Resolute Compo Holdings Llc Purchases 221,186 Shares of CompoSecure, Inc. (NASDAQ:CMPO) Stock

CompoSecure, Inc. (NASDAQ:CMPO) Director Resolute Compo Holdings Llc acquired 221,186 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average price of $15.01 per share, with a total value of $3,320,001.86. Following the completion of the acquisition, the director now owns 221,186 shares in the company, valued at approximately $3,320,001.86. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Resolute Compo Holdings Llc also recently made the following trade(s):

• On Friday, February 14th, Resolute Compo Holdings Llc acquired 205,120 shares of CompoSecure stock. The shares were purchased at an average price of $15.83 per share, with a total value of $3,247,049.60.

CompoSecure Price Performance

Shares of CompoSecure stock opened at $15.64 on Friday. The business has a 50-day moving average of $15.46 and a 200-day moving average of $14.07. The company has a market capitalization of $1.38 billion, a PE ratio of -35.55, a P/E/G ratio of 2.51 and a beta of 0.78. CompoSecure, Inc. has a 1-year low of $4.61 and a 1-year high of $17.03.

Analyst Upgrades and Downgrades

CMPO has been the subject of a number of research analyst reports. TD Cowen initiated coverage on CompoSecure in a report on Wednesday, December 18th. They set a “buy” rating and a $20.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price target on shares of CompoSecure in a report on Monday, November 11th. B. Riley increased their price target on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased their price target on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Finally, Benchmark reiterated a “buy” rating and issued a $17.00 price target on shares of CompoSecure in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.81.

Institutional Trading of CompoSecure

Large investors have recently modified their holdings of the business. Verition Fund Management LLC acquired a new stake in shares of CompoSecure during the third quarter valued at about $798,000. Geode Capital Management LLC grew its stake 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. JPMorgan Chase & Co. grew its stake in CompoSecure by 555.0% in the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock worth $728,000 after purchasing an additional 44,018 shares in the last quarter. State Street Corp grew its stake in CompoSecure by 20.1% in the third 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 in the last quarter. Finally, Tyro Capital Management LLC acquired a new position in CompoSecure in the third quarter worth about $27,978,000. 37.56% of the stock is currently owned by institutional investors and hedge funds.

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.