CompoSecure, Inc. (NASDAQ:CMPO) Shares Acquired by Truist Financial Corp

Truist Financial Corp boosted its stake in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 286.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 48,368 shares of the company's stock after buying an additional 35,868 shares during the period. Truist Financial Corp owned approximately 0.05% of CompoSecure worth $741,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CMPO. Wolverine Asset Management LLC purchased a new stake in shares of CompoSecure in the third quarter valued at $74,000. FMR LLC raised 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 during the period. Harvest Fund Management Co. Ltd bought a new stake in CompoSecure in the third quarter worth about $140,000. Principal Financial Group Inc. purchased a new position in shares of CompoSecure during the third quarter valued at approximately $146,000. Finally, Clear Harbor Asset Management LLC bought a new position in shares of CompoSecure during the fourth quarter valued at approximately $162,000. 37.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMPO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday. Needham & Company LLC lowered their target price on shares of CompoSecure from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday. TD Cowen initiated coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They issued a "buy" rating and a $20.00 price target on the stock. B. Riley boosted their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, Benchmark reissued a "buy" rating and issued a $17.00 price objective on shares of CompoSecure in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $16.56.

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CompoSecure Stock Down 1.0 %

Shares of NASDAQ CMPO traded down $0.12 during mid-day trading on Thursday, reaching $11.90. 1,176,658 shares of the company were exchanged, compared to its average volume of 724,024. CompoSecure, Inc. has a 1 year low of $4.70 and a 1 year high of $17.71. The firm has a 50-day moving average of $15.18 and a 200 day moving average of $14.58. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -27.11, a P/E/G ratio of 2.63 and a beta of 0.78.

Insider Transactions at CompoSecure

In other CompoSecure news, Director Resolute Compo Holdings Llc bought 221,186 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were purchased at an average cost of $15.01 per share, for a total transaction 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 represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Gregoire Maes sold 55,137 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.40, for a total value of $904,246.80. Following the completion of the sale, the chief operating officer now owns 762,009 shares of the company's stock, valued at approximately $12,496,947.60. This trade represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 659,376 shares of company stock valued at $10,429,021 and have sold 166,319 shares valued at $2,686,288. Insiders own 74.99% of the company's stock.

CompoSecure Company 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.