Resolute Compo Holdings Llc Purchases 205,120 Shares of CompoSecure, Inc. (NASDAQ:CMPO) Stock

CompoSecure, Inc. (NASDAQ:CMPO) Director Resolute Compo Holdings Llc acquired 205,120 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average price of $15.83 per share, with a total value of $3,247,049.60. Following the completion of the acquisition, the director now directly owns 646,893 shares of the company’s stock, valued at $10,240,316.19. This represents a 46.43 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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

CompoSecure Stock Performance

Shares of CMPO stock opened at $15.64 on Friday. CompoSecure, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $17.03. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -35.55, a PEG ratio of 2.51 and a beta of 0.78. The stock’s 50-day simple moving average is $15.46 and its 200-day simple moving average is $14.07.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Cowen assumed coverage on CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Benchmark restated a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a research note on Monday, November 11th. Finally, B. Riley lifted their target price on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, CompoSecure currently has an average rating of “Moderate Buy” and a consensus target price of $16.81.

Institutional Investors Weigh In On CompoSecure

Large investors have recently modified their holdings of the business. KLP Kapitalforvaltning AS purchased a new stake in shares of CompoSecure during the fourth quarter worth about $75,000. nVerses Capital LLC purchased a new stake in shares of CompoSecure during the third quarter worth about $72,000. CWM LLC grew its stake in shares of CompoSecure by 42.0% during the third quarter. CWM LLC now owns 5,192 shares of the company’s stock worth $73,000 after acquiring an additional 1,536 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in CompoSecure in the third quarter valued at approximately $74,000. Finally, FMR LLC boosted its position in CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after buying an additional 5,156 shares during the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

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.