Simplicity Wealth LLC Purchases Shares of 30,170 CompoSecure, Inc. (NASDAQ:CMPO)

Simplicity Wealth LLC purchased a new stake in CompoSecure, Inc. (NASDAQ:CMPO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 30,170 shares of the company’s stock, valued at approximately $463,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMPO. Wolverine Asset Management LLC purchased a new stake in CompoSecure in the 3rd quarter valued at about $74,000. FMR LLC grew its holdings in CompoSecure by 693.0% in the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after buying an additional 5,156 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in CompoSecure in the 3rd quarter valued at about $140,000. Principal Financial Group Inc. purchased a new stake in CompoSecure in the 3rd quarter valued at about $146,000. Finally, Centiva Capital LP purchased a new stake in shares of CompoSecure during the 3rd quarter worth about $151,000. Hedge funds and other institutional investors own 37.56% of the company’s stock.

Insiders Place Their Bets

In other CompoSecure news, Director Resolute Compo Holdings Llc bought 205,120 shares of the business’s stock in a transaction on Friday, February 14th. The shares were bought at an average cost of $15.83 per share, with a total value of $3,247,049.60. Following the transaction, the director now directly owns 646,893 shares in the company, valued at approximately $10,240,316.19. This trade represents a 46.43 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $16.09, for a total value of $154,817.98. Following the completion of the transaction, the executive now directly owns 821,782 shares in the company, valued at approximately $13,222,472.38. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders purchased a total of 659,376 shares of company stock worth $10,429,021 in the last 90 days. 74.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on CompoSecure from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Lake Street Capital decreased their target price on CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, March 6th. B. Riley boosted their target price on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. TD Cowen assumed coverage on CompoSecure in a report on Wednesday, December 18th. They set a “buy” rating and a $20.00 target price for the company. Finally, Needham & Company LLC decreased their target price on CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, March 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.19.

CompoSecure Stock Down 2.3 %

NASDAQ CMPO opened at $10.72 on Tuesday. The stock has a market cap of $1.10 billion, a PE ratio of -24.36, a P/E/G ratio of 2.63 and a beta of 0.77. CompoSecure, Inc. has a fifty-two week low of $5.58 and a fifty-two week high of $17.71. The business has a 50 day moving average price of $14.89 and a two-hundred day moving average price of $14.60.

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.