CompoSecure, Inc. (NASDAQ:CMPO) Shares Bought by Bank of America Corp DE

Bank of America Corp DE raised its position in CompoSecure, Inc. (NASDAQ:CMPO) by 449.5% 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 651,211 shares of the company’s stock after acquiring an additional 532,708 shares during the quarter. Bank of America Corp DE owned approximately 0.74% of CompoSecure worth $9,983,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in CompoSecure in the 4th quarter valued at about $2,750,000. Ameriprise Financial Inc. increased its stake in shares of CompoSecure by 1.9% during the fourth quarter. Ameriprise Financial Inc. now owns 133,399 shares of the company’s stock worth $2,045,000 after buying an additional 2,521 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of CompoSecure by 103.4% during the fourth quarter. Alyeska Investment Group L.P. now owns 295,104 shares of the company’s stock worth $4,524,000 after buying an additional 150,000 shares during the period. AlTi Global Inc. purchased a new stake in shares of CompoSecure during the fourth quarter worth approximately $5,706,000. Finally, Bwcp LP increased its stake in shares of CompoSecure by 12.8% during the fourth quarter. Bwcp LP now owns 701,201 shares of the company’s stock worth $10,749,000 after buying an additional 79,634 shares during the period. 37.56% of the stock is owned by institutional investors and hedge funds.

CompoSecure Stock Up 4.2%

Shares of CMPO opened at $13.22 on Friday. The stock has a 50 day moving average price of $11.18 and a 200 day moving average price of $13.64. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -30.05, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a 52-week low of $5.98 and a 52-week high of $17.71.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. The firm had revenue of $103.90 million during the quarter, compared to the consensus estimate of $103.22 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. On average, equities analysts anticipate that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling at CompoSecure

In other CompoSecure news, insider Adam Joseph Lowe sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.01, for a total value of $55,050.00. Following the completion of the sale, the insider now owns 1,481,036 shares in the company, valued at approximately $16,306,206.36. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph J. Deangelo acquired 45,045 shares of CompoSecure stock in a transaction on Monday, March 17th. The stock was purchased at an average price of $11.12 per share, with a total value of $500,900.40. Following the purchase, the director now owns 45,045 shares of the company’s stock, valued at $500,900.40. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 34,340 shares of company stock worth $430,701. 74.99% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CMPO has been the topic of a number of recent research reports. Wall Street Zen lowered shares of CompoSecure from a “buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of CompoSecure in a research note on Tuesday, May 13th. JPMorgan Chase & Co. cut their target price 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. Finally, Lake Street Capital cut their target price on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.19.

About CompoSecure

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.