Ashford Capital Management Inc. Invests $236,000 in CompoSecure, Inc. (NASDAQ:CMPO)

Ashford Capital Management Inc. purchased a new stake in CompoSecure, Inc. (NASDAQ:CMPO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,400 shares of the company’s stock, valued at approximately $236,000.

A number of other large investors have also made changes to their positions in CMPO. KLP Kapitalforvaltning AS bought a new position in CompoSecure during the fourth quarter worth about $75,000. Wolverine Asset Management LLC raised its position in shares of CompoSecure by 76.3% during the fourth quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company’s stock worth $143,000 after purchasing an additional 4,039 shares during the period. Price T Rowe Associates Inc. MD bought a new position in shares of CompoSecure during the 4th quarter valued at about $156,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of CompoSecure by 33.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company’s stock valued at $161,000 after purchasing an additional 2,547 shares during the period. Finally, Clear Harbor Asset Management LLC bought a new stake in CompoSecure during the 4th quarter worth approximately $162,000. Institutional investors own 37.56% of the company’s stock.

Insider Activity at CompoSecure

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

Analyst Upgrades and Downgrades

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

CompoSecure Stock Down 3.3%

NASDAQ CMPO opened at $12.38 on Tuesday. The firm’s 50 day moving average is $11.03 and its 200-day moving average is $13.69. The company has a market capitalization of $1.27 billion, a PE ratio of -28.14, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a 12-month low of $5.98 and a 12-month high of $17.71.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $103.90 million for the quarter, compared to analyst estimates of $103.22 million. As a group, sell-side analysts expect that CompoSecure, Inc. will post 1.02 EPS for the current year.

CompoSecure Company 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.