Capital World Investors Makes New $27.39 Million Investment in CompoSecure, Inc. (NASDAQ:CMPO)

Capital World Investors bought a new stake in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,786,525 shares of the company's stock, valued at approximately $27,387,000. Capital World Investors owned 2.03% of CompoSecure as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CMPO. FMR LLC increased its stake in shares of CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company's stock valued at $83,000 after buying an additional 5,156 shares during the period. State Street Corp grew its stake in CompoSecure by 20.1% in the third quarter. State Street Corp now owns 395,691 shares of the company's stock worth $5,548,000 after purchasing an additional 66,232 shares during the period. Barclays PLC grew its stake 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 CompoSecure by 34.1% in the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company's stock worth $8,214,000 after purchasing an additional 148,833 shares during the period. Finally, Tyro Capital Management LLC purchased a new stake in CompoSecure in the third quarter worth $27,978,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

CompoSecure Stock Down 0.7 %

Shares of NASDAQ:CMPO traded down $0.08 on Friday, hitting $10.79. 490,124 shares of the company traded hands, compared to its average volume of 825,787. CompoSecure, Inc. has a 52 week low of $5.98 and a 52 week high of $17.71. The stock has a 50 day simple moving average of $11.64 and a 200-day simple moving average of $14.07. The company has a market cap of $1.10 billion, a PE ratio of -24.52, a PEG ratio of 2.63 and a beta of 0.87.

Insider Activity

In related news, insider Adam Joseph Lowe sold 5,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the sale, the insider now directly owns 1,481,036 shares of the company's stock, valued at $16,306,206.36. This trade represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Resolute Compo Holdings Llc acquired 221,186 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average cost of $15.01 per share, for a total transaction of $3,320,001.86. Following the completion of the transaction, the director now directly owns 221,186 shares of the company's stock, valued at $3,320,001.86. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 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.

Wall Street Analyst Weigh In

CMPO has been the topic of several recent research reports. JPMorgan Chase & Co. reduced 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. Needham & Company LLC reduced their price target on CompoSecure from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Finally, Lake Street Capital reduced their price target on CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.