JPMorgan Chase & Co. Increases Position in CompoSecure, Inc. (NASDAQ:CMPO)

JPMorgan Chase & Co. raised its holdings in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 617.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,709 shares of the company's stock after buying an additional 320,760 shares during the period. JPMorgan Chase & Co. owned about 0.42% of CompoSecure worth $5,714,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. FMR LLC raised its position in shares of CompoSecure by 693.0% during the 3rd quarter. FMR LLC now owns 5,900 shares of the company's stock worth $83,000 after acquiring an additional 5,156 shares in the last quarter. State Street Corp increased its stake in CompoSecure by 20.1% in the third quarter. State Street Corp now owns 395,691 shares of the company's stock valued at $5,548,000 after purchasing an additional 66,232 shares during the last quarter. Barclays PLC raised its holdings in CompoSecure by 474.6% during the third quarter. Barclays PLC now owns 34,754 shares of the company's stock worth $488,000 after purchasing an additional 28,706 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of CompoSecure by 34.1% during the 3rd quarter. Geode Capital Management LLC now owns 585,746 shares of the company's stock worth $8,214,000 after buying an additional 148,833 shares during the last quarter. Finally, Tyro Capital Management LLC acquired a new position in shares of CompoSecure in the 3rd quarter valued at $27,978,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Resolute Compo Holdings Llc purchased 233,070 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were acquired at an average cost of $16.57 per share, for a total transaction of $3,861,969.90. Following the completion of the purchase, the director now directly owns 879,963 shares in the company, valued at $14,580,986.91. The trade was a 36.03 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Joseph Lowe sold 18,818 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $10.97, for a total transaction of $206,433.46. Following the completion of the sale, the insider now owns 1,486,036 shares of the company's stock, valued at approximately $16,301,814.92. The trade was a 1.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 704,421 shares of company stock valued at $10,929,922 and sold 34,340 shares valued at $430,701. 74.99% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on CMPO shares. Lake Street Capital cut their price target on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Needham & Company LLC reduced their target price on CompoSecure from $16.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their target price on CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, CompoSecure currently has a consensus rating of "Moderate Buy" and an average target price of $16.19.

CompoSecure Trading Up 2.3 %

Shares of NASDAQ CMPO traded up $0.24 during midday trading on Wednesday, reaching $10.84. 297,205 shares of the company were exchanged, compared to its average volume of 816,303. The stock has a market cap of $1.11 billion, a P/E ratio of -24.61, a PEG ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a 1 year low of $5.98 and a 1 year high of $17.71. The stock has a fifty day simple moving average of $11.96 and a 200 day simple moving average of $14.14.

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.