Woodson Capital Management LP Acquires Shares of 770,000 CompoSecure, Inc. (NASDAQ:CMPO)

Woodson Capital Management LP bought a new stake in CompoSecure, Inc. (NASDAQ:CMPO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 770,000 shares of the company’s stock, valued at approximately $10,795,000. CompoSecure comprises approximately 2.1% of Woodson Capital Management LP’s investment portfolio, making the stock its 20th largest position. Woodson Capital Management LP owned about 0.87% of CompoSecure at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CMPO. Wealth Enhancement Advisory Services LLC increased its holdings in CompoSecure by 1.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company’s stock worth $574,000 after buying an additional 701 shares during the last quarter. CWM LLC increased its position in CompoSecure by 42.0% in the third quarter. CWM LLC now owns 5,192 shares of the company’s stock worth $73,000 after buying an additional 1,536 shares during the last quarter. Bard Associates Inc. raised its stake in shares of CompoSecure by 0.6% in the third quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock valued at $4,280,000 after buying an additional 1,957 shares during the period. Rhumbline Advisers lifted its position in shares of CompoSecure by 17.3% during the 2nd quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock valued at $133,000 after buying an additional 2,877 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in CompoSecure in the 3rd quarter worth about $72,000. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

CompoSecure Stock Down 0.1 %

Shares of NASDAQ:CMPO opened at $16.17 on Friday. The stock’s 50-day moving average price is $14.69 and its 200-day moving average price is $10.67. CompoSecure, Inc. has a 12-month low of $4.61 and a 12-month high of $16.38.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $107.14 million for the quarter, compared to the consensus estimate of $105.11 million. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, equities research analysts predict that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

Insider Activity

In other CompoSecure news, insider Adam Joseph Lowe sold 5,730 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $12.05, for a total value of $69,046.50. Following the completion of the transaction, the insider now directly owns 1,292,219 shares in the company, valued at approximately $15,571,238.95. This represents a 0.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jonathan Wilk sold 618,014 shares of CompoSecure stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the sale, the chief executive officer now directly owns 618,013 shares in the company, valued at $4,665,998.15. The trade was a 50.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,641,727 shares of company stock valued at $80,370,824. Insiders own 74.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CMPO shares. Compass Point lifted their target price on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Needham & Company LLC restated a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a research note on Monday, November 11th. Benchmark reissued a “buy” rating and issued a $17.00 price target on shares of CompoSecure in a report on Tuesday, November 12th. Bank of America boosted their price objective on shares of CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CompoSecure presently has an average rating of “Moderate Buy” and a consensus target price 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.