Victory Capital Management Inc. Acquires Shares of 51,298 CompoSecure, Inc. (NASDAQ:CMPO)

Victory Capital Management Inc. purchased a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 51,298 shares of the company's stock, valued at approximately $786,000. Victory Capital Management Inc. owned about 0.06% of CompoSecure at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of CompoSecure by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 77,875 shares of the company's stock worth $1,194,000 after acquiring an additional 8,713 shares during the period. Otter Creek Advisors LLC acquired a new stake in CompoSecure during the 4th quarter worth about $3,348,000. Oppenheimer & Co. Inc. purchased a new position in shares of CompoSecure during the 4th quarter valued at about $226,000. LGL Partners LLC acquired a new position in shares of CompoSecure in the 4th quarter valued at about $514,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of CompoSecure by 64.7% in the fourth quarter. Bank of New York Mellon Corp now owns 96,820 shares of the company's stock worth $1,484,000 after buying an additional 38,037 shares during the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CompoSecure news, insider Adam Joseph Lowe sold 5,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the completion of the transaction, the insider now owns 1,481,036 shares of the company's stock, valued at $16,306,206.36. This represents a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $16.09, for a total value of $154,817.98. Following the completion of the transaction, the executive now owns 821,782 shares in the company, valued at approximately $13,222,472.38. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 704,421 shares of company stock worth $10,929,922 and sold 34,340 shares worth $430,701. Insiders own 74.99% of the company's stock.

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Analysts Set New Price Targets

Several brokerages recently weighed in on CMPO. Needham & Company LLC reduced their price target on CompoSecure from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. TD Cowen initiated coverage on shares of CompoSecure in a report on Wednesday, December 18th. They set a "buy" rating and a $20.00 target price for the company. Lake Street Capital lowered their price target 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $16.19.

CompoSecure Trading Up 1.9 %

CMPO traded up $0.21 during midday trading on Monday, hitting $11.51. 729,643 shares of the company traded hands, compared to its average volume of 766,809. The business has a 50 day simple moving average of $14.18 and a two-hundred day simple moving average of $14.55. CompoSecure, Inc. has a 52-week low of $5.98 and a 52-week high of $17.71. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -26.16, 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.