CompoSecure, Inc. (NASDAQ:CMPO) Director Purchases $3,247,049.60 in Stock

CompoSecure, Inc. (NASDAQ:CMPO) Director Resolute Compo Holdings Llc bought 205,120 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average price of $15.83 per share, for a total transaction of $3,247,049.60. Following the transaction, the director now owns 646,893 shares of the company’s stock, valued at $10,240,316.19. The trade was a 46.43 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, February 12th, Resolute Compo Holdings Llc bought 221,186 shares of CompoSecure stock. The stock was purchased at an average price of $15.01 per share, for a total transaction of $3,320,001.86.

CompoSecure Price Performance

Shares of CMPO stock opened at $15.64 on Friday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -35.55, a PEG ratio of 2.51 and a beta of 0.78. The stock has a 50 day simple moving average of $15.46 and a 200-day simple moving average of $14.07. CompoSecure, Inc. has a 1-year low of $4.61 and a 1-year high of $17.03.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CMPO. nVerses Capital LLC acquired a new position in shares of CompoSecure during the 3rd quarter worth approximately $72,000. CWM LLC increased its position in shares of CompoSecure by 42.0% during the third quarter. CWM LLC now owns 5,192 shares of the company’s stock worth $73,000 after purchasing an additional 1,536 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of CompoSecure during the third quarter worth approximately $74,000. KLP Kapitalforvaltning AS purchased a new stake in shares of CompoSecure during the fourth quarter worth approximately $75,000. Finally, FMR LLC increased its position in shares of CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after purchasing an additional 5,156 shares in the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CMPO. TD Cowen began coverage on CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price target on shares of CompoSecure in a report 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. B. Riley boosted their price target on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price target on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, CompoSecure currently has a consensus rating of “Moderate Buy” and an average price target of $16.81.

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.