Swiss National Bank Buys 29,500 Shares of CompoSecure, Inc. $CMPO

Swiss National Bank boosted its position in CompoSecure, Inc. (NASDAQ:CMPO) by 60.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,200 shares of the company’s stock after acquiring an additional 29,500 shares during the quarter. Swiss National Bank owned 0.08% of CompoSecure worth $1,102,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Corsair Capital Management L.P. acquired a new stake in CompoSecure in the first quarter valued at about $19,901,000. Vanguard Group Inc. lifted its holdings in shares of CompoSecure by 65.7% in the first quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company’s stock worth $25,407,000 after acquiring an additional 926,389 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of CompoSecure by 319.0% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 570,633 shares of the company’s stock valued at $8,040,000 after purchasing an additional 434,456 shares in the last quarter. First Manhattan CO. LLC. bought a new stake in shares of CompoSecure during the 1st quarter valued at approximately $3,136,000. Finally, Geode Capital Management LLC increased its position in CompoSecure by 35.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,077,106 shares of the company’s stock worth $15,179,000 after purchasing an additional 284,667 shares in the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CMPO. Lake Street Capital raised their target price on shares of CompoSecure from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Cowen reissued a “buy” rating on shares of CompoSecure in a report on Tuesday, November 4th. TD Cowen boosted their price objective on CompoSecure from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. increased their target price on CompoSecure from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Finally, Needham & Company LLC lifted their price target on CompoSecure from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CompoSecure presently has an average rating of “Moderate Buy” and a consensus price target of $25.50.

CompoSecure Trading Down 1.0%

Shares of CMPO opened at $20.32 on Tuesday. The stock’s 50-day moving average price is $20.05 and its two-hundred day moving average price is $17.58. CompoSecure, Inc. has a 12 month low of $9.24 and a 12 month high of $26.78. The company has a market capitalization of $2.57 billion, a PE ratio of -12.09 and a beta of 0.97.

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.