Capital World Investors Takes $27.39 Million Position in CompoSecure, Inc. (NASDAQ:CMPO)

Capital World Investors bought a new position in CompoSecure, Inc. (NASDAQ:CMPO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,786,525 shares of the company’s stock, valued at approximately $27,387,000. Capital World Investors owned approximately 2.03% of CompoSecure as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CMPO. First Trust Advisors LP raised its holdings in shares of CompoSecure by 2.2% during the 4th quarter. First Trust Advisors LP now owns 100,124 shares of the company’s stock valued at $1,535,000 after buying an additional 2,149 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of CompoSecure by 2.2% in the 4th quarter. Marshall Wace LLP now owns 371,700 shares of the company’s stock valued at $5,698,000 after purchasing an additional 7,924 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in shares of CompoSecure during the 4th quarter valued at $1,456,000. Walleye Capital LLC purchased a new position in CompoSecure in the 4th quarter worth $2,515,000. Finally, Mariner LLC lifted its stake in CompoSecure by 95.6% in the fourth quarter. Mariner LLC now owns 59,086 shares of the company’s stock worth $906,000 after purchasing an additional 28,886 shares during the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

CompoSecure Trading Down 2.8 %

Shares of CompoSecure stock opened at $10.35 on Tuesday. The company’s fifty day simple moving average is $12.06 and its two-hundred day simple moving average is $14.16. CompoSecure, Inc. has a 12-month low of $5.98 and a 12-month high of $17.71. The company has a market cap of $1.06 billion, a P/E ratio of -23.52, a PEG ratio of 2.63 and a beta of 0.87.

Analyst Upgrades and Downgrades

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

Insider Activity at CompoSecure

In related news, insider Adam Joseph Lowe sold 18,818 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $10.97, for a total value of $206,433.46. Following the sale, the insider now directly owns 1,486,036 shares of the company’s stock, valued at $16,301,814.92. This represents a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Resolute Compo Holdings Llc acquired 221,186 shares of the stock in a transaction on Wednesday, February 12th. The shares were purchased at an average cost of $15.01 per share, with a total value of $3,320,001.86. Following the transaction, the director now directly owns 221,186 shares of the company’s stock, valued at approximately $3,320,001.86. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 704,421 shares of company stock worth $10,929,922 and have sold 34,340 shares worth $430,701. 74.99% of the stock is owned by corporate insiders.

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.