Monimus Capital Management LP Invests $3.31 Million in CompoSecure, Inc. (NASDAQ:CMPO)

Monimus Capital Management LP bought a new position in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 215,826 shares of the company's stock, valued at approximately $3,309,000. CompoSecure comprises about 3.1% of Monimus Capital Management LP's investment portfolio, making the stock its 11th biggest holding. Monimus Capital Management LP owned about 0.24% of CompoSecure at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Verition Fund Management LLC bought a new position in shares of CompoSecure during the 3rd quarter valued at approximately $798,000. Geode Capital Management LLC increased its stake in shares of CompoSecure by 34.1% during the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company's stock valued at $8,214,000 after buying an additional 148,833 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in CompoSecure in the fourth quarter worth about $526,000. JPMorgan Chase & Co. boosted its stake in shares of CompoSecure by 555.0% during the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company's stock valued at $728,000 after purchasing an additional 44,018 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in shares of CompoSecure by 286.9% in the 4th quarter. Truist Financial Corp now owns 48,368 shares of the company's stock valued at $741,000 after acquiring an additional 35,868 shares during the period. Institutional investors own 37.56% of the company's stock.

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CompoSecure Stock Performance

Shares of CMPO stock traded up $0.12 on Monday, reaching $11.14. 806,229 shares of the company were exchanged, compared to its average volume of 757,057. CompoSecure, Inc. has a 1 year low of $5.69 and a 1 year high of $17.71. The business has a 50-day moving average price of $14.52 and a 200 day moving average price of $14.57. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -25.32, a P/E/G ratio of 2.63 and a beta of 0.77.

Wall Street Analysts Forecast Growth

CMPO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Lake Street Capital dropped their target price on CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Needham & Company LLC reduced their target price 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. Finally, TD Cowen assumed coverage on CompoSecure in a report on Wednesday, December 18th. They issued a "buy" rating and a $20.00 price target for the company. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, CompoSecure has an average rating of "Moderate Buy" and a consensus target price of $16.19.

Insider Buying and Selling at CompoSecure

In other news, CRO Amanda Mandy Gourbault sold 9,622 shares of CompoSecure stock in a transaction on Thursday, February 27th. The stock was 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 $13,222,472.38. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the insider now directly owns 1,486,036 shares in the company, valued at $16,301,814.92. This trade represents a 1.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 659,376 shares of company stock valued at $10,429,021 and sold 29,340 shares valued at $375,651. Insiders own 74.99% of the company's stock.

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.