CompoSecure (NASDAQ:CMPO) Hits New 52-Week High – Here’s What Happened

CompoSecure, Inc. (NASDAQ:CMPO)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $17.13 and last traded at $17.09, with a volume of 1555935 shares changing hands. The stock had previously closed at $15.64.

Analyst Ratings Changes

Several research analysts have issued reports on CMPO shares. B. Riley raised their target price on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price target on shares of CompoSecure in a research report on Monday, November 11th. Benchmark reissued 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 CompoSecure in a research note on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price objective for the company. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, CompoSecure has an average rating of “Moderate Buy” and a consensus price target of $16.81.

CompoSecure Price Performance

The company has a 50-day moving average price of $15.49 and a 200 day moving average price of $14.27.

Insider Activity

In other CompoSecure news, Director Resolute Compo Holdings Llc bought 221,186 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of $15.01 per share, with a total value of $3,320,001.86. Following the completion of the acquisition, the director now owns 221,186 shares in the company, valued at $3,320,001.86. This trade represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Joseph Lowe sold 34,310 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.24, for a total transaction of $557,194.40. Following the sale, the insider now directly owns 1,315,068 shares in the company, valued at approximately $21,356,704.32. The trade was a 2.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 180,660 shares of company stock worth $2,921,066 over the last quarter. Insiders own 74.99% of the company’s stock.

Institutional Investors Weigh In On CompoSecure

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Locust Wood Capital Advisers LLC grew its position in shares of CompoSecure by 19.1% during the 4th 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 raised its stake in shares of CompoSecure by 1.6% during the 4th quarter. Bleichroeder LP now owns 3,856,966 shares of the company’s stock worth $59,127,000 after acquiring an additional 59,416 shares in the last quarter. Cannell Capital LLC lifted its position in CompoSecure by 8.0% during the fourth quarter. Cannell Capital LLC now owns 2,278,726 shares of the company’s stock valued at $34,933,000 after acquiring an additional 169,067 shares during the last quarter. Tyro Capital Management LLC boosted its stake in CompoSecure by 1.2% in the fourth quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company’s stock valued at $30,952,000 after acquiring an additional 23,468 shares in the last quarter. Finally, Capital World Investors acquired a new position in shares of CompoSecure during the fourth quarter worth $27,387,000. Hedge funds and other institutional investors own 37.56% of the company’s stock.

About CompoSecure

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.