Wolverine Asset Management LLC Purchases 4,039 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Wolverine Asset Management LLC lifted its position in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 76.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,335 shares of the company’s stock after acquiring an additional 4,039 shares during the period. Wolverine Asset Management LLC’s holdings in CompoSecure were worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Verition Fund Management LLC bought a new position in CompoSecure in the 3rd quarter valued at approximately $798,000. Geode Capital Management LLC lifted its stake in CompoSecure by 34.1% in the 3rd quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock valued at $8,214,000 after purchasing an additional 148,833 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in CompoSecure by 555.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock valued at $728,000 after purchasing an additional 44,018 shares during the last quarter. State Street Corp lifted its stake in CompoSecure by 20.1% in the 3rd quarter. State Street Corp now owns 395,691 shares of the company’s stock valued at $5,548,000 after purchasing an additional 66,232 shares during the last quarter. Finally, Tyro Capital Management LLC bought a new position in CompoSecure in the 3rd quarter valued at approximately $27,978,000. Institutional investors own 37.56% of the company’s stock.

Insider Buying and Selling

In related news, Director Resolute Compo Holdings Llc bought 221,186 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average cost of $15.01 per share, with a total value of $3,320,001.86. Following the completion of the purchase, the director now directly owns 221,186 shares in the company, valued at $3,320,001.86. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Gregoire Maes sold 24,323 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $16.25, for a total transaction of $395,248.75. Following the transaction, the chief operating officer now directly owns 762,009 shares in the company, valued at approximately $12,382,646.25. This represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 659,376 shares of company stock valued at $10,429,021 and have sold 180,660 shares valued at $2,921,066. 74.99% of the stock is owned by insiders.

Analysts Set New Price Targets

CMPO has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their price target on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. B. Riley upped their price target on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Benchmark restated a “buy” rating and issued a $17.00 price target on shares of CompoSecure in a research report on Tuesday, November 12th. Finally, TD Cowen assumed coverage on shares of CompoSecure in a research report on Wednesday, December 18th. They set a “buy” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, CompoSecure currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.81.

CompoSecure Stock Down 0.9 %

CMPO opened at $15.96 on Tuesday. CompoSecure, Inc. has a twelve month low of $4.61 and a twelve month high of $17.71. The company has a fifty day moving average of $15.47 and a 200-day moving average of $14.47. The stock has a market cap of $1.41 billion, a PE ratio of -36.27, a price-to-earnings-growth ratio of 2.63 and a beta of 0.78.

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.