Mariner LLC Boosts Stake in CompoSecure, Inc. (NASDAQ:CMPO)

Mariner LLC lifted its holdings in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 95.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,086 shares of the company's stock after buying an additional 28,886 shares during the period. Mariner LLC owned approximately 0.07% of CompoSecure worth $906,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Tyro Capital Management LLC acquired a new stake in CompoSecure during the third quarter worth about $27,978,000. Locust Wood Capital Advisers LLC increased its position in shares of CompoSecure by 19.1% during the fourth 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 during the last quarter. Zuckerman Investment Group LLC increased its position in shares of CompoSecure by 85.0% during the fourth quarter. Zuckerman Investment Group LLC now owns 1,525,207 shares of the company's stock valued at $24,098,000 after acquiring an additional 700,858 shares during the last quarter. Invesco Ltd. grew its holdings in shares of CompoSecure by 1,072.1% in the fourth quarter. Invesco Ltd. now owns 723,122 shares of the company's stock valued at $11,085,000 after purchasing an additional 661,426 shares in the last quarter. Finally, 12th Street Asset Management Company LLC acquired a new position in shares of CompoSecure in the fourth quarter valued at approximately $6,945,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

CompoSecure Price Performance

CompoSecure stock opened at $10.89 on Tuesday. CompoSecure, Inc. has a 1-year low of $5.98 and a 1-year high of $17.71. The stock has a market cap of $1.11 billion, a PE ratio of -24.75, a P/E/G ratio of 2.63 and a beta of 0.87. The stock's fifty day moving average is $11.51 and its two-hundred day moving average is $14.05.

Insider Buying and Selling at CompoSecure

In other news, insider Adam Joseph Lowe sold 18,818 shares of CompoSecure stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $10.97, for a total transaction of $206,433.46. Following the sale, the insider now owns 1,486,036 shares in the company, valued at approximately $16,301,814.92. The trade was a 1.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Resolute Compo Holdings Llc bought 205,120 shares of the business's stock in a transaction dated Friday, February 14th. The shares were purchased at an average price of $15.83 per share, for a total transaction of $3,247,049.60. Following the transaction, the director now directly owns 646,893 shares of the company's stock, valued at approximately $10,240,316.19. This represents a 46.43 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 704,421 shares of company stock worth $10,929,922 and have sold 34,340 shares worth $430,701. 74.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CMPO. JPMorgan Chase & Co. dropped their price objective on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Lake Street Capital dropped their price objective on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, Needham & Company LLC dropped their price objective on shares of CompoSecure from $16.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $16.19.

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.

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