Insider Buying: CompoSecure, Inc. (NASDAQ:CMPO) Director Purchases $3,320,001.86 in Stock

CompoSecure, Inc. (NASDAQ:CMPO) Director Resolute Compo Holdings Llc purchased 221,186 shares of the stock in a transaction on Wednesday, February 12th. The stock was acquired at an average cost of $15.01 per share, for a total transaction of $3,320,001.86. Following the acquisition, the director now directly owns 221,186 shares in the company, valued at approximately $3,320,001.86. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 acquired at an average price of $15.83 per share, for a total transaction of $3,247,049.60.

CompoSecure Stock Down 0.6 %

Shares of NASDAQ:CMPO opened at $15.64 on Monday. The firm has a market cap of $1.38 billion, a P/E ratio of -35.55, a P/E/G ratio of 2.51 and a beta of 0.78. CompoSecure, Inc. has a 12 month low of $4.61 and a 12 month high of $17.03. The company’s 50-day moving average price is $15.46 and its two-hundred day moving average price is $14.11.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CMPO shares. JPMorgan Chase & Co. lifted their price objective on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. TD Cowen assumed coverage on CompoSecure in a research note on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target on the stock. B. Riley increased their price objective on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Benchmark restated a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a research note on Tuesday, November 12th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $16.00 target price on shares of CompoSecure in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.81.

Institutional Trading of CompoSecure

Several hedge funds have recently modified their holdings of CMPO. Locust Wood Capital Advisers LLC raised its position in CompoSecure by 19.1% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 4,579,143 shares of the company’s stock worth $70,198,000 after purchasing an additional 734,202 shares during the last quarter. Cannell Capital LLC raised its position in shares of CompoSecure by 8.0% during the fourth quarter. Cannell Capital LLC now owns 2,278,726 shares of the company’s stock worth $34,933,000 after acquiring an additional 169,067 shares during the last quarter. Tyro Capital Management LLC acquired a new position in shares of CompoSecure during the third quarter valued at $27,978,000. Capital World Investors bought a new position in CompoSecure in the fourth quarter valued at about $27,387,000. Finally, Arrowstreet Capital Limited Partnership increased its position in CompoSecure by 24.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,583,369 shares of the company’s stock worth $24,273,000 after purchasing an additional 315,046 shares during the period. 37.56% of the stock is owned by institutional investors.

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.