Wolverine Asset Management LLC Has $248,000 Stake in CompoSecure, Inc. $CMPO

Wolverine Asset Management LLC grew its position in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 35.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,631 shares of the company’s stock after buying an additional 4,587 shares during the quarter. Wolverine Asset Management LLC’s holdings in CompoSecure were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. AlphaQuest LLC bought a new position in CompoSecure during the first quarter valued at about $72,000. KLP Kapitalforvaltning AS raised its holdings in CompoSecure by 73.5% during the second quarter. KLP Kapitalforvaltning AS now owns 8,500 shares of the company’s stock valued at $120,000 after buying an additional 3,600 shares in the last quarter. Summit Securities Group LLC bought a new position in CompoSecure during the first quarter valued at about $107,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in CompoSecure by 71.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,547 shares of the company’s stock valued at $115,000 after buying an additional 4,384 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in CompoSecure by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,339 shares of the company’s stock valued at $123,000 after buying an additional 1,138 shares in the last quarter. 37.56% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CompoSecure news, Director Kevin M. Moriarty acquired 13,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were acquired at an average cost of $19.28 per share, for a total transaction of $250,640.00. Following the completion of the purchase, the director owned 13,000 shares of the company’s stock, valued at approximately $250,640. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Gregoire Maes sold 97,226 shares of CompoSecure stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $19.36, for a total value of $1,882,295.36. Following the sale, the chief operating officer directly owned 779,062 shares in the company, valued at approximately $15,082,640.32. This trade represents a 11.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 217,125 shares of company stock valued at $4,139,550. Company insiders own 52.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CMPO. Benchmark raised their target price on CompoSecure from $17.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. restated an “underweight” rating and set a $16.00 target price on shares of CompoSecure in a report on Wednesday, August 20th. Needham & Company LLC raised their target price on CompoSecure from $18.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, B. Riley restated a “buy” rating and set a $23.00 target price (up from $17.00) on shares of CompoSecure in a report on Monday, August 18th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

CompoSecure Stock Performance

CompoSecure stock opened at $19.86 on Monday. The business’s 50-day simple moving average is $19.84 and its 200-day simple moving average is $16.03. The firm has a market capitalization of $2.03 billion, a PE ratio of -11.82 and a beta of 0.97. CompoSecure, Inc. has a 52 week low of $9.24 and a 52 week high of $21.16.

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.