CompoSecure, Inc. (NASDAQ:CMPO) is Steamboat Capital Partners LLC's Largest Position

Steamboat Capital Partners LLC lowered its position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,653,402 shares of the company's stock after selling 66,648 shares during the quarter. CompoSecure accounts for about 7.9% of Steamboat Capital Partners LLC's investment portfolio, making the stock its largest position. Steamboat Capital Partners LLC owned approximately 1.88% of CompoSecure worth $25,347,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CMPO. KLP Kapitalforvaltning AS bought a new stake in shares of CompoSecure during the 4th quarter valued at $75,000. Wolverine Asset Management LLC increased its stake in CompoSecure by 76.3% in the 4th quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company's stock worth $143,000 after buying an additional 4,039 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in CompoSecure during the fourth quarter valued at about $156,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position 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 valued at $161,000 after acquiring an additional 2,547 shares in the last quarter. Finally, Clear Harbor Asset Management LLC bought a new position in shares of CompoSecure in the fourth quarter worth about $162,000. 37.56% of the stock is currently owned by institutional investors.

CompoSecure Trading Up 1.1%

Shares of CMPO stock traded up $0.14 on Tuesday, reaching $12.52. The company's stock had a trading volume of 493,060 shares, compared to its average volume of 843,043. The stock's fifty day simple moving average is $11.07 and its 200-day simple moving average is $13.68. CompoSecure, Inc. has a 1 year low of $5.98 and a 1 year high of $17.71. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -28.45, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87.

CompoSecure (NASDAQ:CMPO - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $103.22 million. Equities research analysts forecast that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Analyst Ratings Changes

CMPO has been the topic of several recent analyst reports. Lake Street Capital decreased their target price on CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut their price objective on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of CompoSecure in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, CompoSecure has a consensus rating of "Moderate Buy" and an average target price of $16.19.

Insider Activity at CompoSecure

In other news, Director Resolute Compo Holdings Llc acquired 233,070 shares of the company's stock in a transaction on Thursday, February 20th. The stock was bought at an average cost of $16.57 per share, with a total value of $3,861,969.90. Following the completion of the purchase, the director now directly owns 879,963 shares of the company's stock, valued at $14,580,986.91. This represents a 36.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph J. Deangelo bought 45,045 shares of CompoSecure stock in a transaction dated Monday, March 17th. The stock was purchased at an average cost of $11.12 per share, for a total transaction of $500,900.40. Following the purchase, the director now owns 45,045 shares of the company's stock, valued at approximately $500,900.40. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 34,340 shares of company stock valued at $430,701. Insiders own 74.99% of the company's stock.

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.