Joseph J. Deangelo Purchases 45,045 Shares of CompoSecure, Inc. (NASDAQ:CMPO) Stock

CompoSecure, Inc. (NASDAQ:CMPO) Director Joseph J. Deangelo purchased 45,045 shares of the stock in a transaction dated Monday, March 17th. The shares were acquired at an average price of $11.12 per share, for a total transaction of $500,900.40. Following the acquisition, the director now directly owns 45,045 shares of the company’s stock, valued at $500,900.40. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CompoSecure Trading Up 4.6 %

CMPO stock opened at $11.38 on Thursday. The firm has a market cap of $1.16 billion, a PE ratio of -25.86, a PEG ratio of 2.63 and a beta of 0.77. CompoSecure, Inc. has a 1 year low of $5.98 and a 1 year high of $17.71. The company has a fifty day simple moving average of $14.30 and a 200 day simple moving average of $14.54.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

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