Vanguard Group Inc. Has $21.63 Million Stock Position in CompoSecure, Inc. (NASDAQ:CMPO)

Vanguard Group Inc. grew its holdings in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 33.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,410,934 shares of the company's stock after acquiring an additional 355,427 shares during the period. Vanguard Group Inc. owned 1.60% of CompoSecure worth $21,630,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in CompoSecure by 34.1% in the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company's stock worth $8,214,000 after purchasing an additional 148,833 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of CompoSecure during the 4th quarter worth about $526,000. JPMorgan Chase & Co. increased its holdings in shares of CompoSecure by 555.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company's stock valued at $728,000 after acquiring an additional 44,018 shares during the last quarter. Truist Financial Corp raised its stake in shares of CompoSecure by 286.9% in the 4th quarter. Truist Financial Corp now owns 48,368 shares of the company's stock valued at $741,000 after acquiring an additional 35,868 shares in the last quarter. Finally, State Street Corp lifted its holdings in CompoSecure by 20.1% in the 3rd quarter. State Street Corp now owns 395,691 shares of the company's stock worth $5,548,000 after purchasing an additional 66,232 shares during the last quarter. Institutional investors and hedge funds own 37.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Lake Street Capital cut their target price on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Finally, Needham & Company LLC lowered their price target on CompoSecure from $16.00 to $15.00 and set a "buy" rating on the stock in a research 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $16.19.

CompoSecure Price Performance

Shares of NASDAQ CMPO traded up $0.16 during mid-day trading on Friday, hitting $10.65. The company had a trading volume of 704,974 shares, compared to its average volume of 812,187. CompoSecure, Inc. has a 12 month low of $5.98 and a 12 month high of $17.71. The firm has a market cap of $1.09 billion, a P/E ratio of -24.20, a PEG ratio of 2.63 and a beta of 0.87. The business's 50-day simple moving average is $12.24 and its 200-day simple moving average is $14.20.

Insider Buying and Selling at CompoSecure

In related news, Director Resolute Compo Holdings Llc purchased 221,186 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average price of $15.01 per share, with a total value 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Adam Joseph Lowe sold 18,818 shares of the business's stock in a transaction on 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 sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders have acquired 704,421 shares of company stock valued at $10,929,922 and have sold 34,340 shares valued at $430,701. Insiders own 74.99% of the company's stock.

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.