CompoSecure, Inc. (NASDAQ:CMPO) Director Acquires $3,861,969.90 in Stock

CompoSecure, Inc. (NASDAQ:CMPO) Director Resolute Compo Holdings Llc purchased 233,070 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was acquired at an average price of $16.57 per share, with a total value of $3,861,969.90. Following the completion of the acquisition, the director now directly owns 879,963 shares in the company, valued at $14,580,986.91. The trade was a 36.03 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Resolute Compo Holdings Llc also recently made the following trade(s):

• On Friday, February 14th, Resolute Compo Holdings Llc purchased 205,120 shares of CompoSecure stock. The stock was acquired at an average price of $15.83 per share, with a total value of $3,247,049.60.
• On Wednesday, February 12th, Resolute Compo Holdings Llc purchased 221,186 shares of CompoSecure stock. The stock was acquired at an average price of $15.01 per share, with a total value of $3,320,001.86.

CompoSecure Trading Down 4.7 %

CMPO traded down $0.80 on Friday, hitting $16.11. 1,024,894 shares of the company’s stock were exchanged, compared to its average volume of 970,397. The firm has a market cap of $1.42 billion, a PE ratio of -36.61, a P/E/G ratio of 2.68 and a beta of 0.78. CompoSecure, Inc. has a twelve month low of $4.61 and a twelve month high of $17.71. The stock has a fifty day moving average of $15.49 and a two-hundred day moving average of $14.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Verition Fund Management LLC bought a new stake in CompoSecure during the third quarter worth approximately $798,000. Geode Capital Management LLC lifted its position 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 in the last quarter. JPMorgan Chase & Co. increased its stake in shares of CompoSecure by 555.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock worth $728,000 after purchasing an additional 44,018 shares during the last quarter. State Street Corp increased its stake in shares of CompoSecure by 20.1% during the 3rd quarter. State Street Corp now owns 395,691 shares of the company’s stock worth $5,548,000 after purchasing an additional 66,232 shares during the last quarter. Finally, Tyro Capital Management LLC acquired a new position in shares of CompoSecure during the 3rd quarter worth $27,978,000. 37.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CMPO has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a research note on Monday, November 11th. Benchmark reissued a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a research note on Tuesday, November 12th. TD Cowen initiated coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They set a “buy” rating and a $20.00 price objective for the company. B. Riley boosted their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.81.

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.