Solidarity Wealth LLC Takes $2.15 Million Position in CompoSecure, Inc. (NASDAQ:CMPO)

Solidarity Wealth LLC acquired a new stake in shares of CompoSecure, Inc. (NASDAQ:CMPO) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 140,354 shares of the company’s stock, valued at approximately $2,152,000.

A number of other hedge funds have also recently modified their holdings of the business. Pacific Ridge Capital Partners LLC boosted its holdings in CompoSecure by 146.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock worth $3,308,000 after buying an additional 289,451 shares during the period. Verition Fund Management LLC bought a new position in CompoSecure in the 3rd quarter worth $798,000. Geode Capital Management LLC boosted its holdings in CompoSecure by 34.1% in the 3rd quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock worth $8,214,000 after buying an additional 148,833 shares during the period. State Street Corp boosted its holdings in CompoSecure by 20.1% in the 3rd quarter. State Street Corp now owns 395,691 shares of the company’s stock worth $5,548,000 after buying an additional 66,232 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings 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 buying an additional 130,489 shares during the period. Institutional investors own 37.56% of the company’s stock.

CompoSecure Stock Performance

Shares of NASDAQ CMPO opened at $14.76 on Tuesday. The firm’s 50-day moving average price is $15.41 and its 200-day moving average price is $13.02. CompoSecure, Inc. has a 12-month low of $4.61 and a 12-month high of $17.03.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data 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 return on equity of 14.87% and a negative net margin of 5.63%. The firm had revenue of $107.14 million during the quarter, compared to analysts’ expectations of $105.11 million. During the same period last year, the company earned $0.24 earnings per share. Analysts anticipate that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Gregoire Maes sold 55,137 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.40, for a total transaction of $904,246.80. Following the transaction, the chief operating officer now directly owns 762,009 shares in the company, valued at approximately $12,496,947.60. This trade represents a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Joseph Lowe sold 66,350 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $15.91, for a total transaction of $1,055,628.50. Following the transaction, the insider now owns 1,358,692 shares in the company, valued at approximately $21,616,789.72. This represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 180,660 shares of company stock valued at $2,921,066 in the last ninety days. 74.99% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on CMPO shares. Benchmark reaffirmed a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th. B. Riley increased their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. Needham & Company LLC reissued a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a report on Monday, November 11th. TD Cowen assumed coverage on shares of CompoSecure in a report on Wednesday, December 18th. They set a “buy” rating and a $20.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.81.

CompoSecure Profile

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.