CompoSecure, Inc. (NASDAQ:CMPO) Director Resolute Compo Holdings Llc Purchases 233,070 Shares of Stock

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

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

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

CompoSecure Stock Performance

Shares of NASDAQ:CMPO opened at $16.11 on Friday. CompoSecure, Inc. has a 52-week low of $4.61 and a 52-week high of $17.71. The company has a market capitalization of $1.42 billion, a P/E ratio of -36.61, a price-to-earnings-growth ratio of 2.68 and a beta of 0.78. The company has a 50-day simple moving average of $15.48 and a 200 day simple moving average of $14.33.

Institutional Investors Weigh In On CompoSecure

Hedge funds have recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in CompoSecure in the 4th quarter valued at about $75,000. CWM LLC lifted its stake in CompoSecure by 42.0% in the 3rd quarter. CWM LLC now owns 5,192 shares of the company’s stock valued at $73,000 after purchasing an additional 1,536 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in CompoSecure in the 3rd quarter valued at about $74,000. FMR LLC lifted its stake in CompoSecure by 693.0% in the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after purchasing an additional 5,156 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in CompoSecure in the 3rd quarter valued at about $140,000. 37.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their target price on CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. B. Riley raised their price objective on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a report on Monday, November 11th. TD Cowen initiated coverage on CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Benchmark restated a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock 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.