Simplicity Wealth LLC Invests $463,000 in CompoSecure, Inc. (NASDAQ:CMPO)

Simplicity Wealth LLC bought a new position in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 30,170 shares of the company's stock, valued at approximately $463,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atria Investments Inc acquired a new stake in CompoSecure in the 4th quarter worth about $546,000. Victory Capital Management Inc. bought a new position in shares of CompoSecure in the 4th quarter valued at $786,000. Charles Schwab Investment Management Inc. boosted its stake in CompoSecure by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 77,875 shares of the company's stock valued at $1,194,000 after buying an additional 8,713 shares in the last quarter. Otter Creek Advisors LLC acquired a new stake in shares of CompoSecure in the 4th quarter valued at approximately $3,348,000. Finally, Oppenheimer & Co. Inc. bought a new position in CompoSecure in the 4th quarter valued at approximately $226,000. Institutional investors and hedge funds own 37.56% of the company's stock.

Insider Buying and Selling

In related news, Director Resolute Compo Holdings Llc acquired 221,186 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was bought at an average price of $15.01 per share, for a total transaction of $3,320,001.86. Following the acquisition, the director now directly owns 221,186 shares of the company's stock, valued at $3,320,001.86. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of the firm's stock in a transaction that occurred 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 directly owns 821,782 shares in the company, valued at approximately $13,222,472.38. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders bought 659,376 shares of company stock valued at $10,429,021. 74.99% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CMPO shares. 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. Needham & Company LLC reduced their target price on CompoSecure from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. TD Cowen started coverage on CompoSecure in a report on Wednesday, December 18th. They set a "buy" rating and a $20.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $16.19.

CompoSecure Stock Performance

Shares of CMPO stock traded up $0.63 during mid-day trading on Friday, hitting $11.02. The company's stock had a trading volume of 1,070,143 shares, compared to its average volume of 752,361. The business has a 50-day moving average price of $14.61 and a 200 day moving average price of $14.54. CompoSecure, Inc. has a 52-week low of $5.58 and a 52-week high of $17.71. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -25.05, a PEG ratio of 2.63 and a beta of 0.77.

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.