CompoSecure, Inc. (NASDAQ:CMPO) Director Resolute Compo Holdings Llc Buys 233,070 Shares

CompoSecure, Inc. (NASDAQ:CMPO) Director Resolute Compo Holdings Llc acquired 233,070 shares of the stock in a transaction dated Thursday, February 20th. The shares were bought at an average cost of $16.57 per share, with a total value of $3,861,969.90. Following the completion of the transaction, the director now owns 879,963 shares of the company’s stock, valued at approximately $14,580,986.91. This represents a 36.03 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

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

CompoSecure Trading Down 4.7 %

CMPO stock opened at $16.11 on Friday. The company has a market capitalization of $1.42 billion, a P/E ratio of -36.61, a PEG ratio of 2.63 and a beta of 0.78. CompoSecure, Inc. has a twelve month low of $4.61 and a twelve month high of $17.71. The business has a 50 day simple moving average of $15.48 and a 200-day simple moving average of $14.37.

Institutional Investors Weigh In On CompoSecure

Large investors have recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of CompoSecure in the fourth quarter valued at approximately $75,000. CWM LLC raised its stake in shares of CompoSecure by 42.0% during the third quarter. CWM LLC now owns 5,192 shares of the company’s stock worth $73,000 after purchasing 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 worth approximately $74,000. FMR LLC raised its stake in shares of CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after purchasing 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 worth approximately $140,000. 37.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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