CompoSecure, Inc. (NASDAQ:CMPO) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 11.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 582,300 shares of the company's stock after buying an additional 57,800 shares during the period. Renaissance Technologies LLC owned 0.66% of CompoSecure worth $8,927,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tyro Capital Management LLC purchased a new position in CompoSecure during the third quarter worth approximately $27,978,000. Invesco Ltd. raised its holdings in shares of CompoSecure by 1,072.1% during the 4th quarter. Invesco Ltd. now owns 723,122 shares of the company's stock worth $11,085,000 after acquiring an additional 661,426 shares during the period. 12th Street Asset Management Company LLC purchased a new stake in shares of CompoSecure in the fourth quarter valued at about $6,945,000. Vanguard Group Inc. increased its position in CompoSecure by 33.7% during the fourth quarter. Vanguard Group Inc. now owns 1,410,934 shares of the company's stock worth $21,630,000 after purchasing an additional 355,427 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in CompoSecure by 617.5% during the fourth quarter. JPMorgan Chase & Co. now owns 372,709 shares of the company's stock worth $5,714,000 after purchasing an additional 320,760 shares during the period. 37.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CompoSecure

In other CompoSecure news, insider Adam Joseph Lowe sold 5,000 shares of the company'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 sale, the insider now owns 1,481,036 shares of the company's stock, valued at approximately $16,306,206.36. This represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Resolute Compo Holdings Llc acquired 221,186 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average cost of $15.01 per share, for a total transaction of $3,320,001.86. Following the completion of the purchase, the director now owns 221,186 shares in the company, valued at $3,320,001.86. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 704,421 shares of company stock worth $10,929,922 and sold 34,340 shares worth $430,701. Company insiders own 74.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CMPO shares. Needham & Company LLC reduced their price target 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. JPMorgan Chase & Co. reduced their target price on CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Finally, Lake Street Capital lowered their price target on CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $16.19.

CompoSecure Stock Up 1.5 %

Shares of NASDAQ:CMPO opened at $10.65 on Friday. CompoSecure, Inc. has a fifty-two week low of $5.98 and a fifty-two week high of $17.71. The firm's 50-day simple moving average is $12.24 and its 200-day simple moving average is $14.20. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -24.20, a PEG ratio of 2.63 and a beta of 0.87.

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.

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