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

Monimus Capital Management LP purchased a new position in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 215,826 shares of the company's stock, valued at approximately $3,309,000. CompoSecure makes up 3.1% of Monimus Capital Management LP's investment portfolio, making the stock its 11th biggest holding. Monimus Capital Management LP owned 0.24% of CompoSecure as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of CMPO. Wolverine Asset Management LLC acquired a new stake in CompoSecure in the third quarter worth about $74,000. 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 buying an additional 5,156 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of CompoSecure in the 3rd quarter worth approximately $140,000. Principal Financial Group Inc. bought a new position in shares of CompoSecure in the third quarter valued at approximately $146,000. Finally, Centiva Capital LP acquired a new position in shares of CompoSecure during the third quarter valued at approximately $151,000. Institutional investors own 37.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMPO. Lake Street Capital cut their target price on CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. TD Cowen started coverage on CompoSecure in a report on Wednesday, December 18th. They issued a "buy" rating and a $20.00 price objective for the company. 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 note on Thursday, March 6th. Finally, Needham & Company LLC dropped their price target on shares of 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 issued a buy rating to the company. According to data from MarketBeat.com, CompoSecure presently has a consensus rating of "Moderate Buy" and an average price target of $16.19.

Remove Ads

Insiders Place Their Bets

In other news, Director Resolute Compo Holdings Llc bought 221,186 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were bought at an average cost of $15.01 per share, with a total value of $3,320,001.86. Following the purchase, the director now directly owns 221,186 shares in the company, valued at $3,320,001.86. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Adam Joseph Lowe sold 18,818 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $10.97, for a total value 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 $16,301,814.92. The trade was a 1.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 704,421 shares of company stock worth $10,929,922 and sold 34,340 shares worth $430,701. Corporate insiders own 74.99% of the company's stock.

CompoSecure Stock Performance

Shares of NASDAQ:CMPO traded down $0.26 during midday trading on Tuesday, reaching $10.88. The company had a trading volume of 461,816 shares, compared to its average volume of 758,570. The company has a fifty day simple moving average of $14.37 and a two-hundred day simple moving average of $14.56. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -24.73, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. CompoSecure, Inc. has a 1-year low of $5.85 and a 1-year high of $17.71.

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.