Bank of New York Mellon Corp Acquires 38,037 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Bank of New York Mellon Corp boosted its position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 64.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,820 shares of the company's stock after buying an additional 38,037 shares during the period. Bank of New York Mellon Corp owned approximately 0.11% of CompoSecure worth $1,484,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Tyro Capital Management LLC bought a new position in shares of CompoSecure during the 3rd quarter valued at approximately $27,978,000. Woodson Capital Management LP bought a new position in CompoSecure during the third quarter valued at $10,795,000. Concentric Capital Strategies LP purchased a new position in shares of CompoSecure in the 3rd quarter worth $5,445,000. Progeny 3 Inc. bought a new stake in shares of CompoSecure in the 3rd quarter worth about $5,243,000. Finally, Atom Investors LP purchased a new stake in shares of CompoSecure during the 3rd quarter valued at about $2,807,000. Hedge funds and other institutional investors own 37.56% of the company's stock.

CompoSecure Stock Down 1.7 %

CMPO traded down $0.20 during trading hours on Wednesday, reaching $11.35. 592,346 shares of the company's stock traded hands, compared to its average volume of 766,824. The firm has a 50-day moving average price of $14.09 and a 200 day moving average price of $14.55. The firm has a market capitalization of $1.16 billion, a PE ratio of -25.80, a PEG ratio of 2.63 and a beta of 0.77. CompoSecure, Inc. has a 52-week low of $5.98 and a 52-week high of $17.71.

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Analyst Ratings Changes

Several research firms recently commented on CMPO. Needham & Company LLC dropped their price target on CompoSecure from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Lake Street Capital dropped their target price on CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased 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, TD Cowen began coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They set a "buy" rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.19.

Insider Transactions at CompoSecure

In other news, Director Joseph J. Deangelo purchased 45,045 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of $11.12 per share, for a total transaction of $500,900.40. Following the completion of the acquisition, the director now owns 45,045 shares of the company's stock, valued at approximately $500,900.40. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Adam Joseph Lowe sold 5,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.01, for a total value of $55,050.00. Following the transaction, the insider now owns 1,481,036 shares in the company, valued at $16,306,206.36. The trade was a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 704,421 shares of company stock worth $10,929,922 and sold 34,340 shares worth $430,701. Corporate insiders own 74.99% of the company's stock.

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.