Royce & Associates LP Invests $1.73 Million in CompoSecure, Inc. (NASDAQ:CMPO)

Royce & Associates LP bought a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 112,866 shares of the company's stock, valued at approximately $1,730,000. Royce & Associates LP owned about 0.13% of CompoSecure at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMPO. FMR LLC increased its holdings in shares of CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company's stock valued at $83,000 after acquiring an additional 5,156 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in CompoSecure during the 3rd quarter valued at approximately $140,000. Wolverine Asset Management LLC increased its stake in CompoSecure by 76.3% during the 4th quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company's stock valued at $143,000 after purchasing an additional 4,039 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of CompoSecure in the third quarter worth $146,000. Finally, Centiva Capital LP acquired a new stake in shares of CompoSecure during the third quarter worth $151,000. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CompoSecure

In related news, insider Adam Joseph Lowe sold 18,818 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $10.97, for a total transaction of $206,433.46. Following the completion of the transaction, the insider now owns 1,486,036 shares in the company, valued at $16,301,814.92. This represents a 1.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Resolute Compo Holdings Llc bought 205,120 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was 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 owns 646,893 shares of the company's stock, valued at approximately $10,240,316.19. This represents a 46.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 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 company insiders.

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CompoSecure Stock Up 0.3 %

Shares of NASDAQ CMPO traded up $0.04 during midday trading on Tuesday, reaching $11.55. 811,585 shares of the stock were exchanged, compared to its average volume of 766,809. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -26.25, a PEG ratio of 2.63 and a beta of 0.77. The firm has a 50-day simple moving average of $14.14 and a two-hundred day simple moving average of $14.55. CompoSecure, Inc. has a twelve month low of $5.98 and a twelve month high of $17.71.

Analyst Ratings Changes

Several research firms recently issued reports on CMPO. Lake Street Capital cut 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 price objective on CompoSecure from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. 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 report on Thursday, March 6th. Finally, TD Cowen assumed coverage on shares of CompoSecure in a report on Wednesday, December 18th. They issued a "buy" rating and a $20.00 price target on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, CompoSecure has a consensus rating of "Moderate Buy" and a consensus 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.