453,064 Shares in CompoSecure, Inc. (NASDAQ:CMPO) Acquired by 12th Street Asset Management Company LLC

12th Street Asset Management Company LLC acquired a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 453,064 shares of the company's stock, valued at approximately $6,945,000. CompoSecure comprises approximately 1.1% of 12th Street Asset Management Company LLC's investment portfolio, making the stock its 27th biggest holding. 12th Street Asset Management Company LLC owned approximately 0.51% of CompoSecure as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of CompoSecure during the fourth quarter worth about $289,000. Swiss National Bank purchased a new position in shares of CompoSecure during the fourth quarter worth about $747,000. Simplicity Wealth LLC purchased a new position in shares of CompoSecure during the fourth quarter worth about $463,000. Atria Investments Inc purchased a new position in shares of CompoSecure during the fourth quarter worth about $546,000. Finally, Victory Capital Management Inc. purchased a new position in shares of CompoSecure during the fourth quarter worth about $786,000. Hedge funds and other institutional investors own 37.56% of the company's stock.

Insider Buying and Selling at CompoSecure

In other CompoSecure news, CRO Amanda Mandy Gourbault sold 9,622 shares of CompoSecure stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $16.09, for a total value of $154,817.98. Following the sale, the executive now owns 821,782 shares of the company's stock, valued at approximately $13,222,472.38. The trade was a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Joseph Lowe sold 18,818 shares of CompoSecure stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $10.97, for a total transaction 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. The trade was a 1.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 659,376 shares of company stock valued at $10,429,021 and have sold 29,340 shares valued at $375,651. 74.99% of the stock is owned by corporate insiders.

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CompoSecure Stock Performance

CMPO traded up $0.63 during 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. CompoSecure, Inc. has a 52-week low of $5.69 and a 52-week high of $17.71. The company's fifty day moving average price is $14.52 and its 200-day moving average price is $14.55. The company has a market capitalization 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.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Lake Street Capital lowered their price target on CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. TD Cowen assumed coverage on CompoSecure in a report on Wednesday, December 18th. They set a "buy" rating and a $20.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Finally, Needham & Company LLC lowered their price target on CompoSecure from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, CompoSecure has a consensus rating of "Moderate Buy" and a consensus target price of $16.19.

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.