Invesco Ltd. Raises Position in CompoSecure, Inc. $CMPO

Invesco Ltd. boosted its stake in CompoSecure, Inc. (NASDAQ:CMPO) by 11.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 808,830 shares of the company’s stock after buying an additional 85,708 shares during the quarter. Invesco Ltd. owned approximately 0.79% of CompoSecure worth $8,792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Locust Wood Capital Advisers LLC raised its holdings in CompoSecure by 60.3% in the 1st quarter. Locust Wood Capital Advisers LLC now owns 7,339,015 shares of the company’s stock valued at $79,775,000 after acquiring an additional 2,759,872 shares during the last quarter. Bleichroeder LP raised its holdings in CompoSecure by 1.6% in the 4th quarter. Bleichroeder LP now owns 3,856,966 shares of the company’s stock valued at $59,127,000 after acquiring an additional 59,416 shares during the last quarter. Vanguard Group Inc. raised its holdings in CompoSecure by 65.7% in the 1st quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company’s stock valued at $25,407,000 after acquiring an additional 926,389 shares during the last quarter. Tyro Capital Management LLC raised its holdings in CompoSecure by 1.2% in the 4th quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company’s stock valued at $30,952,000 after acquiring an additional 23,468 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in CompoSecure by 4.3% in the 4th quarter. Tidal Investments LLC now owns 1,604,360 shares of the company’s stock valued at $24,595,000 after acquiring an additional 66,880 shares during the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CompoSecure

In related news, Director Kevin M. Moriarty bought 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $19.28 per share, for a total transaction of $250,640.00. Following the acquisition, the director owned 13,000 shares of the company’s stock, valued at approximately $250,640. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Timothy Walter Fitzsimmons sold 100,000 shares of CompoSecure stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $18.74, for a total transaction of $1,874,000.00. Following the completion of the sale, the chief financial officer owned 759,789 shares of the company’s stock, valued at $14,238,445.86. This trade represents a 11.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 217,125 shares of company stock worth $4,139,550 in the last 90 days. Insiders own 52.10% of the company’s stock.

CompoSecure Price Performance

Shares of NASDAQ CMPO opened at $19.84 on Monday. The company has a 50 day simple moving average of $15.32 and a 200-day simple moving average of $13.40. The company has a market capitalization of $2.03 billion, a P/E ratio of -11.81 and a beta of 0.94. CompoSecure, Inc. has a 1 year low of $9.24 and a 1 year high of $20.02.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Benchmark increased their price objective on shares of CompoSecure from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, August 8th. B. Riley reiterated a “buy” rating and issued a $23.00 price objective (up previously from $17.00) on shares of CompoSecure in a report on Monday, August 18th. Wall Street Zen downgraded shares of CompoSecure from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $16.00 price objective on shares of CompoSecure in a report on Wednesday, August 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective on shares of CompoSecure in a report on Tuesday, May 13th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.67.

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.