Nuveen LLC Buys Shares of 78,651 CompoSecure, Inc. $CMPO

Nuveen LLC bought a new stake in CompoSecure, Inc. (NASDAQ:CMPO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 78,651 shares of the company’s stock, valued at approximately $855,000. Nuveen LLC owned approximately 0.08% of CompoSecure as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Invesco Ltd. raised its position in shares of CompoSecure by 11.9% in the 1st quarter. Invesco Ltd. now owns 808,830 shares of the company’s stock valued at $8,792,000 after purchasing an additional 85,708 shares in the last quarter. Locust Wood Capital Advisers LLC raised its position in shares of CompoSecure by 60.3% during 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 in the last quarter. Wolverine Asset Management LLC raised its position in shares of CompoSecure by 39.7% during the 1st quarter. Wolverine Asset Management LLC now owns 13,044 shares of the company’s stock valued at $142,000 after acquiring an additional 3,709 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of CompoSecure by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,339 shares of the company’s stock valued at $123,000 after acquiring an additional 1,138 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of CompoSecure by 4.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 81,165 shares of the company’s stock valued at $882,000 after acquiring an additional 3,290 shares in the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $18.74, for a total value of $1,874,000.00. Following the completion of the transaction, the chief financial officer owned 759,789 shares of the company’s stock, valued at approximately $14,238,445.86. This represents a 11.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Rebecca Corbin Loree purchased 5,240 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was acquired at an average cost of $19.09 per share, with a total value of $100,031.60. Following the purchase, the director owned 5,240 shares of the company’s stock, valued at approximately $100,031.60. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 217,125 shares of company stock worth $4,139,550. 52.10% of the stock is owned by company insiders.

Analyst Ratings Changes

CMPO has been the topic of several research reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $16.00 price target on shares of CompoSecure in a research report on Wednesday, August 20th. B. Riley reissued a “buy” rating and set a $23.00 price target (up from $17.00) on shares of CompoSecure in a research report on Monday, August 18th. Wall Street Zen lowered CompoSecure from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of CompoSecure in a research report on Tuesday, May 13th. Finally, Benchmark upped their price target on CompoSecure from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, CompoSecure presently has an average rating of “Moderate Buy” and an average price target of $17.67.

CompoSecure Price Performance

Shares of CMPO opened at $18.98 on Wednesday. The company has a market cap of $1.94 billion, a P/E ratio of -11.30 and a beta of 0.97. The stock has a fifty day moving average price of $16.08 and a 200 day moving average price of $13.61. CompoSecure, Inc. has a 12 month low of $9.24 and a 12 month high of $20.14.

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.