Zuckerman Investment Group LLC increased its holdings in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 85.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,525,207 shares of the company's stock after purchasing an additional 700,858 shares during the period. CompoSecure accounts for 2.4% of Zuckerman Investment Group LLC's investment portfolio, making the stock its 13th biggest position. Zuckerman Investment Group LLC owned about 1.73% of CompoSecure worth $24,098,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in CMPO. KLP Kapitalforvaltning AS purchased a new stake in CompoSecure in the 4th quarter valued at about $75,000. FMR LLC grew its holdings in CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company's stock valued at $83,000 after purchasing an additional 5,156 shares during the period. Wolverine Asset Management LLC increased its position in CompoSecure by 76.3% during the fourth quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company's stock worth $143,000 after purchasing an additional 4,039 shares during the last quarter. Principal Financial Group Inc. purchased a new position in CompoSecure during the third quarter worth approximately $146,000. Finally, Centiva Capital LP acquired a new position in shares of CompoSecure in the 3rd quarter valued at $151,000. 37.56% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at CompoSecure
In other CompoSecure news, Director Resolute Compo Holdings Llc purchased 221,186 shares of CompoSecure stock in a transaction 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 transaction, the director now owns 221,186 shares of the company's stock, valued at $3,320,001.86. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Adam Joseph Lowe sold 18,818 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was 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 directly owns 1,486,036 shares of the company's stock, valued at $16,301,814.92. The trade was a 1.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 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.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on CMPO shares. TD Cowen started coverage on CompoSecure in a research note on Wednesday, December 18th. They issued a "buy" rating and a $20.00 price objective on the stock. Lake Street Capital reduced their price objective on CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. JPMorgan Chase & Co. lowered their target price on CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Finally, Needham & Company LLC dropped their price objective on shares of CompoSecure from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. One investment 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, CompoSecure currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.19.
View Our Latest Stock Report on CMPO
CompoSecure Stock Performance
Shares of CompoSecure stock traded down $0.01 during trading on Tuesday, reaching $10.69. The company had a trading volume of 258,395 shares, compared to its average volume of 804,309. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -24.30, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a fifty-two week low of $5.98 and a fifty-two week high of $17.71. The firm's fifty day moving average is $12.53 and its 200-day moving average is $14.28.
About CompoSecure
(
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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