CompoSecure (NASDAQ:CMPO) Shares Gap Up – Here’s What Happened

CompoSecure, Inc. (NASDAQ:CMPO) gapped up before the market opened on Tuesday . The stock had previously closed at $15.64, but opened at $16.88. CompoSecure shares last traded at $16.41, with a volume of 163,615 shares traded.

Wall Street Analyst Weigh In

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

CompoSecure Stock Performance

The firm has a market capitalization of $1.51 billion, a P/E ratio of -38.84, a P/E/G ratio of 2.51 and a beta of 0.78. The stock’s 50 day simple moving average is $15.47 and its 200 day simple moving average is $14.23.

Insider Activity at CompoSecure

In related news, insider Adam Joseph Lowe sold 34,310 shares of CompoSecure stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.24, for a total value of $557,194.40. Following the completion of the sale, the insider now directly owns 1,315,068 shares in the company, valued at $21,356,704.32. The trade was a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Resolute Compo Holdings Llc bought 221,186 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were acquired at an average price of $15.01 per share, for a total transaction of $3,320,001.86. Following the completion of the acquisition, the director now owns 221,186 shares in the company, valued at $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 quarter, insiders sold 180,660 shares of company stock worth $2,921,066. Company insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Hedge funds and other institutional investors have recently modified their holdings of the business. Locust Wood Capital Advisers LLC lifted its holdings 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 buying an additional 734,202 shares during the period. Bleichroeder LP raised its position in shares of CompoSecure by 1.6% in the 4th quarter. Bleichroeder LP now owns 3,856,966 shares of the company’s stock worth $59,127,000 after acquiring an additional 59,416 shares in the last quarter. Cannell Capital LLC lifted its stake in shares of CompoSecure by 8.0% during the 4th 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 last quarter. Tyro Capital Management LLC boosted its position in CompoSecure by 1.2% during the fourth quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company’s stock valued at $30,952,000 after purchasing an additional 23,468 shares in the last quarter. Finally, Capital World Investors purchased a new position in CompoSecure in the fourth quarter valued at about $27,387,000. 37.56% of the stock is currently 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.