Pacific Ridge Capital Partners LLC Decreases Holdings in CompoSecure, Inc. (NASDAQ:CMPO)

Pacific Ridge Capital Partners LLC decreased its stake in CompoSecure, Inc. (NASDAQ:CMPO) by 87.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,575 shares of the company’s stock after selling 381,556 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in CompoSecure were worth $852,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CMPO. Verition Fund Management LLC acquired a new position in shares of CompoSecure during the third quarter worth $798,000. Geode Capital Management LLC boosted its stake in shares of CompoSecure by 34.1% during the 3rd quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock valued at $8,214,000 after buying an additional 148,833 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in CompoSecure during the 4th quarter valued at $526,000. JPMorgan Chase & Co. raised its position 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 in the last quarter. Finally, Truist Financial Corp lifted its stake in CompoSecure by 286.9% during the fourth quarter. Truist Financial Corp now owns 48,368 shares of the company’s stock worth $741,000 after purchasing an additional 35,868 shares during the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CMPO. Lake Street Capital lowered their target price on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Needham & Company LLC lowered their price objective on shares of 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 issued a “buy” rating and a $20.00 target price on the stock. Finally, 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 report on Thursday, March 6th. One 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 company has a consensus rating of “Moderate Buy” and an average price target of $16.19.

Insider Buying and Selling at CompoSecure

In other news, insider Adam Joseph Lowe sold 18,818 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $10.97, for a total transaction of $206,433.46. Following the transaction, the insider now directly owns 1,486,036 shares of the company’s stock, valued at approximately $16,301,814.92. This trade represents a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Resolute Compo Holdings Llc acquired 221,186 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were bought at an average price of $15.01 per share, for a total transaction of $3,320,001.86. Following the completion of the purchase, the director now owns 221,186 shares of the company’s stock, valued at approximately $3,320,001.86. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 704,421 shares of company stock worth $10,929,922 and have sold 34,340 shares worth $430,701. 74.99% of the stock is owned by company insiders.

CompoSecure Stock Down 1.7 %

Shares of NASDAQ:CMPO opened at $11.35 on Thursday. The company’s 50-day moving average price is $14.02 and its 200 day moving average price is $14.53. The company has a market cap of $1.16 billion, a PE ratio of -25.80, a P/E/G ratio of 2.63 and a beta of 0.77. CompoSecure, Inc. has a fifty-two week low of $5.98 and a fifty-two week high of $17.71.

About CompoSecure

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.