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

CompoSecure, Inc. (NASDAQ:CMPO) Director Resolute Compo Holdings Llc acquired 233,070 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were bought at an average price of $16.57 per share, with a total value of $3,861,969.90. Following the completion of the transaction, the director now directly owns 879,963 shares of the company’s stock, valued at approximately $14,580,986.91. The trade was a 36.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 bought at an average price of $15.83 per share, with a total value of $3,247,049.60.
• On Wednesday, February 12th, Resolute Compo Holdings Llc acquired 221,186 shares of CompoSecure stock. The shares were bought at an average price of $15.01 per share, with a total value of $3,320,001.86.

CompoSecure Price Performance

Shares of NASDAQ:CMPO opened at $16.11 on Friday. The company’s 50 day simple moving average is $15.48 and its 200 day simple moving average is $14.33. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -36.61, a price-to-earnings-growth ratio of 2.68 and a beta of 0.78. CompoSecure, Inc. has a 1 year low of $4.61 and a 1 year high of $17.71.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC bought a new position in CompoSecure in the third quarter valued at approximately $798,000. Geode Capital Management LLC increased 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 valued at $8,214,000 after acquiring an additional 148,833 shares during the last quarter. JPMorgan Chase & Co. increased its stake in CompoSecure by 555.0% in the third 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 during the last quarter. State Street Corp increased its stake in CompoSecure by 20.1% in the third quarter. State Street Corp now owns 395,691 shares of the company’s stock valued at $5,548,000 after acquiring an additional 66,232 shares during the last quarter. Finally, Tyro Capital Management LLC bought a new stake in shares of CompoSecure during the third quarter worth $27,978,000. 37.56% of the stock is owned by institutional investors.

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.