JPMorgan Chase & Co. Grows Position in CompoSecure, Inc. (NASDAQ:CMPO)

JPMorgan Chase & Co. lifted its position in CompoSecure, Inc. (NASDAQ:CMPO) by 617.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,709 shares of the company’s stock after acquiring an additional 320,760 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.42% of CompoSecure worth $5,714,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new stake in CompoSecure in the fourth quarter worth about $75,000. FMR LLC increased its holdings in CompoSecure by 693.0% during the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after acquiring an additional 5,156 shares during the period. Wolverine Asset Management LLC lifted its stake in CompoSecure by 76.3% in the 4th quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company’s stock worth $143,000 after purchasing an additional 4,039 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of CompoSecure by 33.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company’s stock worth $161,000 after purchasing an additional 2,547 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in CompoSecure during the third quarter worth about $146,000. Hedge funds and other institutional investors own 37.56% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on CMPO shares. JPMorgan Chase & Co. decreased their price objective on CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Lake Street Capital dropped their target price on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Finally, Needham & Company LLC reduced their price objective on CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. 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 currently has a consensus rating of “Moderate Buy” and an average price target of $16.19.

CompoSecure Trading Up 1.5 %

Shares of NASDAQ:CMPO opened at $10.65 on Friday. The stock has a 50 day moving average of $12.15 and a 200 day moving average of $14.18. The company has a market cap of $1.09 billion, a PE ratio of -24.20, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a 12-month low of $5.98 and a 12-month high of $17.71.

Insider Buying and Selling at CompoSecure

In other news, Director Resolute Compo Holdings Llc purchased 205,120 shares of the stock in a transaction on Friday, February 14th. The stock was bought at an average price of $15.83 per share, with a total value of $3,247,049.60. Following the transaction, the director now owns 646,893 shares in the company, valued at $10,240,316.19. The trade was a 46.43 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Joseph Lowe sold 18,818 shares of the stock in a transaction that occurred 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 owns 1,486,036 shares in the company, valued at approximately $16,301,814.92. This trade represents a 1.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 704,421 shares of company stock worth $10,929,922 and have sold 34,340 shares worth $430,701. Company insiders own 74.99% of the company’s stock.

CompoSecure 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.