Wolverine Asset Management LLC Buys Shares of 5,296 CompoSecure, Inc. (NASDAQ:CMPO)

Wolverine Asset Management LLC purchased a new position in CompoSecure, Inc. (NASDAQ:CMPO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,296 shares of the company’s stock, valued at approximately $74,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMPO. Vanguard Group Inc. raised its position in CompoSecure by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 843,476 shares of the company’s stock worth $6,098,000 after buying an additional 13,081 shares during the last quarter. Boston Partners raised its holdings in shares of CompoSecure by 40.8% during the first quarter. Boston Partners now owns 557,136 shares of the company’s stock valued at $4,028,000 after purchasing an additional 161,333 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in CompoSecure by 146.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock valued at $3,308,000 after purchasing an additional 289,451 shares during the period. Rice Hall James & Associates LLC purchased a new stake in CompoSecure in the third quarter worth approximately $3,766,000. Finally, Renaissance Technologies LLC grew its position in CompoSecure by 165.4% in the 2nd quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock worth $1,424,000 after purchasing an additional 130,489 shares during the period. 37.56% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $75,635,771.65. Following the sale, the director now owns 2,043,320 shares in the company, valued at $15,427,066. The trade was a 83.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jonathan Wilk sold 618,014 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $4,666,005.70. Following the transaction, the chief executive officer now owns 618,013 shares of the company’s stock, valued at approximately $4,665,998.15. The trade was a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,641,727 shares of company stock worth $80,370,824 in the last three months. 74.99% of the stock is owned by company insiders.

CompoSecure Trading Up 1.5 %

CompoSecure stock opened at $13.94 on Friday. CompoSecure, Inc. has a 12-month low of $4.61 and a 12-month high of $16.14. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -31.09, a P/E/G ratio of 1.13 and a beta of 0.76. The firm has a 50 day moving average of $14.02 and a 200 day moving average of $10.06.

CompoSecure (NASDAQ:CMPO) last released its earnings results on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. The firm had revenue of $107.14 million for the quarter, compared to analysts’ expectations of $105.11 million. During the same quarter last year, the firm posted $0.24 EPS. On average, analysts predict that CompoSecure, Inc. will post 1.02 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CMPO shares. Compass Point increased their price target on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a report on Tuesday, August 20th. Lake Street Capital raised their target price on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. B. Riley increased their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a report on Monday. Finally, Bank of America upped their target price on shares of CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, CompoSecure presently has an average rating of “Moderate Buy” and a consensus price target of $15.79.

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.