Bosun Asset Management LLC Buys New Holdings in CompoSecure, Inc. (NASDAQ:CMPO)

Bosun Asset Management LLC bought a new stake in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 129,467 shares of the company's stock, valued at approximately $1,985,000. CompoSecure makes up 0.9% of Bosun Asset Management LLC's portfolio, making the stock its 28th biggest holding. Bosun Asset Management LLC owned about 0.15% of CompoSecure as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bleichroeder LP lifted its position in CompoSecure by 1.6% during the fourth quarter. Bleichroeder LP now owns 3,856,966 shares of the company's stock worth $59,127,000 after buying an additional 59,416 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of CompoSecure by 449.5% in the fourth quarter. Bank of America Corp DE now owns 651,211 shares of the company's stock valued at $9,983,000 after purchasing an additional 532,708 shares during the period. BNP Paribas Financial Markets acquired a new stake in CompoSecure during the fourth quarter worth about $2,750,000. Ameriprise Financial Inc. raised its stake in CompoSecure by 1.9% during the fourth quarter. Ameriprise Financial Inc. now owns 133,399 shares of the company's stock worth $2,045,000 after purchasing an additional 2,521 shares during the period. Finally, Alyeska Investment Group L.P. boosted its holdings in CompoSecure by 103.4% in the 4th quarter. Alyeska Investment Group L.P. now owns 295,104 shares of the company's stock valued at $4,524,000 after purchasing an additional 150,000 shares during the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CompoSecure

In other news, insider Adam Joseph Lowe sold 18,818 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $10.97, for a total transaction of $206,433.46. Following the sale, the insider now owns 1,486,036 shares of the company's stock, valued at approximately $16,301,814.92. This represents a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Resolute Compo Holdings Llc acquired 233,070 shares of the stock in a transaction dated Thursday, February 20th. The stock was acquired at an average cost of $16.57 per share, with a total value of $3,861,969.90. Following the purchase, the director now owns 879,963 shares of the company's stock, valued at approximately $14,580,986.91. This trade represents a 36.03 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 704,421 shares of company stock worth $10,929,922 and sold 34,340 shares worth $430,701. 74.99% of the stock is currently owned by company insiders.

CompoSecure Stock Performance

Shares of CMPO traded up $0.01 during midday trading on Friday, hitting $11.57. 637,551 shares of the stock were exchanged, compared to its average volume of 827,052. The firm has a market cap of $1.18 billion, a P/E ratio of -26.30, a P/E/G ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a 52-week low of $5.98 and a 52-week high of $17.71. The stock has a fifty day simple moving average of $10.88 and a 200 day simple moving average of $13.82.

Wall Street Analyst Weigh In

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

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.