Cannell Capital LLC increased its position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,278,726 shares of the company's stock after purchasing an additional 169,067 shares during the period. CompoSecure makes up about 7.2% of Cannell Capital LLC's portfolio, making the stock its 5th biggest holding. Cannell Capital LLC owned approximately 2.59% of CompoSecure worth $34,933,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc increased its position in CompoSecure by 629.0% during the 4th quarter. Legal & General Group Plc now owns 18,961 shares of the company's stock worth $291,000 after buying an additional 16,360 shares during the period. Invesco Ltd. increased its position in CompoSecure by 1,072.1% during the fourth 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. Russell Investments Group Ltd. increased its position in CompoSecure by 27.4% during the fourth quarter. Russell Investments Group Ltd. now owns 168,113 shares of the company's stock worth $2,577,000 after acquiring an additional 36,142 shares during the period. Envestnet Asset Management Inc. bought a new stake in CompoSecure in the 4th quarter valued at about $180,000. Finally, Wells Fargo & Company MN boosted its holdings in CompoSecure by 60.9% in the 4th quarter. Wells Fargo & Company MN now owns 12,985 shares of the company's stock valued at $199,000 after purchasing an additional 4,916 shares during the period. 37.56% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. TD Cowen started coverage on shares of 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. lowered their price objective on CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Needham & Company LLC cut their target price on CompoSecure from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Finally, Lake Street Capital reduced their target price on CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock 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. According to MarketBeat, CompoSecure currently has a consensus rating of "Moderate Buy" and an average target price of $16.19.
View Our Latest Report on CompoSecure
CompoSecure Trading Up 1.7 %
NASDAQ CMPO traded up $0.18 on Friday, hitting $10.49. 542,411 shares of the company's stock were exchanged, compared to its average volume of 807,656. CompoSecure, Inc. has a 52 week low of $5.98 and a 52 week high of $17.71. The stock has a 50-day moving average of $12.64 and a 200-day moving average of $14.30. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -23.84, a P/E/G ratio of 2.63 and a beta of 0.87.
Insider Buying and Selling
In other CompoSecure news, insider Adam Joseph Lowe sold 5,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the completion of the transaction, the insider now owns 1,481,036 shares of the company's stock, valued at approximately $16,306,206.36. The trade was a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $16.09, for a total transaction of $154,817.98. Following the completion of the sale, the executive now owns 821,782 shares in the company, valued at approximately $13,222,472.38. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 704,421 shares of company stock worth $10,929,922 and sold 34,340 shares worth $430,701. 74.99% of the stock is owned by corporate insiders.
CompoSecure Company Profile
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Free Report)
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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