CompoSecure, Inc. (NASDAQ:CMPO) Director Acquires $500,900.40 in Stock

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) Director Joseph J. Deangelo bought 45,045 shares of the company's stock in a transaction on Monday, March 17th. The stock was bought at an average cost of $11.12 per share, with a total value of $500,900.40. Following the completion of the acquisition, the director now owns 45,045 shares of the company's stock, valued at $500,900.40. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

CompoSecure Price Performance

CMPO stock traded down $0.11 during midday trading on Friday, hitting $11.30. The stock had a trading volume of 1,548,389 shares, compared to its average volume of 766,958. The firm has a market cap of $1.16 billion, a PE ratio of -25.68, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. CompoSecure, Inc. has a 12-month low of $5.98 and a 12-month high of $17.71. The company's 50-day moving average price is $14.18 and its 200 day moving average price is $14.53.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CMPO shares. JPMorgan Chase & Co. cut their price objective on CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Lake Street Capital cut their price objective on CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Needham & Company LLC cut their price objective 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, TD Cowen started coverage on CompoSecure in a research report on Wednesday, December 18th. They set a "buy" rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.19.

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Institutional Trading of CompoSecure

Several institutional investors have recently made changes to their positions in the stock. Locust Wood Capital Advisers LLC lifted its holdings in shares of CompoSecure by 19.1% during the 4th quarter. Locust Wood Capital Advisers LLC now owns 4,579,143 shares of the company's stock valued at $70,198,000 after acquiring an additional 734,202 shares in the last quarter. Bleichroeder LP lifted its holdings in shares of CompoSecure by 1.6% during the 4th quarter. Bleichroeder LP now owns 3,856,966 shares of the company's stock valued at $59,127,000 after acquiring an additional 59,416 shares in the last quarter. Cannell Capital LLC lifted its holdings in shares of CompoSecure by 8.0% during the 4th quarter. Cannell Capital LLC now owns 2,278,726 shares of the company's stock valued at $34,933,000 after acquiring an additional 169,067 shares in the last quarter. Tyro Capital Management LLC lifted its holdings in shares of CompoSecure by 1.2% during the 4th quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company's stock valued at $30,952,000 after acquiring an additional 23,468 shares in the last quarter. Finally, Capital World Investors acquired a new position in shares of CompoSecure during the 4th quarter valued at $27,387,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

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.