Swiss National Bank acquired a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,700 shares of the company's stock, valued at approximately $747,000. Swiss National Bank owned about 0.06% of CompoSecure at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Simplicity Wealth LLC bought a new stake in CompoSecure during the fourth quarter valued at $463,000. Atria Investments Inc acquired a new position in shares of CompoSecure in the 4th quarter valued at about $546,000. Victory Capital Management Inc. bought a new stake in shares of CompoSecure during the 4th quarter valued at about $786,000. Charles Schwab Investment Management Inc. grew its stake in CompoSecure by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 77,875 shares of the company's stock worth $1,194,000 after purchasing an additional 8,713 shares during the period. Finally, Otter Creek Advisors LLC bought a new stake in CompoSecure in the fourth quarter worth approximately $3,348,000. 37.56% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, Director Resolute Compo Holdings Llc purchased 233,070 shares of the company's stock in a transaction that occurred on 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 directly owns 879,963 shares of the company's stock, valued at approximately $14,580,986.91. This trade represents a 36.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam Joseph Lowe sold 5,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the transaction, the insider now owns 1,481,036 shares in the company, valued at approximately $16,306,206.36. This trade represents a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 704,421 shares of company stock valued at $10,929,922 and sold 34,340 shares valued at $430,701. Corporate insiders own 74.99% of the company's stock.
Analyst Ratings Changes
CMPO has been the topic of a number of research analyst reports. Needham & Company LLC cut their price target on CompoSecure from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. JPMorgan Chase & Co. cut their target price on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. TD Cowen initiated coverage on shares of CompoSecure in a report on Wednesday, December 18th. They issued a "buy" rating and a $20.00 price target for the company. Finally, Lake Street Capital dropped their price objective on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.19.
View Our Latest Research Report on CMPO
CompoSecure Price Performance
Shares of NASDAQ:CMPO traded down $0.26 during midday trading on Wednesday, hitting $10.67. 1,179,252 shares of the company's stock were exchanged, compared to its average volume of 782,576. CompoSecure, Inc. has a 12 month low of $5.98 and a 12 month high of $17.71. The company has a market cap of $1.09 billion, a PE ratio of -24.25, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. The stock has a 50 day moving average price of $13.63 and a 200-day moving average price of $14.49.
CompoSecure Company Profile
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Free Report)
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.
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