CompoSecure (NASDAQ:CMPO) Shares Up 3.1% – Should You Buy?

Shares of CompoSecure, Inc. (NASDAQ:CMPO) traded up 3.1% during mid-day trading on Monday . The stock traded as high as $13.45 and last traded at $13.30. 2,185,150 shares changed hands during trading, an increase of 112% from the average session volume of 1,030,516 shares. The stock had previously closed at $12.90.

CompoSecure Stock Up 3.1%

The firm’s fifty day simple moving average is $14.00 and its 200-day simple moving average is $15.19. The company has a market cap of $1.68 billion, a PE ratio of -7.92 and a beta of 0.98.

Institutional Investors Weigh In On CompoSecure

Several hedge funds have recently modified their holdings of the company. Capital Research Global Investors acquired a new stake in CompoSecure during the fourth quarter worth approximately $166,827,000. Capital World Investors raised its holdings in shares of CompoSecure by 156.9% in the 4th quarter. Capital World Investors now owns 4,590,237 shares of the company’s stock worth $84,716,000 after purchasing an additional 2,803,712 shares during the period. Thrivent Financial for Lutherans lifted its position in CompoSecure by 73.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,862,632 shares of the company’s stock valued at $55,192,000 after buying an additional 1,211,980 shares in the last quarter. Clearbridge Investments LLC acquired a new position in shares of CompoSecure during the 4th quarter valued at $14,111,000. Finally, Rice Hall James & Associates LLC lifted its stake in shares of CompoSecure by 8.8% during the fourth quarter. Rice Hall James & Associates LLC now owns 258,994 shares of the company’s stock worth $4,993,000 after purchasing an additional 20,997 shares in the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.

About CompoSecure

CompoSecure, Inc (NASDAQ: CMPO) develops payment, security and authentication products for financial institutions, fintech companies, governments and other organizations. The company is best known for manufacturing and personalizing premium metal payment cards, which are designed to provide enhanced durability and a differentiated customer experience compared with traditional plastic cards.

CompoSecure also offers digital security products through its Arculus platform. Arculus combines a hardware wallet and mobile application to help users securely store, manage and transact with digital assets.