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

CompoSecure, Inc. (NASDAQ:CMPO) Director Joseph J. Deangelo bought 45,045 shares of the stock in a transaction on Monday, March 17th. The shares were bought at an average price of $11.12 per share, for a total transaction of $500,900.40. Following the purchase, the director now directly owns 45,045 shares in the company, valued at approximately $500,900.40. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

CompoSecure Stock Performance

Shares of CompoSecure stock opened at $10.88 on Wednesday. The stock’s fifty day moving average is $14.37 and its 200 day moving average is $14.56. CompoSecure, Inc. has a one year low of $5.85 and a one year high of $17.71. The stock has a market cap of $1.11 billion, a P/E ratio of -24.73, a P/E/G ratio of 2.63 and a beta of 0.77.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On CompoSecure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in shares of CompoSecure during the 4th quarter valued at $75,000. FMR LLC raised its stake in CompoSecure by 693.0% during 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 period. Harvest Fund Management Co. Ltd purchased a new position in CompoSecure in the 3rd quarter worth approximately $140,000. Wolverine Asset Management LLC boosted its stake in 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 purchasing an additional 4,039 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in CompoSecure during the 3rd quarter valued at approximately $146,000. 37.56% of the stock is owned by hedge funds and other 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.