Insider Buying: CompoSecure, Inc. (NASDAQ:CMPO) Director Acquires $500,900.40 in Stock

CompoSecure, Inc. (NASDAQ:CMPO) Director Joseph J. Deangelo purchased 45,045 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was purchased at an average cost of $11.12 per share, with a total value of $500,900.40. Following the acquisition, the director now directly owns 45,045 shares in the company, valued at $500,900.40. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

CompoSecure Stock Performance

Shares of CMPO stock opened at $11.41 on Friday. The firm’s 50-day moving average is $14.24 and its 200-day moving average is $14.52. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -25.93, a PEG ratio of 2.63 and a beta of 0.77. CompoSecure, Inc. has a 52-week low of $5.98 and a 52-week high of $17.71.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CMPO. Lake Street Capital reduced their target price 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. JPMorgan Chase & Co. reduced 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. Needham & Company LLC reduced their target price 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. Finally, TD Cowen began coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They issued a “buy” rating and a $20.00 target price for the company. 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 an average rating of “Moderate Buy” and an average target price of $16.19.

Institutional Investors Weigh In On CompoSecure

A number of institutional investors and hedge funds have recently modified their holdings of the company. Locust Wood Capital Advisers LLC raised its holdings in shares of CompoSecure by 19.1% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 4,579,143 shares of the company’s stock valued at $70,198,000 after purchasing an additional 734,202 shares during the period. Bleichroeder LP raised its holdings in shares of CompoSecure by 1.6% in the 4th quarter. Bleichroeder LP now owns 3,856,966 shares of the company’s stock valued at $59,127,000 after purchasing an additional 59,416 shares during the period. Cannell Capital LLC raised its holdings in CompoSecure by 8.0% in the 4th quarter. Cannell Capital LLC now owns 2,278,726 shares of the company’s stock valued at $34,933,000 after acquiring an additional 169,067 shares during the period. Tyro Capital Management LLC raised its holdings in CompoSecure by 1.2% in the 4th quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company’s stock valued at $30,952,000 after acquiring an additional 23,468 shares during the period. Finally, Capital World Investors bought a new position in CompoSecure in the 4th quarter valued at about $27,387,000. 37.56% of the stock is owned by institutional investors.

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.