Wolverine Asset Management LLC Acquires 4,039 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Wolverine Asset Management LLC raised its holdings in CompoSecure, Inc. (NASDAQ:CMPO) by 76.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,335 shares of the company’s stock after buying an additional 4,039 shares during the quarter. Wolverine Asset Management LLC’s holdings in CompoSecure were worth $143,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CMPO. Truist Financial Corp lifted its position in shares of CompoSecure by 286.9% during the fourth quarter. Truist Financial Corp now owns 48,368 shares of the company’s stock valued at $741,000 after purchasing an additional 35,868 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of CompoSecure by 9.3% during the fourth quarter. Principal Financial Group Inc. now owns 11,399 shares of the company’s stock valued at $175,000 after purchasing an additional 967 shares in the last quarter. Rhumbline Advisers lifted its position in shares of CompoSecure by 32.7% during the fourth quarter. Rhumbline Advisers now owns 34,135 shares of the company’s stock valued at $523,000 after purchasing an additional 8,411 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of CompoSecure during the fourth quarter valued at about $526,000. Finally, Clear Harbor Asset Management LLC bought a new position in shares of CompoSecure during the fourth quarter valued at about $162,000. 37.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CMPO shares. B. Riley raised 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. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of CompoSecure in a research report on Monday, November 11th. Benchmark restated a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. TD Cowen assumed coverage on shares of CompoSecure in a report on Wednesday, December 18th. They set a “buy” rating and a $20.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.81.

Insider Transactions at CompoSecure

In related news, COO Gregoire Maes sold 24,323 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total transaction of $395,248.75. Following the completion of the transaction, the chief operating officer now owns 762,009 shares of the company’s stock, valued at approximately $12,382,646.25. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Resolute Compo Holdings Llc acquired 233,070 shares of CompoSecure stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average cost of $16.57 per share, with a total value of $3,861,969.90. Following the purchase, the director now owns 879,963 shares of the company’s stock, valued at $14,580,986.91. This represents a 36.03 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 659,376 shares of company stock worth $10,429,021 and sold 180,660 shares worth $2,921,066. Corporate insiders own 74.99% of the company’s stock.

CompoSecure Stock Down 0.9 %

CMPO opened at $15.96 on Tuesday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of -36.27, a PEG ratio of 2.63 and a beta of 0.78. The firm has a 50-day moving average price of $15.47 and a 200-day moving average price of $14.47. CompoSecure, Inc. has a twelve month low of $4.61 and a twelve month high of $17.71.

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.