Squarepoint Ops LLC Has $1.78 Million Stake in CompoSecure, Inc. $CMPO

Squarepoint Ops LLC lessened its stake in CompoSecure, Inc. (NASDAQ:CMPO) by 41.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 126,170 shares of the company’s stock after selling 88,779 shares during the period. Squarepoint Ops LLC owned about 0.12% of CompoSecure worth $1,778,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMPO. Corsair Capital Management L.P. bought a new stake in CompoSecure in the first quarter valued at approximately $19,901,000. Vanguard Group Inc. lifted its position in shares of CompoSecure by 65.7% in the 1st quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company’s stock worth $25,407,000 after purchasing an additional 926,389 shares during the period. Locust Wood Capital Advisers LLC boosted its stake in shares of CompoSecure by 11.2% in the 2nd quarter. Locust Wood Capital Advisers LLC now owns 8,158,327 shares of the company’s stock valued at $114,951,000 after purchasing an additional 819,312 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in shares of CompoSecure by 319.0% during the second quarter. Jupiter Asset Management Ltd. now owns 570,633 shares of the company’s stock worth $8,040,000 after buying an additional 434,456 shares during the period. Finally, First Manhattan CO. LLC. bought a new position in CompoSecure during the first quarter worth $3,136,000. 37.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on CMPO. JPMorgan Chase & Co. upped their price target on shares of CompoSecure from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Lake Street Capital upped their target price on CompoSecure from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Needham & Company LLC lifted their target price on CompoSecure from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. TD Cowen boosted their price target on CompoSecure from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Benchmark raised their price objective on shares of CompoSecure from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

CompoSecure Stock Performance

CMPO stock opened at $19.49 on Friday. The stock’s 50 day simple moving average is $19.99 and its 200 day simple moving average is $17.88. The company has a market cap of $2.46 billion, a P/E ratio of -11.60 and a beta of 0.97. CompoSecure, Inc. has a fifty-two week low of $9.24 and a fifty-two week high of $26.78.

CompoSecure 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.