Insider Selling: CompoSecure, Inc. (NASDAQ:CMPO) Insider Sells $206,433.46 in Stock

CompoSecure, Inc. (NASDAQ:CMPO) insider Adam Joseph Lowe sold 18,818 shares of CompoSecure stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $10.97, for a total transaction of $206,433.46. Following the completion of the transaction, the insider now directly owns 1,486,036 shares in the company, valued at $16,301,814.92. This represents a 1.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CompoSecure Stock Performance

Shares of CMPO stock opened at $11.02 on Monday. The firm’s 50 day moving average price is $14.52 and its 200-day moving average price is $14.57. CompoSecure, Inc. has a one year low of $5.69 and a one year high of $17.71. The firm has a market cap of $1.13 billion, a P/E ratio of -25.05, a P/E/G ratio of 2.63 and a beta of 0.77.

Hedge Funds Weigh In On CompoSecure

Several large investors have recently made changes to their positions in the stock. Ashford Capital Management Inc. acquired a new position in shares of CompoSecure in the 4th quarter worth approximately $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of CompoSecure in the 4th quarter valued at $177,000. Woodson Capital Management LP grew its position in shares of CompoSecure by 62.3% in the 4th quarter. Woodson Capital Management LP now owns 1,250,000 shares of the company’s stock valued at $19,162,000 after buying an additional 480,000 shares during the last quarter. Squarepoint Ops LLC grew its position in CompoSecure by 29.7% during the 4th quarter. Squarepoint Ops LLC now owns 270,145 shares of the company’s stock worth $4,141,000 after purchasing an additional 61,928 shares during the last quarter. Finally, Tidal Investments LLC grew its position in CompoSecure by 4.3% during the 4th quarter. Tidal Investments LLC now owns 1,604,360 shares of the company’s stock worth $24,595,000 after purchasing an additional 66,880 shares during the last quarter. 37.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMPO has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. TD Cowen began coverage on shares of CompoSecure in a research report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price objective for the company. Needham & Company LLC cut their target price on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Lake Street Capital dropped their price objective on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, CompoSecure has a consensus rating of “Moderate Buy” and an average target price of $16.19.

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.