CompoSecure (NASDAQ:CMPO) Shares Gap Down to $7.50

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $7.50, but opened at $6.85. CompoSecure shares last traded at $7.00, with a volume of 708,529 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently commented on CMPO. B. Riley lifted their price objective on CompoSecure from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Thursday, March 7th. Benchmark upped their target price on shares of CompoSecure from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Needham & Company LLC restated a "buy" rating and issued a $15.00 price target on shares of CompoSecure in a research report on Tuesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $12.17.

CompoSecure Stock Performance

The company has a 50-day moving average of $6.51 and a 200-day moving average of $5.72. The firm has a market capitalization of $545.19 million, a price-to-earnings ratio of 7.44 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO - Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $99.90 million for the quarter, compared to analysts' expectations of $95.86 million. CompoSecure had a negative return on equity of 10.41% and a net margin of 4.82%. As a group, analysts anticipate that CompoSecure, Inc. will post 1.09 EPS for the current fiscal year.

CompoSecure Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Monday, May 20th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 17th.

Institutional Trading of CompoSecure

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of CompoSecure by 67.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company's stock valued at $164,000 after buying an additional 10,259 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in CompoSecure in the 3rd quarter valued at about $150,000. Kerrisdale Advisers LLC acquired a new position in shares of CompoSecure in the 3rd quarter valued at approximately $267,000. Steamboat Capital Partners LLC lifted its holdings in shares of CompoSecure by 1.9% during the 3rd quarter. Steamboat Capital Partners LLC now owns 2,451,883 shares of the company's stock worth $15,815,000 after acquiring an additional 45,501 shares during the period. Finally, GSA Capital Partners LLP boosted its position in shares of CompoSecure by 87.9% during the 1st quarter. GSA Capital Partners LLP now owns 103,875 shares of the company's stock worth $751,000 after acquiring an additional 48,586 shares in the last quarter. Institutional investors and hedge funds own 37.56% 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.