Resolute Compo Holdings Llc Buys 233,070 Shares of CompoSecure, Inc. (NASDAQ:CMPO) Stock

CompoSecure, Inc. (NASDAQ:CMPO) Director Resolute Compo Holdings Llc purchased 233,070 shares of the stock in a transaction dated Thursday, February 20th. The shares were purchased at an average cost of $16.57 per share, for a total transaction of $3,861,969.90. Following the transaction, the director now owns 879,963 shares in the company, valued at approximately $14,580,986.91. The trade was a 36.03 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, February 14th, Resolute Compo Holdings Llc purchased 205,120 shares of CompoSecure stock. The shares were purchased at an average cost of $15.83 per share, for a total transaction of $3,247,049.60.
• On Wednesday, February 12th, Resolute Compo Holdings Llc purchased 221,186 shares of CompoSecure stock. The shares were purchased at an average cost of $15.01 per share, for a total transaction of $3,320,001.86.

CompoSecure Price Performance

Shares of NASDAQ:CMPO opened at $16.11 on Friday. The firm has a market capitalization of $1.42 billion, a PE ratio of -36.61, a price-to-earnings-growth ratio of 2.63 and a beta of 0.78. The firm’s 50-day moving average is $15.48 and its two-hundred day moving average is $14.37. CompoSecure, Inc. has a 1 year low of $4.61 and a 1 year high of $17.71.

Institutional Trading of CompoSecure

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Locust Wood Capital Advisers LLC increased its stake in CompoSecure by 19.1% during the fourth quarter. Locust Wood Capital Advisers LLC now owns 4,579,143 shares of the company’s stock worth $70,198,000 after purchasing an additional 734,202 shares during the period. Bleichroeder LP increased its stake in CompoSecure by 1.6% during the fourth quarter. Bleichroeder LP now owns 3,856,966 shares of the company’s stock worth $59,127,000 after purchasing an additional 59,416 shares during the period. Cannell Capital LLC increased its stake in CompoSecure by 8.0% during the fourth quarter. Cannell Capital LLC now owns 2,278,726 shares of the company’s stock worth $34,933,000 after purchasing an additional 169,067 shares during the period. Tyro Capital Management LLC increased its stake in CompoSecure by 1.2% during the fourth quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company’s stock worth $30,952,000 after purchasing an additional 23,468 shares during the period. Finally, Capital World Investors acquired a new position in shares of CompoSecure during the fourth quarter worth about $27,387,000. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.