CompoSecure (NASDAQ:CMPO) Shares Gap Up After Insider Buying Activity

Shares of CompoSecure, Inc. (NASDAQ:CMPO) gapped up prior to trading on Wednesday following insider buying activity. The stock had previously closed at $10.88, but opened at $11.58. CompoSecure shares last traded at $11.33, with a volume of 91,410 shares.

Specifically, Director Joseph J. Deangelo purchased 45,045 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was purchased at an average cost of $11.12 per share, for a total transaction of $500,900.40. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CMPO. TD Cowen began coverage on CompoSecure in a research note on Wednesday, December 18th. They set a “buy” rating and a $20.00 target price for the company. Needham & Company LLC reduced their target price on CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Lake Street Capital reduced their target price on CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. reduced their target price on CompoSecure from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, CompoSecure presently has an average rating of “Moderate Buy” and a consensus target price of $16.19.

CompoSecure Stock Performance

The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -25.81, a PEG ratio of 2.63 and a beta of 0.77. The company has a fifty day simple moving average of $14.37 and a two-hundred day simple moving average of $14.56.

Hedge Funds Weigh In On CompoSecure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS bought a new stake in shares of CompoSecure during the 4th quarter worth $75,000. FMR LLC increased its holdings in CompoSecure by 693.0% in the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after purchasing an additional 5,156 shares in the last quarter. Wolverine Asset Management LLC increased its holdings 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 purchasing an additional 4,039 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in CompoSecure in the 3rd quarter worth about $140,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in CompoSecure in the 4th quarter worth about $156,000. 37.56% of the stock is owned by institutional investors and hedge funds.

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.