Insider Buying: CompoSecure, Inc. (NASDAQ:CMPO) Director Acquires 45,045 Shares of Stock

CompoSecure, Inc. (NASDAQ:CMPO) Director Joseph J. Deangelo acquired 45,045 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average cost of $11.12 per share, with a total value of $500,900.40. Following the transaction, the director now owns 45,045 shares in the company, valued at approximately $500,900.40. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

CompoSecure Trading Down 2.3 %

CompoSecure stock traded down $0.26 during midday trading on Tuesday, reaching $10.88. 461,816 shares of the stock traded hands, compared to its average volume of 758,610. The firm has a fifty day moving average price of $14.37 and a two-hundred day moving average price of $14.56. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -24.73, a PEG ratio of 2.63 and a beta of 0.77. CompoSecure, Inc. has a fifty-two week low of $5.85 and a fifty-two week high of $17.71.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of CompoSecure in the 4th quarter worth approximately $75,000. FMR LLC lifted its stake in shares of CompoSecure by 693.0% in the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after acquiring an additional 5,156 shares during the period. Wolverine Asset Management LLC lifted its stake in shares of CompoSecure by 76.3% in the 4th quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company’s stock worth $143,000 after acquiring an additional 4,039 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of CompoSecure in the 3rd quarter worth approximately $140,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of CompoSecure in the 4th quarter worth approximately $156,000. 37.56% of the stock is owned by institutional investors and hedge funds.

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.