Monimus Capital Management LP Acquires Shares of 215,826 CompoSecure, Inc. (NASDAQ:CMPO)

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

Other hedge funds have also bought and sold shares of the company. Wolverine Asset Management LLC purchased a new stake in CompoSecure in the 3rd quarter worth approximately $74,000. FMR LLC boosted its position in CompoSecure by 693.0% in the 3rd quarter. FMR LLC now owns 5,900 shares of the company's stock worth $83,000 after purchasing an additional 5,156 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of CompoSecure during the 3rd quarter worth approximately $140,000. Principal Financial Group Inc. acquired a new position in shares of CompoSecure during the 3rd quarter worth approximately $146,000. Finally, Clear Harbor Asset Management LLC acquired a new position in shares of CompoSecure during the 4th quarter worth approximately $162,000. Hedge funds and other institutional investors own 37.56% of the company's stock.

Analyst Upgrades and Downgrades

CMPO has been the subject of several research analyst reports. 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 research note on Thursday, March 6th. 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 note on Thursday, March 6th. JPMorgan Chase & Co. cut 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, TD Cowen assumed coverage on CompoSecure in a research report on Wednesday, December 18th. They set a "buy" rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.19.

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Insider Buying and Selling at CompoSecure

In other news, CRO Amanda Mandy Gourbault sold 9,622 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $16.09, for a total transaction of $154,817.98. Following the completion of the transaction, the executive now directly owns 821,782 shares of the company's stock, valued at approximately $13,222,472.38. The trade was a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Resolute Compo Holdings Llc acquired 233,070 shares of the stock in a transaction dated Thursday, February 20th. The shares were bought at an average cost of $16.57 per share, with a total value of $3,861,969.90. Following the completion of the transaction, the director now owns 879,963 shares of the company's stock, valued at approximately $14,580,986.91. This represents a 36.03 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 659,376 shares of company stock valued at $10,429,021 and sold 34,340 shares valued at $430,701. 74.99% of the stock is currently owned by corporate insiders.

CompoSecure Stock Down 1.5 %

NASDAQ CMPO traded down $0.17 during trading on Tuesday, hitting $10.97. The stock had a trading volume of 168,882 shares, compared to its average volume of 754,757. The company has a market capitalization of $1.12 billion, a PE ratio of -24.95, a PEG ratio of 2.63 and a beta of 0.77. The firm has a 50 day moving average price of $14.44 and a 200 day moving average price of $14.57. CompoSecure, Inc. has a twelve month low of $5.69 and a twelve month high of $17.71.

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.