Insider Buying: CompoSecure, Inc. (NASDAQ:CMPO) Director Purchases 45,045 Shares of Stock

CompoSecure, Inc. (NASDAQ:CMPO) Director Joseph J. Deangelo purchased 45,045 shares of CompoSecure stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of $11.12 per share, with a total value of $500,900.40. Following the completion of the purchase, the director now owns 45,045 shares in the company, valued at approximately $500,900.40. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

CompoSecure Stock Down 2.3 %

Shares of CMPO stock traded down $0.26 during trading hours on Tuesday, reaching $10.88. 461,816 shares of the stock traded hands, compared to its average volume of 758,610. CompoSecure, Inc. has a 1-year low of $5.85 and a 1-year high of $17.71. The business has a fifty day moving average price of $14.37 and a 200 day moving average price of $14.56. The firm has a market capitalization of $1.11 billion, a PE ratio of -24.73, a PEG ratio of 2.63 and a beta of 0.77.

Wall Street Analysts Forecast Growth

CMPO has been the topic of a number of research reports. Needham & Company LLC dropped their target price on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. JPMorgan Chase & Co. dropped their target price on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a 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, Lake Street Capital dropped their target price on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.19.

Institutional Investors Weigh In On CompoSecure

A number of large investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its holdings in shares of CompoSecure by 1,181.9% during the fourth quarter. California State Teachers Retirement System now owns 23,152 shares of the company’s stock valued at $355,000 after acquiring an additional 21,346 shares during the period. Ashford Capital Management Inc. acquired a new stake in shares of CompoSecure during the fourth quarter valued at approximately $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of CompoSecure during the fourth quarter valued at approximately $177,000. Woodson Capital Management LP raised its holdings in shares of CompoSecure by 62.3% during the fourth quarter. Woodson Capital Management LP now owns 1,250,000 shares of the company’s stock valued at $19,162,000 after acquiring an additional 480,000 shares during the period. Finally, Squarepoint Ops LLC increased its stake in CompoSecure by 29.7% in the 4th quarter. Squarepoint Ops LLC now owns 270,145 shares of the company’s stock valued at $4,141,000 after buying an additional 61,928 shares during the period. Institutional investors and hedge funds own 37.56% 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.