Alyeska Investment Group L.P. Increases Position in CompoSecure, Inc. (NASDAQ:CMPO)

Alyeska Investment Group L.P. lifted its position in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 103.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 295,104 shares of the company's stock after acquiring an additional 150,000 shares during the period. Alyeska Investment Group L.P. owned 0.33% of CompoSecure worth $4,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMPO. KLP Kapitalforvaltning AS acquired a new position in shares of CompoSecure in the fourth quarter valued at about $75,000. Wolverine Asset Management LLC increased its holdings in CompoSecure by 76.3% in the 4th quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company's stock worth $143,000 after buying an additional 4,039 shares during the period. Principal Financial Group Inc. purchased a new position in CompoSecure during the 3rd quarter worth approximately $146,000. Price T Rowe Associates Inc. MD acquired a new stake in CompoSecure during the 4th quarter valued at approximately $156,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of CompoSecure by 33.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company's stock valued at $161,000 after acquiring an additional 2,547 shares during the last quarter. Hedge funds and other institutional investors own 37.56% of the company's stock.

CompoSecure Trading Down 0.4 %

NASDAQ CMPO opened at $11.25 on Tuesday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -25.57, a PEG ratio of 2.63 and a beta of 0.87. The stock has a 50-day moving average of $11.03 and a 200 day moving average of $13.91. CompoSecure, Inc. has a twelve month low of $5.98 and a twelve month high of $17.71.

Wall Street Analyst Weigh In

CMPO has been the subject of a number of research reports. Lake Street Capital decreased their target price on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Needham & Company LLC decreased their price objective on CompoSecure from $16.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. dropped their target price on CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.19.

Insider Transactions at CompoSecure

In related news, CRO Amanda Mandy Gourbault sold 9,622 shares of the company's stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Joseph Lowe sold 18,818 shares of CompoSecure stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $10.97, for a total value of $206,433.46. Following the completion of the sale, the insider now owns 1,486,036 shares in the company, valued at approximately $16,301,814.92. The trade was a 1.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, 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 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.

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