G2 Investment Partners Management LLC Sells 232,567 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

G2 Investment Partners Management LLC reduced its position in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 95.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,478 shares of the company's stock after selling 232,567 shares during the quarter. G2 Investment Partners Management LLC's holdings in CompoSecure were worth $161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC increased its holdings in CompoSecure by 474.6% in the 3rd quarter. Barclays PLC now owns 34,754 shares of the company's stock worth $488,000 after acquiring an additional 28,706 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of CompoSecure by 555.0% in the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company's stock worth $728,000 after purchasing an additional 44,018 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of CompoSecure by 14.2% in the fourth quarter. Ritholtz Wealth Management now owns 48,976 shares of the company's stock valued at $751,000 after purchasing an additional 6,104 shares during the period. Solidarity Wealth LLC bought a new stake in shares of CompoSecure in the fourth quarter valued at approximately $2,152,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in shares of CompoSecure during the 4th quarter valued at approximately $162,000. 37.56% of the stock is currently owned by institutional investors.

CompoSecure Stock Up 0.1%

Shares of CMPO stock traded up $0.01 on Friday, reaching $11.57. The company's stock had a trading volume of 637,551 shares, compared to its average volume of 828,756. The company has a market capitalization of $1.18 billion, a P/E ratio of -26.30, a PEG ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a 12-month low of $5.98 and a 12-month high of $17.71. The stock's 50 day simple moving average is $10.88 and its 200-day simple moving average is $13.80.

Analysts Set New Price Targets

A number of research firms recently weighed in on CMPO. Lake Street Capital reduced their price objective on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company 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 for the company in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. dropped their price objective on CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $16.19.

Insiders Place Their Bets

In related news, Director Resolute Compo Holdings Llc bought 205,120 shares of the company's stock in a transaction on Friday, February 14th. The stock was acquired at an average cost of $15.83 per share, for a total transaction of $3,247,049.60. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam Joseph Lowe sold 18,818 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $10.97, for a total transaction of $206,433.46. Following the completion of the transaction, the insider now directly 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 704,421 shares of company stock worth $10,929,922 and have sold 34,340 shares worth $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.