Monimus Capital Management LP Acquires Shares of 215,826 CompoSecure, Inc. (NASDAQ:CMPO)

Monimus Capital Management LP acquired a new stake in shares of CompoSecure, Inc. (NASDAQ:CMPO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 215,826 shares of the company’s stock, valued at approximately $3,309,000. CompoSecure makes up about 3.1% of Monimus Capital Management LP’s investment portfolio, making the stock its 11th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wolverine Asset Management LLC purchased a new position in CompoSecure during the third quarter valued at $74,000. FMR LLC lifted its holdings in CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after purchasing an additional 5,156 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in CompoSecure during the third quarter valued at $140,000. Principal Financial Group Inc. purchased a new position in CompoSecure during the third quarter valued at $146,000. Finally, Centiva Capital LP purchased a new position in CompoSecure during the third quarter valued at $151,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

CompoSecure Stock Performance

Shares of CMPO stock opened at $11.02 on Friday. The stock has a market capitalization of $1.13 billion, a P/E ratio of -25.05, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. The company has a 50 day moving average price of $14.52 and a 200 day moving average price of $14.53. CompoSecure, Inc. has a fifty-two week low of $5.58 and a fifty-two week high of $17.71.

Insider Activity at CompoSecure

In other news, Director Resolute Compo Holdings Llc purchased 233,070 shares of the stock in a transaction on Thursday, February 20th. The stock was bought at an average price of $16.57 per share, for a total transaction of $3,861,969.90. Following the acquisition, the director now directly owns 879,963 shares of the company’s stock, valued at approximately $14,580,986.91. The trade was a 36.03 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $16.09, for a total transaction of $154,817.98. Following the completion of the sale, the executive now owns 821,782 shares in the company, valued at $13,222,472.38. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 659,376 shares of company stock worth $10,429,021 and sold 29,340 shares worth $375,651. Company insiders own 74.99% of the company’s stock.

CompoSecure 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.