LGL Partners LLC Takes Position in CompoSecure, Inc. (NASDAQ:CMPO)

LGL Partners LLC purchased a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 33,560 shares of the company’s stock, valued at approximately $514,000.

Several other institutional investors and hedge funds have also modified their holdings of CMPO. Bank of New York Mellon Corp raised its stake in CompoSecure by 64.7% during the fourth quarter. Bank of New York Mellon Corp now owns 96,820 shares of the company’s stock worth $1,484,000 after acquiring an additional 38,037 shares in the last quarter. Rowlandmiller & PARTNERS.ADV grew its holdings in shares of CompoSecure by 25.4% during the 4th quarter. Rowlandmiller & PARTNERS.ADV now owns 13,325 shares of the company’s stock valued at $204,000 after purchasing an additional 2,700 shares during the last quarter. Delta Financial Group Inc. acquired a new position in CompoSecure during the 4th quarter worth approximately $198,000. Wolverine Asset Management LLC lifted its stake in CompoSecure by 76.3% in the 4th quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company’s stock valued at $143,000 after purchasing an additional 4,039 shares during the last quarter. Finally, Truist Financial Corp boosted its position in CompoSecure by 286.9% in the fourth quarter. Truist Financial Corp now owns 48,368 shares of the company’s stock valued at $741,000 after buying an additional 35,868 shares in the last quarter. 37.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CMPO has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price target on shares of CompoSecure in a report on Monday, November 11th. JPMorgan Chase & Co. upped their target price on CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. TD Cowen began coverage on CompoSecure in a research report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 target price for the company. Benchmark restated a “buy” rating and set a $17.00 price target on shares of CompoSecure in a report on Tuesday, November 12th. Finally, B. Riley raised 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. 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $16.81.

CompoSecure Price Performance

CompoSecure stock opened at $15.34 on Wednesday. The stock’s 50 day moving average is $15.46 and its 200 day moving average is $14.50. CompoSecure, Inc. has a one year low of $4.61 and a one year high of $17.71. The firm has a market cap of $1.35 billion, a P/E ratio of -34.86, a P/E/G ratio of 2.63 and a beta of 0.78.

Insider Transactions at CompoSecure

In related news, insider Adam Joseph Lowe sold 34,310 shares of CompoSecure stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.24, for a total transaction of $557,194.40. Following the completion of the transaction, the insider now owns 1,315,068 shares of the company’s stock, valued at $21,356,704.32. This trade represents a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Resolute Compo Holdings Llc purchased 221,186 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were purchased at an average cost of $15.01 per share, for a total transaction of $3,320,001.86. Following the transaction, the director now directly owns 221,186 shares of the company’s stock, valued at approximately $3,320,001.86. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 659,376 shares of company stock worth $10,429,021 and have sold 156,337 shares worth $2,525,818. Corporate insiders own 74.99% of the company’s stock.

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.