1,786,525 Shares in CompoSecure, Inc. (NASDAQ:CMPO) Acquired by Capital World Investors

Capital World Investors purchased a new stake in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,786,525 shares of the company's stock, valued at approximately $27,387,000. Capital World Investors owned about 2.03% of CompoSecure at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in CompoSecure by 34.1% in the 3rd quarter. Geode Capital Management LLC now owns 585,746 shares of the company's stock valued at $8,214,000 after buying an additional 148,833 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of CompoSecure during the fourth quarter worth approximately $526,000. JPMorgan Chase & Co. increased its stake in shares of CompoSecure by 555.0% during the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company's stock worth $728,000 after purchasing an additional 44,018 shares during the period. Truist Financial Corp lifted its holdings in CompoSecure by 286.9% during the 4th quarter. Truist Financial Corp now owns 48,368 shares of the company's stock worth $741,000 after purchasing an additional 35,868 shares during the last quarter. Finally, State Street Corp boosted its stake in CompoSecure by 20.1% in the 3rd quarter. State Street Corp now owns 395,691 shares of the company's stock valued at $5,548,000 after purchasing an additional 66,232 shares during the period. 37.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CMPO has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their target price on CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Lake Street Capital dropped their price objective on shares of 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 decreased their target price on shares of CompoSecure from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, CompoSecure has a consensus rating of "Moderate Buy" and an average price target of $16.19.

CompoSecure Trading Down 0.7 %

NASDAQ CMPO traded down $0.08 on Friday, hitting $10.79. 490,124 shares of the company's stock were exchanged, compared to its average volume of 820,308. The stock has a 50-day moving average of $11.77 and a 200-day moving average of $14.09. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -24.52, a P/E/G ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a 52 week low of $5.98 and a 52 week high of $17.71.

Insider Activity at CompoSecure

In other news, CRO Amanda Mandy Gourbault sold 9,622 shares of CompoSecure stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $16.09, for a total transaction of $154,817.98. Following the sale, the executive now directly owns 821,782 shares of the company's stock, valued at approximately $13,222,472.38. This trade represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Resolute Compo Holdings Llc purchased 233,070 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was acquired at an average price of $16.57 per share, with a total value of $3,861,969.90. Following the completion of the transaction, the director now owns 879,963 shares in the company, valued at approximately $14,580,986.91. This trade represents a 36.03 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety 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. 74.99% of the stock is currently owned by insiders.

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.