Nine Ten Capital Management LLC Acquires Shares of 908,328 CompoSecure, Inc. (NASDAQ:CMPO)

Nine Ten Capital Management LLC bought a new position in CompoSecure, Inc. (NASDAQ:CMPO) during the 4th quarter, HoldingsChannel.com reports. The fund bought 908,328 shares of the company’s stock, valued at approximately $13,925,000. CompoSecure comprises approximately 4.0% of Nine Ten Capital Management LLC’s holdings, making the stock its 9th biggest holding.

A number of other large investors have also made changes to their positions in CMPO. KLP Kapitalforvaltning AS purchased a new position in CompoSecure during the 4th quarter worth approximately $75,000. FMR LLC raised its position in CompoSecure by 693.0% during the third 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. Wolverine Asset Management LLC lifted its stake in 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 acquiring an additional 4,039 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in CompoSecure during the 3rd quarter worth about $146,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake 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 acquiring an additional 2,547 shares in the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

Insider Buying and Selling at CompoSecure

In other news, Director Resolute Compo Holdings Llc purchased 233,070 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was bought at an average cost of $16.57 per share, for a total transaction of $3,861,969.90. Following the completion of the acquisition, the director now directly owns 879,963 shares of the company’s stock, valued at approximately $14,580,986.91. The trade was a 36.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were 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 $13,222,472.38. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 704,421 shares of company stock worth $10,929,922 and have sold 34,340 shares worth $430,701. Corporate insiders own 74.99% of the company’s stock.

CompoSecure Trading Up 1.5 %

CMPO stock opened at $10.65 on Friday. The firm has a market cap of $1.09 billion, a PE ratio of -24.20, a PEG ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a 1 year low of $5.98 and a 1 year high of $17.71. The company has a fifty day simple moving average of $12.15 and a 200 day simple moving average of $14.18.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Lake Street Capital decreased their price target on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their target price on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Finally, Needham & Company LLC lowered their price target on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, CompoSecure currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.19.

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.