Arrowstreet Capital Limited Partnership Increases Stock Holdings in CompoSecure, Inc. (NASDAQ:CMPO)

Arrowstreet Capital Limited Partnership raised its stake in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 24.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,583,369 shares of the company's stock after buying an additional 315,046 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.80% of CompoSecure worth $24,273,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tyro Capital Management LLC purchased a new position in CompoSecure in the 3rd quarter worth about $27,978,000. 12th Street Asset Management Company LLC acquired a new position in shares of CompoSecure during the 4th quarter valued at about $6,945,000. Vanguard Group Inc. raised its position in shares of CompoSecure by 33.7% in the fourth quarter. Vanguard Group Inc. now owns 1,410,934 shares of the company's stock valued at $21,630,000 after purchasing an additional 355,427 shares during the period. JPMorgan Chase & Co. lifted its position in CompoSecure by 617.5% during the 4th quarter. JPMorgan Chase & Co. now owns 372,709 shares of the company's stock worth $5,714,000 after acquiring an additional 320,760 shares during the last quarter. Finally, Otter Creek Advisors LLC acquired a new position in shares of CompoSecure during the 4th quarter worth about $3,348,000. Institutional investors own 37.56% of the company's stock.

Analyst Upgrades and Downgrades

CMPO has been the topic of several analyst reports. TD Cowen assumed coverage on shares of CompoSecure in a report on Wednesday, December 18th. They issued a "buy" rating and a $20.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Lake Street Capital dropped their price objective on CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, Needham & Company LLC reduced their price target on CompoSecure from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $16.19.

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CompoSecure Stock Down 3.7 %

NASDAQ CMPO traded down $0.37 on Tuesday, hitting $9.65. The company's stock had a trading volume of 1,014,160 shares, compared to its average volume of 797,432. The firm has a market cap of $987.31 million, a PE ratio of -21.93, a PEG ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a 1-year low of $5.98 and a 1-year high of $17.71. The company's 50-day moving average is $13.08 and its 200 day moving average is $14.39.

Insider Buying and Selling

In related news, insider Adam Joseph Lowe sold 18,818 shares of the business's stock in a transaction dated 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 directly owns 1,486,036 shares in the company, valued at approximately $16,301,814.92. The trade was a 1.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph J. Deangelo purchased 45,045 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average price of $11.12 per share, for a total transaction of $500,900.40. Following the completion of the purchase, the director now directly owns 45,045 shares in the company, valued at $500,900.40. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 704,421 shares of company stock valued at $10,929,922 and sold 34,340 shares valued at $430,701. 74.99% of the stock is currently owned by insiders.

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.