Royce & Associates LP Invests $1.73 Million in CompoSecure, Inc. (NASDAQ:CMPO)

Royce & Associates LP purchased a new stake in shares of CompoSecure, Inc. (NASDAQ:CMPO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 112,866 shares of the company’s stock, valued at approximately $1,730,000.

A number of other institutional investors have also added to or reduced their stakes in CMPO. Verition Fund Management LLC acquired a new stake in CompoSecure in the third quarter valued at approximately $798,000. Geode Capital Management LLC grew its position in CompoSecure by 34.1% during the 3rd quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock worth $8,214,000 after acquiring an additional 148,833 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in CompoSecure in the 4th quarter worth about $526,000. JPMorgan Chase & Co. raised its position in CompoSecure by 555.0% in the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock valued at $728,000 after purchasing an additional 44,018 shares during the last quarter. Finally, Truist Financial Corp boosted its stake 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. 37.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CMPO. JPMorgan Chase & Co. lowered 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. Needham & Company LLC dropped their price target on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Lake Street Capital reduced their price objective on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, TD Cowen initiated coverage on CompoSecure in a research report on Wednesday, December 18th. They set a “buy” rating and a $20.00 target price for the company. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.19.

CompoSecure Stock Up 0.3 %

Shares of NASDAQ CMPO opened at $11.41 on Friday. The company has a market capitalization of $1.17 billion, a PE ratio of -25.93, a P/E/G ratio of 2.63 and a beta of 0.77. The firm has a fifty day simple moving average of $14.24 and a 200 day simple moving average of $14.52. CompoSecure, Inc. has a twelve month low of $5.98 and a twelve month high of $17.71.

Insider Transactions at CompoSecure

In other news, insider Adam Joseph Lowe sold 18,818 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $10.97, for a total transaction of $206,433.46. Following the completion of the sale, the insider now owns 1,486,036 shares of the company’s stock, valued at $16,301,814.92. This trade represents a 1.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of CompoSecure stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $16.09, for a total transaction of $154,817.98. Following the completion of the sale, the executive now owns 821,782 shares of the company’s stock, valued at $13,222,472.38. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 704,421 shares of company stock valued at $10,929,922 and sold 34,340 shares valued at $430,701. Corporate insiders own 74.99% of the company’s stock.

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.