CompoSecure, Inc. (NASDAQ:CMPO) Director Acquires $3,247,049.60 in Stock

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) Director Resolute Compo Holdings Llc purchased 205,120 shares of the firm's stock in a transaction on Friday, February 14th. The stock was acquired 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 directly owns 646,893 shares of the company's stock, valued at approximately $10,240,316.19. This trade represents a 46.43 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Resolute Compo Holdings Llc also recently made the following trade(s):

• On Wednesday, February 12th, Resolute Compo Holdings Llc acquired 221,186 shares of CompoSecure stock. The stock was bought at an average price of $15.01 per share, with a total value of $3,320,001.86.

CompoSecure Trading Up 9.3 %

CMPO traded up $1.45 during trading on Tuesday, hitting $17.09. 1,555,935 shares of the company traded hands, compared to its average volume of 925,220. The company has a market cap of $1.51 billion, a PE ratio of -38.84, a P/E/G ratio of 2.51 and a beta of 0.78. The stock's 50-day simple moving average is $15.47 and its two-hundred day simple moving average is $14.23. CompoSecure, Inc. has a 1 year low of $4.61 and a 1 year high of $17.13.

Analysts Set New Price Targets

A number of analysts have commented on CMPO shares. TD Cowen initiated coverage on CompoSecure in a research report on Wednesday, December 18th. They issued a "buy" rating and a $20.00 price target for the company. JPMorgan Chase & Co. increased their target price on shares of CompoSecure from $12.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, December 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $16.00 price target on shares of CompoSecure in a report on Monday, November 11th. B. Riley upped their price target on shares of CompoSecure from $18.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Benchmark restated a "buy" rating and set a $17.00 price objective on shares of CompoSecure in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of CompoSecure in the fourth quarter worth about $75,000. nVerses Capital LLC bought a new stake in CompoSecure in the 3rd quarter worth approximately $72,000. CWM LLC raised its holdings in shares of CompoSecure by 42.0% during the 3rd quarter. CWM LLC now owns 5,192 shares of the company's stock worth $73,000 after acquiring an additional 1,536 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of CompoSecure in the third quarter valued at $74,000. Finally, FMR LLC increased its position in CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company's stock worth $83,000 after purchasing an additional 5,156 shares during the last quarter. Institutional investors own 37.56% of the company's stock.

About CompoSecure

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.