12th Street Asset Management Company LLC Takes $6.95 Million Position in CompoSecure, Inc. (NASDAQ:CMPO)

12th Street Asset Management Company LLC bought a new stake in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 453,064 shares of the company's stock, valued at approximately $6,945,000. CompoSecure accounts for about 1.1% of 12th Street Asset Management Company LLC's portfolio, making the stock its 27th biggest holding. 12th Street Asset Management Company LLC owned 0.51% of CompoSecure at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Tyro Capital Management LLC bought a new position in CompoSecure during the 3rd quarter valued at $27,978,000. Woodson Capital Management LP bought a new position in CompoSecure during the 3rd quarter valued at $10,795,000. Concentric Capital Strategies LP bought a new position in CompoSecure during the 3rd quarter valued at $5,445,000. Progeny 3 Inc. bought a new position in CompoSecure during the 3rd quarter valued at $5,243,000. Finally, Otter Creek Advisors LLC bought a new position in CompoSecure during the 4th quarter valued at $3,348,000. 37.56% of the stock is currently owned by institutional investors and hedge funds.

CompoSecure Stock Up 6.1 %

Shares of CMPO traded up $0.63 during mid-day trading on Friday, reaching $11.02. The company's stock had a trading volume of 1,070,143 shares, compared to its average volume of 756,860. The business has a fifty day moving average of $14.52 and a 200 day moving average of $14.55. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -25.05, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. CompoSecure, Inc. has a 1 year low of $5.69 and a 1 year high of $17.71.

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Insider Activity

In other news, Director Resolute Compo Holdings Llc acquired 205,120 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was acquired at an average cost of $15.83 per share, for a total transaction of $3,247,049.60. Following the completion of the acquisition, the director now owns 646,893 shares in the company, valued at approximately $10,240,316.19. The trade was a 46.43 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Joseph Lowe sold 18,818 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $10.97, for a total value of $206,433.46. Following the sale, the insider now owns 1,486,036 shares of the company's stock, valued at approximately $16,301,814.92. This represents a 1.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 659,376 shares of company stock worth $10,429,021 and sold 29,340 shares worth $375,651. Corporate insiders own 74.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CMPO. Needham & Company LLC decreased their price target on CompoSecure from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Lake Street Capital reduced their price objective on CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. 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 research note on Thursday, March 6th. Finally, TD Cowen started coverage on CompoSecure in a research note 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 given a buy rating to the stock. Based on data from MarketBeat, CompoSecure currently has an average rating of "Moderate Buy" and an average target price of $16.19.

CompoSecure 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.