Bleichroeder LP has recently announced that it has increased stake in CompoSecure Inc. (NASDAQ:CMPO) by 1.91%. After grabbing 2.99 million shares, the institutional investor is now in possession of 56106.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 18.97% having worth around $14.98 million. Moreover, Tikvah Management LLC increased its share by 0.14 million to have a control over 1.04 million shares. And Corsair Capital Management LP raised its holdings to 0.15 million shares by acquiring 0.71 million shares or 4.51% of the stake.
CompoSecure Inc. (CMPO) concluded trading on 01/12/23 at a closing price of $5.00, with 0.34 million shares of worth about $1.69 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.29% during that period and on Thursday the price saw a gain of about 0.81%. Currently the company’s common shares owned by public are about 15.43M shares, out of which, 7.78M shares are available for trading.
Top 5 Undervalued Stocks To Own In 2023
Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.
Click here to download your Free Research Report…
Sponsored
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the CMPO stock and their offered price forecasts bring an average price target of $11.33. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $15.00 and could fall to a lowest price of $9.00. The stock’s current price level is 55.87% above of average price target set by the analysts, while a rise to estimated low would result in gain of 44.44% for the stock. However, touching the estimated high of $15.00 would mean a gain of 66.67% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 176 times over the past 12 months. They bought 6,165,580 shares in 93 of the transactions. In 83 selling transactions, insiders dumped 5,317,173 shares.
Amplify Transformational Data Sha, Barra FIM Crédito Privado Investi, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in CompoSecure Inc. Amplify Transformational Data Sha is currently holding 1.15 million shares of worth totaling $5.74 million. The company recently came buying 0.0 shares which brought its stake up to 7.27% of the company’s outstanding shares. iShares Russell 2000 ETF, after buying 0.13 million shares, have now control over 0.80% of the stake in the company. It holds 252.0 shares of worth $0.63 million.
CompoSecure Inc. (NASDAQ: CMPO) started trading at $4.99, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 5.0785, or with a gain of 0.81%. Stock saw a price change of 1.21% in past 5 days and over the past one month there was a price change of 3.09%. Year-to-date (YTD), CMPO shares are showing a performance of 1.83% which decreased to -34.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.26 but also hit the highest price of $9.09 during that period. The average intraday trading volume for CompoSecure Inc. shares is 93.47K. The stock is currently trading 3.71% above its 20-day simple moving average (SMA20), while that difference is up 2.41% for SMA50 and it goes to -14.01% lower than SMA200.
Bleichroeder LP acquired 2.99 million shares of CompoSecure Inc. having value of about $14.98 million. Data submitted at the U.S SEC by Bleichroeder LP revealed that the firm now holds 56106.0 shares in the company valued at close to $280530.0, or have control over 1.91% stake in the company. CompoSecure Inc. (NASDAQ: CMPO) currently have 15.43M outstanding shares and institutions hold larger chunk of about 63.40% of that. Holding of mutual funds in the company is about 47.11% while other institutional holders and individual stake holders have control over 57.89% and 15.38% of the stake respectively.
The stock has a current market capitalization of $384.90M. PE ratio of stock for trailing 12 months is 7.00, while it has posted earnings per share of $0.71 in the same period. It has Quick Ratio of 1.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CMPO, volatility over the week remained 3.82% while standing at 5.01% over the month.
Analysts are in expectations that CompoSecure Inc. (CMPO) stock would likely to be making an EPS of $0.25 in the current quarter, while forecast for next quarter EPS is $0.21 and it is $1.27 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.25 which is $0.26 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 170.70% while it is estimated to increase by 12.96% in next year.
Analysts at 3 brokerage firms have issued recommendations for the CompoSecure Inc. (CMPO)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.70. Out of those 3 Wall Street analysts, 3 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on December 14, 2022 offering a Buy rating for the stock and assigned a target price of $9 to it. Coverage by Needham stated CompoSecure Inc. (CMPO) stock as a Buy in their note to investors on January 28, 2022, suggesting a price target of $14 for the stock.
