Zen lowered shares of CompoSecure from a "buy" rating to a "hold" rating in a research report on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Finally, Lake Street Capital lowered their target price on shares of CompoSecure from $18.00 to $15.00 and set a "buy" 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.19.

Insider Activity

In other CompoSecure news, Director Joseph J. Deangelo acquired 45,045 shares of the company's stock in a transaction dated Monday, March 17th. The stock was bought at an average price of $11.12 per share, for a total transaction of $500,900.40. Following the purchase, the director now owns 45,045 shares in the company, valued at $500,900.40. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $16.09, for a total transaction of $154,817.98. Following the transaction, the executive now directly owns 821,782 shares of the company's stock, valued at $13,222,472.38. The trade was a 1.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,340 shares of company stock valued at $430,701. Insiders own 74.99% of the company's stock.

CompoSecure Price Performance

Shares of CMPO remained flat at $12.69 during mid-day trading on Friday. The stock had a trading volume of 414,884 shares, compared to its average volume of 844,872. The business has a 50 day moving average of $11.13 and a 200-day moving average of $13.65. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -28.86, a PEG ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a 12 month low of $5.98 and a 12 month high of $17.71.

CompoSecure (NASDAQ:CMPO - Get Free Report) last released its earnings results 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 firm had revenue of $103.90 million during the quarter, compared to analysts' expectations of $103.22 million. Research analysts expect that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

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.