KP Management LLC Purchases Shares of 87,695 CompoSecure, Inc. (NASDAQ:CMPO)

KP Management LLC bought a new stake in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 87,695 shares of the company's stock, valued at approximately $1,344,000. KP Management LLC owned 0.10% of CompoSecure as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CMPO. KLP Kapitalforvaltning AS bought a new stake in CompoSecure during the fourth quarter worth $75,000. Wolverine Asset Management LLC raised its holdings in shares of CompoSecure by 76.3% in the 4th quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company's stock worth $143,000 after purchasing an additional 4,039 shares during the period. Principal Financial Group Inc. bought a new position in shares of CompoSecure during the 3rd quarter worth $146,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of CompoSecure during the 4th quarter valued at approximately $156,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of CompoSecure by 33.3% in 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. Institutional investors and hedge funds own 37.56% of the company's stock.

CompoSecure Stock Down 0.7 %

Shares of CMPO opened at $10.79 on Friday. CompoSecure, Inc. has a 52 week low of $5.98 and a 52 week high of $17.71. The stock has a market cap of $1.10 billion, a P/E ratio of -24.52, a P/E/G ratio of 2.63 and a beta of 0.87. The business's 50 day moving average price is $11.64 and its 200-day moving average price is $14.07.

Insider Transactions at CompoSecure

In related news, insider Adam Joseph Lowe sold 5,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the sale, the insider now directly owns 1,481,036 shares of the company's stock, valued at $16,306,206.36. This trade represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of the 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 transaction, the executive now owns 821,782 shares in the company, valued at approximately $13,222,472.38. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, 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.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Needham & Company LLC reduced their price target on shares of CompoSecure from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. JPMorgan Chase & Co. reduced 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. Finally, 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 report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $16.19.

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.

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