Otter Creek Advisors LLC Acquires New Shares in CompoSecure, Inc. (NASDAQ:CMPO)

Otter Creek Advisors LLC bought a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 218,421 shares of the company’s stock, valued at approximately $3,348,000. CompoSecure comprises about 2.3% of Otter Creek Advisors LLC’s portfolio, making the stock its 27th biggest holding. Otter Creek Advisors LLC owned about 0.25% of CompoSecure at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in CompoSecure by 1.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company’s stock worth $574,000 after purchasing an additional 701 shares during the period. Principal Financial Group Inc. raised its holdings in shares of CompoSecure by 9.3% in the 4th quarter. Principal Financial Group Inc. now owns 11,399 shares of the company’s stock valued at $175,000 after purchasing an additional 967 shares in the last quarter. Bard Associates Inc. lifted its position in shares of CompoSecure by 0.6% during the 3rd quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock worth $4,280,000 after purchasing an additional 1,957 shares during the last quarter. Rowlandmiller & PARTNERS.ADV increased its holdings in CompoSecure by 25.4% in the fourth quarter. Rowlandmiller & PARTNERS.ADV now owns 13,325 shares of the company’s stock valued at $204,000 after buying an additional 2,700 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its stake in CompoSecure by 76.3% in the fourth quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company’s stock valued at $143,000 after buying an additional 4,039 shares in the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

CompoSecure Stock Performance

Shares of CMPO opened at $15.80 on Thursday. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -35.91, a price-to-earnings-growth ratio of 2.63 and a beta of 0.78. CompoSecure, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $17.71. The firm has a 50-day simple moving average of $15.46 and a 200-day simple moving average of $14.51.

Insiders Place Their Bets

In other CompoSecure news, insider Adam Joseph Lowe sold 34,310 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.24, for a total transaction of $557,194.40. Following the transaction, the insider now owns 1,315,068 shares in the company, valued at approximately $21,356,704.32. The trade was a 2.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Resolute Compo Holdings Llc purchased 233,070 shares of CompoSecure stock in a transaction dated Thursday, February 20th. The stock was acquired at an average cost of $16.57 per share, with a total value of $3,861,969.90. Following the completion of the acquisition, the director now directly owns 879,963 shares in the company, valued at approximately $14,580,986.91. This trade represents a 36.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 659,376 shares of company stock valued at $10,429,021 and sold 156,337 shares valued at $2,525,818. 74.99% of the stock is owned by insiders.

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.