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

CompoSecure, Inc. (NASDAQ:CMPO) gapped up before the market opened 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 changing hands.

Specifically, Director Joseph J. Deangelo bought 45,045 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average price of $11.12 per share, with a total value of $500,900.40. Following the completion of the transaction, the director now directly owns 45,045 shares of the company’s stock, valued at approximately $500,900.40. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Ratings Changes

CMPO has been the subject of a number of analyst reports. Lake Street Capital decreased their target price on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Needham & Company LLC decreased their price target on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, March 6th. JPMorgan Chase & Co. cut their price objective on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock 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 price objective on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, CompoSecure has an average rating of “Moderate Buy” and a consensus target price of $16.19.

CompoSecure Stock Up 0.3 %

The company’s 50-day moving average price is $14.24 and its 200-day moving average price is $14.52. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -25.93, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77.

Institutional Trading of CompoSecure

Several institutional investors have recently modified their holdings of CMPO. Locust Wood Capital Advisers LLC lifted its stake in shares of CompoSecure by 19.1% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 4,579,143 shares of the company’s stock worth $70,198,000 after buying an additional 734,202 shares in the last quarter. Bleichroeder LP lifted its stake in shares of CompoSecure by 1.6% in the fourth quarter. Bleichroeder LP now owns 3,856,966 shares of the company’s stock worth $59,127,000 after buying an additional 59,416 shares in the last quarter. Cannell Capital LLC lifted its stake in shares of CompoSecure by 8.0% in the fourth quarter. Cannell Capital LLC now owns 2,278,726 shares of the company’s stock worth $34,933,000 after buying an additional 169,067 shares in the last quarter. Tyro Capital Management LLC lifted its stake in shares of CompoSecure by 1.2% in the fourth quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company’s stock worth $30,952,000 after buying an additional 23,468 shares in the last quarter. Finally, Capital World Investors purchased a new position in shares of CompoSecure in the fourth quarter worth about $27,387,000. Institutional investors and hedge funds own 37.56% of the company’s stock.

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.