CompoSecure, Inc. (NASDAQ:CMPO) Director Purchases $3,320,001.86 in Stock

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) Director Resolute Compo Holdings Llc purchased 221,186 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average cost of $15.01 per share, with a total value of $3,320,001.86. Following the purchase, the director now directly owns 221,186 shares of the company's stock, valued at $3,320,001.86. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Resolute Compo Holdings Llc also recently made the following trade(s):

• On Friday, February 14th, Resolute Compo Holdings Llc purchased 205,120 shares of CompoSecure stock. The shares were bought at an average price of $15.83 per share, for a total transaction of $3,247,049.60.

CompoSecure Stock Up 9.3 %

Shares of NASDAQ CMPO traded up $1.45 during trading on Tuesday, reaching $17.09. The company had a trading volume of 1,555,935 shares, compared to its average volume of 925,220. CompoSecure, Inc. has a 12-month low of $4.61 and a 12-month high of $17.13. The business's 50-day moving average is $15.47 and its 200 day moving average is $14.23. The stock has a market cap of $1.51 billion, a PE ratio of -38.84, a P/E/G ratio of 2.51 and a beta of 0.78.

Institutional Trading of CompoSecure

Several institutional investors have recently bought and sold shares of CMPO. CWM LLC lifted its stake in shares of CompoSecure by 42.0% in the third quarter. CWM LLC now owns 5,192 shares of the company's stock worth $73,000 after buying an additional 1,536 shares in the last quarter. nVerses Capital LLC purchased a new position in CompoSecure in the 3rd quarter worth approximately $72,000. Rowlandmiller & PARTNERS.ADV bought a new position in CompoSecure in the 3rd quarter valued at approximately $149,000. Wealth Enhancement Advisory Services LLC boosted its stake in CompoSecure by 1.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company's stock valued at $574,000 after purchasing an additional 701 shares during the last quarter. Finally, Rice Hall James & Associates LLC bought a new stake in shares of CompoSecure in the 3rd quarter worth $3,766,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on CMPO shares. TD Cowen initiated coverage on shares of CompoSecure in a report on Wednesday, December 18th. They issued a "buy" rating and a $20.00 price objective for the company. Benchmark restated a "buy" rating and issued a $17.00 target price on shares of CompoSecure in a research note on Tuesday, November 12th. B. Riley upped their price target on CompoSecure from $18.00 to $23.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on CompoSecure from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, December 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $16.00 target price on shares of CompoSecure in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $16.81.

About CompoSecure

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.