CompoSecure, Inc. (NASDAQ:CMPO) Stock Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 555.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,949 shares of the company’s stock after buying an additional 44,018 shares during the period. JPMorgan Chase & Co.’s holdings in CompoSecure were worth $728,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in shares of CompoSecure during the 3rd quarter valued at $72,000. CWM LLC raised its position in shares of CompoSecure by 42.0% during the third quarter. CWM LLC now owns 5,192 shares of the company’s stock worth $73,000 after purchasing an additional 1,536 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of CompoSecure during the third quarter worth $74,000. FMR LLC lifted its holdings in shares of 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 purchasing an additional 5,156 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of CompoSecure in the 3rd quarter valued at $140,000. Institutional investors and hedge funds own 37.56% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. B. Riley upped their price target on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Benchmark reiterated a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a research report on Tuesday, November 12th. Finally, TD Cowen started coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They set a “buy” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, CompoSecure has an average rating of “Moderate Buy” and an average price target of $16.81.

Insider Transactions at CompoSecure

In other CompoSecure news, insider Adam Joseph Lowe sold 66,350 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $15.91, for a total value of $1,055,628.50. Following the completion of the sale, the insider now directly owns 1,358,692 shares of the company’s stock, valued at $21,616,789.72. The trade was a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Gregoire Maes sold 55,137 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $16.40, for a total transaction of $904,246.80. Following the transaction, the chief operating officer now owns 762,009 shares in the company, valued at approximately $12,496,947.60. This trade represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,660 shares of company stock valued at $2,921,066 in the last three months. Corporate insiders own 74.99% of the company’s stock.

CompoSecure Stock Performance

CompoSecure stock opened at $15.82 on Monday. CompoSecure, Inc. has a twelve month low of $4.61 and a twelve month high of $17.03. The firm has a market cap of $1.39 billion, a PE ratio of -35.95, a P/E/G ratio of 2.43 and a beta of 0.77. The firm’s 50 day moving average price is $15.53 and its two-hundred day moving average price is $13.26.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $107.14 million during the quarter, compared to analyst estimates of $105.11 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. During the same period last year, the company posted $0.24 earnings per share. Equities analysts anticipate that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.

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.