Skandinaviska Enskilda Banken AB publ Takes $289,000 Position in CompoSecure, Inc. (NASDAQ:CMPO)

Skandinaviska Enskilda Banken AB publ bought a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO) during the fourth quarter, Holdings Channel.com reports. The fund bought 18,439 shares of the company’s stock, valued at approximately $289,000.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in CompoSecure by 9.3% in the 4th quarter. Principal Financial Group Inc. now owns 11,399 shares of the company’s stock worth $175,000 after purchasing an additional 967 shares during the last quarter. Rowlandmiller & PARTNERS.ADV increased its stake in CompoSecure by 25.4% during the fourth quarter. Rowlandmiller & PARTNERS.ADV now owns 13,325 shares of the company’s stock valued at $204,000 after acquiring an additional 2,700 shares during the period. Wolverine Asset Management LLC raised its holdings in CompoSecure by 76.3% in the 4th quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company’s stock valued at $143,000 after acquiring an additional 4,039 shares in the last quarter. FMR LLC lifted its position in shares of CompoSecure by 693.0% in 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. Finally, Janus Henderson Group PLC grew its holdings in shares of CompoSecure by 43.9% during the 3rd quarter. Janus Henderson Group PLC now owns 17,682 shares of the company’s stock worth $248,000 after purchasing an additional 5,396 shares in the last quarter. 37.56% of the stock is currently owned by institutional investors and hedge funds.

CompoSecure Stock Up 1.1 %

Shares of CMPO stock opened at $11.14 on Tuesday. The company has a market capitalization of $1.14 billion, a P/E ratio of -25.32, a P/E/G ratio of 2.63 and a beta of 0.77. CompoSecure, Inc. has a 12-month low of $5.69 and a 12-month high of $17.71. The firm has a 50-day moving average price of $14.44 and a 200 day moving average price of $14.57.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on CompoSecure from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. TD Cowen began coverage on shares of CompoSecure in a report on Wednesday, December 18th. They set a “buy” rating and a $20.00 price objective for the company. Needham & Company LLC lowered their target price on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, Lake Street Capital cut their price target on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.19.

Insider Activity

In other news, CRO Amanda Mandy Gourbault sold 9,622 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $16.09, for a total value of $154,817.98. Following the completion of the sale, the executive now directly owns 821,782 shares in the company, valued at approximately $13,222,472.38. This trade represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Resolute Compo Holdings Llc purchased 233,070 shares of CompoSecure stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average price of $16.57 per share, for a total transaction of $3,861,969.90. Following the transaction, the director now owns 879,963 shares in the company, valued at $14,580,986.91. This represents a 36.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 659,376 shares of company stock worth $10,429,021 and sold 34,340 shares worth $430,701. 74.99% of the stock is currently owned by corporate insiders.

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.