CompoSecure, Inc. (NASDAQ:CMPO) Insider Sells $55,050.00 in Stock

CompoSecure, Inc. (NASDAQ:CMPO) insider Adam Joseph Lowe sold 5,000 shares of CompoSecure stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.01, for a total value of $55,050.00. Following the transaction, the insider now directly owns 1,481,036 shares of the company’s stock, valued at approximately $16,306,206.36. This represents a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Adam Joseph Lowe also recently made the following trade(s):

• On Wednesday, March 12th, Adam Joseph Lowe sold 18,818 shares of CompoSecure stock. The stock was sold at an average price of $10.97, for a total value of $206,433.46.

CompoSecure Trading Down 2.3 %

CompoSecure stock opened at $10.88 on Wednesday. The firm has a market capitalization of $1.11 billion, a P/E ratio of -24.73, a PEG ratio of 2.63 and a beta of 0.77. The stock has a fifty day moving average price of $14.37 and a 200 day moving average price of $14.56. CompoSecure, Inc. has a 52 week low of $5.85 and a 52 week high of $17.71.

Hedge Funds Weigh In On CompoSecure

Several institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in CompoSecure by 9.3% in the fourth quarter. Principal Financial Group Inc. now owns 11,399 shares of the company’s stock valued at $175,000 after purchasing an additional 967 shares during the last quarter. First Trust Advisors LP grew its position in CompoSecure by 2.2% during the fourth quarter. First Trust Advisors LP now owns 100,124 shares of the company’s stock valued at $1,535,000 after acquiring an additional 2,149 shares during the period. Ameriprise Financial Inc. grew its position in CompoSecure by 1.9% during the fourth quarter. Ameriprise Financial Inc. now owns 133,399 shares of the company’s stock valued at $2,045,000 after acquiring an additional 2,521 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in CompoSecure by 33.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company’s stock valued at $161,000 after acquiring an additional 2,547 shares during the period. Finally, Rowlandmiller & PARTNERS.ADV grew its position in CompoSecure by 25.4% during the fourth quarter. Rowlandmiller & PARTNERS.ADV now owns 13,325 shares of the company’s stock valued at $204,000 after acquiring an additional 2,700 shares during the period. 37.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CMPO. JPMorgan Chase & Co. reduced their price objective on CompoSecure from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. TD Cowen began coverage on CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target for the company. Needham & Company LLC cut their price target on CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Finally, Lake Street Capital cut their price target on CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.19.

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.