Insider Buying: CompoSecure, Inc. (NASDAQ:CMPO) Director Buys 233,070 Shares of Stock

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

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

• On Friday, February 14th, Resolute Compo Holdings Llc purchased 205,120 shares of CompoSecure stock. The stock was bought at an average cost of $15.83 per share, with a total value of $3,247,049.60.
• On Wednesday, February 12th, Resolute Compo Holdings Llc purchased 221,186 shares of CompoSecure stock. The stock was bought at an average cost of $15.01 per share, with a total value of $3,320,001.86.

CompoSecure Stock Down 4.7 %

NASDAQ:CMPO opened at $16.11 on Monday. The company’s 50 day moving average price is $15.48 and its 200-day moving average price is $14.42. CompoSecure, Inc. has a 52 week low of $4.61 and a 52 week high of $17.71. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -36.61, a PEG ratio of 2.63 and a beta of 0.78.

Institutional Investors Weigh In On CompoSecure

Institutional investors have recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of CompoSecure during the fourth quarter valued at approximately $75,000. CWM LLC grew its holdings in shares of CompoSecure by 42.0% during the third quarter. CWM LLC now owns 5,192 shares of the company’s stock valued at $73,000 after buying an additional 1,536 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of CompoSecure during the third quarter valued at approximately $74,000. FMR LLC grew its holdings in shares of 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 buying an additional 5,156 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of CompoSecure during the third quarter valued at approximately $140,000. Hedge funds and other institutional investors own 37.56% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.