CompoSecure, Inc. (NASDAQ:CMPO) Shares Purchased by Ballast Asset Management LP

Ballast Asset Management LP boosted its stake in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 22.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 189,500 shares of the company's stock after buying an additional 35,026 shares during the quarter. Ballast Asset Management LP owned approximately 0.22% of CompoSecure worth $2,905,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMPO. Principal Financial Group Inc. raised its holdings in shares of CompoSecure by 9.3% in the fourth quarter. Principal Financial Group Inc. now owns 11,399 shares of the company's stock worth $175,000 after acquiring an additional 967 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in CompoSecure by 33.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company's stock valued at $161,000 after purchasing an additional 2,547 shares during the last quarter. Rowlandmiller & PARTNERS.ADV lifted its holdings in CompoSecure by 25.4% in the 4th quarter. Rowlandmiller & PARTNERS.ADV now owns 13,325 shares of the company's stock valued at $204,000 after purchasing an additional 2,700 shares in the last quarter. Cruiser Capital Advisors LLC boosted its stake in shares of CompoSecure by 15.7% during the 4th quarter. Cruiser Capital Advisors LLC now owns 27,547 shares of the company's stock worth $422,000 after purchasing an additional 3,737 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in shares of CompoSecure by 76.3% during the fourth quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company's stock worth $143,000 after buying an additional 4,039 shares in the last quarter. Hedge funds and other institutional investors own 37.56% of the company's stock.

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CompoSecure Price Performance

CMPO stock traded down $0.69 during trading on Friday, reaching $9.93. 1,289,312 shares of the stock traded hands, compared to its average volume of 791,720. The firm has a market capitalization of $1.02 billion, a PE ratio of -22.57, a P/E/G ratio of 2.63 and a beta of 0.87. The business's 50 day moving average price is $13.42 and its 200-day moving average price is $14.46. CompoSecure, Inc. has a 52-week low of $5.98 and a 52-week high of $17.71.

Insider Activity

In other CompoSecure news, insider Adam Joseph Lowe sold 18,818 shares of CompoSecure stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $10.97, for a total transaction of $206,433.46. Following the transaction, the insider now directly owns 1,486,036 shares of the company's stock, valued at $16,301,814.92. The trade was a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of the business's stock in a transaction that occurred on 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 owns 821,782 shares of the company's stock, valued at approximately $13,222,472.38. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have bought 704,421 shares of company stock valued at $10,929,922 and have sold 34,340 shares valued at $430,701. Corporate insiders own 74.99% of the company's stock.

Analysts Set New Price Targets

CMPO has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Lake Street Capital decreased their price objective on CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. TD Cowen began coverage on CompoSecure in a research report on Wednesday, December 18th. They issued a "buy" rating and a $20.00 price objective for the company. Finally, Needham & Company LLC reduced their target price on 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.19.

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.