CompoSecure (NASDAQ:CMPO) Sees Strong Trading Volume After Analyst Upgrade

Shares of CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) saw an uptick in trading volume on Monday after B. Riley raised their price target on the stock from $17.00 to $18.00. B. Riley currently has a buy rating on the stock. 109,861 shares were traded during mid-day trading, a decline of 52% from the previous session's volume of 231,201 shares.The stock last traded at $6.66 and had previously closed at $6.69.

Several other research analysts also recently commented on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 target price on shares of CompoSecure in a report on Tuesday, May 7th. Benchmark lifted their target price on shares of CompoSecure from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.33.

Insider Transactions at CompoSecure

In other CompoSecure news, major shareholder Lp Bleichroeder bought 800,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average price of $6.50 per share, with a total value of $5,200,000.00. Following the completion of the purchase, the insider now directly owns 3,797,550 shares in the company, valued at approximately $24,684,075. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 74.99% of the company's stock.

Institutional Trading of CompoSecure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMPO. Skandinaviska Enskilda Banken AB publ acquired a new position in CompoSecure in the third quarter valued at about $150,000. Allspring Global Investments Holdings LLC boosted its position in 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 in the last quarter. Kerrisdale Advisers LLC acquired a new position in CompoSecure in the third quarter valued at about $267,000. GSA Capital Partners LLP boosted its position in CompoSecure by 87.9% in the first quarter. GSA Capital Partners LLP now owns 103,875 shares of the company's stock valued at $751,000 after buying an additional 48,586 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC acquired a new position in CompoSecure in the first quarter valued at about $1,424,000. Institutional investors own 37.56% of the company's stock.

CompoSecure Stock Down 2.1 %

The stock has a market capitalization of $527.86 million, a price-to-earnings ratio of 6.75 and a beta of 0.72. The stock's 50-day simple moving average is $6.59 and its 200 day simple moving average is $5.73.

CompoSecure (NASDAQ:CMPO - Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. CompoSecure had a net margin of 5.14% and a negative return on equity of 11.00%. The firm had revenue of $99.90 million for the quarter, compared to analyst estimates of $95.86 million. As a group, equities research analysts anticipate that CompoSecure, Inc. will post 1.08 earnings per share for the current year.

CompoSecure Dividend Announcement

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

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.