Boothbay Fund Management LLC Sells 94,186 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Boothbay Fund Management LLC reduced its position in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 75.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,298 shares of the company's stock after selling 94,186 shares during the quarter. Boothbay Fund Management LLC's holdings in CompoSecure were worth $480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of CompoSecure by 474.6% during the third quarter. Barclays PLC now owns 34,754 shares of the company's stock valued at $488,000 after purchasing an additional 28,706 shares during the last quarter. Geode Capital Management LLC grew its stake 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 buying an additional 148,833 shares during the last quarter. Tyro Capital Management LLC bought a new stake in CompoSecure in the third quarter valued at $27,978,000. Principal Financial Group Inc. acquired a new position in shares of CompoSecure during the third quarter valued at $146,000. Finally, JPMorgan Chase & Co. grew its position in shares of CompoSecure by 555.0% during the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company's stock worth $728,000 after acquiring an additional 44,018 shares during the last quarter. Institutional investors and hedge funds own 37.56% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on CMPO. 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 target on CompoSecure from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. lowered their price target 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 assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $16.19.

Insider Activity

In other CompoSecure news, Director Joseph J. Deangelo acquired 45,045 shares of the firm's stock in a transaction on Monday, March 17th. The stock was purchased at an average cost of $11.12 per share, for a total transaction of $500,900.40. Following the transaction, the director now owns 45,045 shares of the company's stock, valued at $500,900.40. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Resolute Compo Holdings Llc bought 205,120 shares of the company's stock in a transaction dated Friday, February 14th. The stock was acquired at an average price of $15.83 per share, for a total transaction of $3,247,049.60. Following the acquisition, the director now directly owns 646,893 shares in the company, valued at $10,240,316.19. This trade represents a 46.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 704,421 shares of company stock worth $10,929,922 and sold 34,340 shares worth $430,701. Corporate insiders own 74.99% of the company's stock.

CompoSecure Stock Up 0.1 %

Shares of CMPO stock traded up $0.02 during trading hours on Tuesday, reaching $11.27. 72,166 shares of the stock traded hands, compared to its average volume of 830,932. The firm has a market capitalization of $1.15 billion, a PE ratio of -25.64, a PEG ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a 1-year low of $5.98 and a 1-year high of $17.71. The business has a fifty day moving average price of $11.03 and a 200 day moving average price of $13.91.

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.