164,056 Shares in CompoSecure, Inc. (NASDAQ:CMPO) Bought by Walleye Capital LLC

Walleye Capital LLC bought a new stake in shares of CompoSecure, Inc. (NASDAQ:CMPO) in the 4th quarter, HoldingsChannel reports. The firm bought 164,056 shares of the company’s stock, valued at approximately $2,515,000.

A number of other hedge funds also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS purchased a new stake in CompoSecure during the 4th quarter valued at about $75,000. FMR LLC grew its stake in CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after purchasing an additional 5,156 shares during the period. Wolverine Asset Management LLC grew its position in shares of CompoSecure by 76.3% in the 4th quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company’s stock worth $143,000 after buying an additional 4,039 shares during the period. Principal Financial Group Inc. bought a new position in shares of CompoSecure during the third quarter valued at approximately $146,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in CompoSecure by 33.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company’s stock valued at $161,000 after buying an additional 2,547 shares in the last quarter. 37.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on CMPO shares. Needham & Company LLC reduced their price objective on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. lowered their target price on CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Finally, Lake Street Capital dropped their price target 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.19.

Insiders Place Their Bets

In related news, insider Adam Joseph Lowe sold 5,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.01, for a total value of $55,050.00. Following the sale, the insider now directly owns 1,481,036 shares of the company’s stock, valued at $16,306,206.36. This represents a 0.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of the firm’s stock in a transaction that occurred 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 sale, the executive now directly owns 821,782 shares of the company’s stock, valued at $13,222,472.38. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 704,421 shares of company stock valued at $10,929,922 and have sold 34,340 shares valued at $430,701. 74.99% of the stock is currently owned by insiders.

CompoSecure Stock Performance

CMPO stock opened at $10.65 on Friday. The firm has a fifty day moving average price of $12.15 and a 200 day moving average price of $14.18. CompoSecure, Inc. has a fifty-two week low of $5.98 and a fifty-two week high of $17.71. The firm has a market cap of $1.09 billion, a PE ratio of -24.20, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87.

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.