Atria Investments Inc purchased a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,612 shares of the company's stock, valued at approximately $546,000.
Other institutional investors have also bought and sold shares of the company. Verition Fund Management LLC bought a new stake in CompoSecure during the third quarter worth $798,000. Geode Capital Management LLC grew its holdings in CompoSecure by 34.1% during the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company's stock worth $8,214,000 after buying an additional 148,833 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in CompoSecure in the 4th quarter valued at $526,000. JPMorgan Chase & Co. grew its stake in CompoSecure by 555.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company's stock valued at $728,000 after purchasing an additional 44,018 shares during the period. Finally, Truist Financial Corp grew its stake in CompoSecure by 286.9% in the 4th quarter. Truist Financial Corp now owns 48,368 shares of the company's stock valued at $741,000 after purchasing an additional 35,868 shares during the period. Institutional investors own 37.56% of the company's stock.
CompoSecure Price Performance
Shares of NASDAQ:CMPO traded down $0.26 on Tuesday, hitting $10.88. The company's stock had a trading volume of 461,816 shares, compared to its average volume of 758,610. The company has a 50-day simple moving average of $14.37 and a 200 day simple moving average of $14.56. CompoSecure, Inc. has a 1 year low of $5.85 and a 1 year high of $17.71. The company has a market capitalization of $1.11 billion, a PE ratio of -24.73, a PEG ratio of 2.63 and a beta of 0.77.
Insider Buying and Selling at CompoSecure
In related news, insider Adam Joseph Lowe sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the transaction, the insider now directly owns 1,481,036 shares in the company, valued at $16,306,206.36. This trade represents a 0.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Resolute Compo Holdings Llc purchased 205,120 shares of CompoSecure stock in a transaction that occurred on Friday, February 14th. The shares were bought at an average price of $15.83 per share, for a total transaction of $3,247,049.60. Following the completion of the transaction, the director now owns 646,893 shares in the company, valued at $10,240,316.19. The trade was a 46.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 704,421 shares of company stock valued at $10,929,922 and have sold 34,340 shares valued at $430,701. Insiders own 74.99% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have 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 research note on Thursday, March 6th. TD Cowen initiated coverage on CompoSecure in a research note on Wednesday, December 18th. They set a "buy" rating and a $20.00 price target for the company. 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 research note on Thursday, March 6th. Finally, 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 research note on Thursday, March 6th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.19.
Read Our Latest Report on CMPO
CompoSecure Profile
(
Free Report)
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.
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