Invesco Ltd. Buys 661,426 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Invesco Ltd. grew its stake in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 1,072.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 723,122 shares of the company's stock after purchasing an additional 661,426 shares during the period. Invesco Ltd. owned approximately 0.82% of CompoSecure worth $11,085,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

CMPO has been the topic of a number of recent research reports. Lake Street Capital reduced their target price on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. decreased their target price on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Finally, Needham & Company LLC dropped their price target 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 analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.19.

CompoSecure Trading Up 2.4 %

Shares of CMPO opened at $10.60 on Wednesday. CompoSecure, Inc. has a 12 month low of $5.98 and a 12 month high of $17.71. The business's fifty day simple moving average is $11.96 and its two-hundred day simple moving average is $14.14. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -24.09, a P/E/G ratio of 2.63 and a beta of 0.87.

Insider Activity at CompoSecure

In related news, Director Resolute Compo Holdings Llc bought 233,070 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average price of $16.57 per share, for a total transaction of $3,861,969.90. Following the completion of the acquisition, the director now owns 879,963 shares of the company's stock, valued at $14,580,986.91. This trade represents a 36.03 % increase in their position. The transaction was disclosed in a document filed 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 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 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. Over the last ninety days, insiders have acquired 704,421 shares of company stock valued at $10,929,922 and have sold 34,340 shares valued at $430,701. 74.99% of the stock is currently owned by insiders.

CompoSecure 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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