Vanguard Group Inc. Increases Stock Position in CompoSecure, Inc. (NASDAQ:CMPO)

Vanguard Group Inc. grew its position in CompoSecure, Inc. (NASDAQ:CMPO) by 33.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,410,934 shares of the company’s stock after buying an additional 355,427 shares during the quarter. Vanguard Group Inc. owned 1.60% of CompoSecure worth $21,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of CompoSecure by 34.1% in the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock valued at $8,214,000 after purchasing an additional 148,833 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of CompoSecure in the fourth quarter worth $526,000. JPMorgan Chase & Co. grew its stake in shares of CompoSecure by 555.0% in the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock worth $728,000 after acquiring an additional 44,018 shares in the last quarter. Truist Financial Corp increased its position in shares of CompoSecure by 286.9% during the fourth quarter. Truist Financial Corp now owns 48,368 shares of the company’s stock worth $741,000 after acquiring an additional 35,868 shares during the period. Finally, State Street Corp boosted its holdings in CompoSecure by 20.1% in the third quarter. State Street Corp now owns 395,691 shares of the company’s stock valued at $5,548,000 after purchasing an additional 66,232 shares during the period. 37.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity at CompoSecure

In other news, Director Joseph J. Deangelo purchased 45,045 shares of the stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of $11.12 per share, for a total transaction of $500,900.40. Following the acquisition, the director now owns 45,045 shares of the company’s stock, valued at $500,900.40. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction, the insider now directly owns 1,481,036 shares in the company, valued at $16,306,206.36. This represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 704,421 shares of company stock worth $10,929,922 and have sold 34,340 shares worth $430,701. 74.99% of the stock is currently owned by insiders.

CompoSecure Trading Down 2.2 %

Shares of CMPO opened at $10.45 on Wednesday. CompoSecure, Inc. has a twelve month low of $5.98 and a twelve month high of $17.71. The firm has a market capitalization of $1.07 billion, a P/E ratio of -23.75, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87. The stock’s fifty day simple moving average is $12.42 and its 200 day simple moving average is $14.25.

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.