AlTi Global Inc. Invests $5.71 Million in CompoSecure, Inc. (NASDAQ:CMPO)

AlTi Global Inc. bought a new stake in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 372,210 shares of the company's stock, valued at approximately $5,706,000. AlTi Global Inc. owned approximately 0.42% of CompoSecure as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in CompoSecure by 474.6% in the third quarter. Barclays PLC now owns 34,754 shares of the company's stock worth $488,000 after purchasing an additional 28,706 shares during the period. Geode Capital Management LLC grew its stake in shares of CompoSecure by 34.1% in the 3rd quarter. Geode Capital Management LLC now owns 585,746 shares of the company's stock worth $8,214,000 after buying an additional 148,833 shares during the last quarter. Principal Financial Group Inc. bought a new position in CompoSecure during the 3rd quarter valued at approximately $146,000. JPMorgan Chase & Co. raised its stake in CompoSecure by 555.0% during the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company's stock valued at $728,000 after buying an additional 44,018 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in CompoSecure by 14.2% in the fourth quarter. Ritholtz Wealth Management now owns 48,976 shares of the company's stock worth $751,000 after acquiring an additional 6,104 shares in the last quarter. Hedge funds and other institutional investors own 37.56% of the company's stock.

CompoSecure Price Performance

CompoSecure stock traded up $0.24 during mid-day trading on Thursday, reaching $11.58. 169,803 shares of the stock traded hands, compared to its average volume of 829,565. CompoSecure, Inc. has a 12-month low of $5.98 and a 12-month high of $17.71. The business's 50-day moving average is $10.90 and its 200-day moving average is $13.88. The stock has a market capitalization of $1.18 billion, a PE ratio of -26.32, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87.

Insider Activity

In other CompoSecure news, Director Resolute Compo Holdings Llc bought 205,120 shares of CompoSecure stock in a transaction on Friday, February 14th. The stock was acquired at an average cost of $15.83 per share, with a total value of $3,247,049.60. Following the completion of the acquisition, the director now owns 646,893 shares in the company, valued at approximately $10,240,316.19. This represents a 46.43 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of CompoSecure stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $16.09, for a total transaction of $154,817.98. Following the transaction, the executive now owns 821,782 shares in the company, 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 quarter, insiders acquired 704,421 shares of company stock valued at $10,929,922 and sold 34,340 shares valued at $430,701. Insiders own 74.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMPO. Needham & Company LLC dropped their price target on shares of CompoSecure from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut their price target on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Finally, Lake Street Capital lowered their price objective on CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. One investment 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 currently has an average rating of "Moderate Buy" and an average price target of $16.19.

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.