Counterpoint Mutual Funds LLC Purchases Shares of 30,731 CompoSecure, Inc. (NASDAQ:CMPO)

Counterpoint Mutual Funds LLC purchased a new stake in CompoSecure, Inc. (NASDAQ:CMPO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 30,731 shares of the company’s stock, valued at approximately $471,000.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after buying an additional 5,156 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in CompoSecure in the third quarter valued at approximately $140,000. Wolverine Asset Management LLC lifted its stake in CompoSecure by 76.3% in the fourth quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company’s stock valued at $143,000 after buying an additional 4,039 shares during the period. Principal Financial Group Inc. acquired a new position in shares of CompoSecure during the third quarter worth approximately $146,000. Finally, Centiva Capital LP acquired a new position in shares of CompoSecure during the third quarter worth approximately $151,000. 37.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CMPO. Lake Street Capital lowered their target price on CompoSecure from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Needham & Company LLC lowered their target price on CompoSecure from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. TD Cowen began coverage on CompoSecure in a research report on Wednesday, December 18th. They set a “buy” rating and a $20.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their target price on CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.19.

CompoSecure Trading Up 1.1 %

NASDAQ CMPO opened at $11.14 on Tuesday. The firm has a market capitalization of $1.14 billion, a P/E ratio of -25.32, a PEG ratio of 2.63 and a beta of 0.77. The business has a fifty day simple moving average of $14.44 and a 200 day simple moving average of $14.57. CompoSecure, Inc. has a 12 month low of $5.69 and a 12 month high of $17.71.

Insider Buying and Selling at CompoSecure

In other CompoSecure news, CRO Amanda Mandy Gourbault sold 9,622 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $16.09, for a total value of $154,817.98. Following the completion of the transaction, the executive now owns 821,782 shares in the company, valued at $13,222,472.38. This represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Joseph Lowe sold 5,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.01, for a total value of $55,050.00. Following the completion of the transaction, the insider now owns 1,481,036 shares of the company’s stock, valued at $16,306,206.36. This trade represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 659,376 shares of company stock worth $10,429,021 and sold 34,340 shares worth $430,701. Corporate insiders own 74.99% of the company’s stock.

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.