CompoSecure (NASDAQ:CMPO) Hits New 52-Week High After Dividend Announcement

Shares of CompoSecure, Inc. (NASDAQ:CMPO) hit a new 52-week high during mid-day trading on Tuesday following a dividend announcement from the company. The stock traded as high as $8.16 and last traded at $8.03, with a volume of 225478 shares changing hands. The stock had previously closed at $7.25.

The newly announced dividend which will be paid on Tuesday, June 11th. Investors of record on Monday, May 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 17th.

Analyst Ratings Changes

A number of analysts have commented on CMPO shares. Benchmark increased their price objective on shares of CompoSecure from $8.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday. B. Riley increased their price target on CompoSecure from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of CompoSecure in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.17.

CompoSecure Stock Performance

The stock has a market cap of $603.98 million, a PE ratio of 8.24 and a beta of 0.72. The company’s 50-day moving average price is $6.45 and its 200 day moving average price is $5.71.

CompoSecure (NASDAQ:CMPO) last posted its earnings results on Wednesday, March 6th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The company had revenue of $99.90 million for the quarter, compared to the consensus estimate of $95.86 million. CompoSecure had a negative return on equity of 10.41% and a net margin of 4.82%. As a group, equities research analysts predict that CompoSecure, Inc. will post 1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Cannell Capital LLC raised its holdings in shares of CompoSecure by 70.0% in the 3rd quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock valued at $11,410,000 after buying an additional 728,424 shares during the period. Kerrisdale Advisers LLC purchased a new stake in CompoSecure during the third quarter worth about $267,000. Wellington Management Group LLP lifted its position in shares of CompoSecure by 30.8% during the third quarter. Wellington Management Group LLP now owns 355,454 shares of the company’s stock worth $2,293,000 after purchasing an additional 83,736 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of CompoSecure by 67.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock valued at $164,000 after purchasing an additional 10,259 shares during the period. Finally, B. Riley Asset Management LLC grew its holdings in shares of CompoSecure by 264.9% in the third quarter. B. Riley Asset Management LLC now owns 248,927 shares of the company’s stock valued at $1,606,000 after purchasing an additional 180,705 shares in the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

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.