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

CompoSecure, Inc. (NASDAQ:CMPO) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $24.66 and last traded at $25.4660, with a volume of 113635 shares. The stock had previously closed at $19.86.

Analysts Set New Price Targets

A number of research firms recently issued reports on CMPO. Benchmark increased their target price on shares of CompoSecure from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $16.00 target price on shares of CompoSecure in a research report on Wednesday, August 20th. B. Riley reissued a “buy” rating and set a $23.00 target price (up previously from $17.00) on shares of CompoSecure in a research report on Monday, August 18th. Finally, Needham & Company LLC increased their target price on shares of CompoSecure from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

CompoSecure Stock Performance

The company has a market capitalization of $2.36 billion, a PE ratio of -13.74 and a beta of 0.97. The company has a 50 day moving average price of $19.84 and a 200 day moving average price of $16.03.

Insiders Place Their Bets

In other CompoSecure news, Director Rebecca Corbin Loree bought 5,240 shares of CompoSecure stock in a transaction dated Friday, August 29th. The stock was bought at an average cost of $19.09 per share, for a total transaction of $100,031.60. Following the purchase, the director owned 5,240 shares in the company, valued at $100,031.60. This represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Gregoire Maes sold 97,226 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $19.36, for a total value of $1,882,295.36. Following the transaction, the chief operating officer owned 779,062 shares of the company’s stock, valued at approximately $15,082,640.32. This trade represents a 11.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 217,125 shares of company stock valued at $4,139,550. Corporate insiders own 52.10% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Several large investors have recently added to or reduced their stakes in CMPO. Versant Capital Management Inc lifted its stake in CompoSecure by 291.8% during the third quarter. Versant Capital Management Inc now owns 2,018 shares of the company’s stock worth $42,000 after purchasing an additional 1,503 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in CompoSecure by 25.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company’s stock worth $49,000 after purchasing an additional 713 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in CompoSecure by 80.0% during the second quarter. Ameritas Investment Partners Inc. now owns 4,488 shares of the company’s stock worth $63,000 after purchasing an additional 1,995 shares during the last quarter. AlphaQuest LLC bought a new position in CompoSecure during the first quarter worth $72,000. Finally, Summit Securities Group LLC bought a new position in CompoSecure during the first quarter worth $107,000. 37.56% of the stock is currently owned by institutional investors.

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.