CompoSecure, Inc. (NASDAQ:CMPO) Shares Purchased by Ballast Asset Management LP

Ballast Asset Management LP grew its position in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 22.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 189,500 shares of the company’s stock after purchasing an additional 35,026 shares during the quarter. Ballast Asset Management LP owned 0.22% of CompoSecure worth $2,905,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Tyro Capital Management LLC acquired a new position in CompoSecure during the third quarter worth about $27,978,000. Arrowstreet Capital Limited Partnership grew its stake in shares of CompoSecure by 24.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,583,369 shares of the company’s stock worth $24,273,000 after purchasing an additional 315,046 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of CompoSecure by 33.7% in the 4th quarter. Vanguard Group Inc. now owns 1,410,934 shares of the company’s stock worth $21,630,000 after purchasing an additional 355,427 shares in the last quarter. Geode Capital Management LLC boosted its holdings in CompoSecure by 9.5% during the fourth quarter. Geode Capital Management LLC now owns 641,623 shares of the company’s stock worth $9,839,000 after buying an additional 55,877 shares in the last quarter. Finally, 12th Street Asset Management Company LLC acquired a new position in CompoSecure in the fourth quarter worth approximately $6,945,000. Institutional investors own 37.56% of the company’s stock.

CompoSecure Price Performance

NASDAQ CMPO opened at $10.87 on Tuesday. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -24.70, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. The company has a 50 day simple moving average of $13.80 and a 200-day simple moving average of $14.53. CompoSecure, Inc. has a 52-week low of $5.98 and a 52-week high of $17.71.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CMPO. Lake Street Capital reduced their price objective on CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. TD Cowen assumed coverage on CompoSecure in a research note on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target on the stock. JPMorgan Chase & Co. reduced 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. Finally, 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 research report 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.19.

Insiders Place Their Bets

In other news, insider Adam Joseph Lowe sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the completion of the sale, the insider now directly owns 1,481,036 shares of the company’s stock, valued at $16,306,206.36. This trade represents a 0.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph J. Deangelo purchased 45,045 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of $11.12 per share, with a total value of $500,900.40. Following the purchase, the director now owns 45,045 shares in the company, valued at $500,900.40. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 704,421 shares of company stock worth $10,929,922 and sold 34,340 shares worth $430,701. Insiders own 74.99% 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.