CompoSecure (NASDAQ:CMPO) Sets New 52-Week High - Here's What Happened

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.00 and last traded at $20.85, with a volume of 1038027 shares trading hands. The stock had previously closed at $20.70.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CMPO. JPMorgan Chase & Co. reissued an "underweight" rating and set a $16.00 price objective on shares of CompoSecure in a research note on Wednesday, August 20th. Benchmark lifted their target price on shares of CompoSecure from $14.00 to $17.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, B. Riley restated a "buy" rating and set a $23.00 target price (up previously from $17.00) on shares of CompoSecure in a report on Monday, August 18th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.67.

CompoSecure Stock Performance

The stock has a market cap of $2.13 billion, a price-to-earnings ratio of -12.41 and a beta of 0.97. The business's fifty day simple moving average is $18.03 and its 200 day simple moving average is $14.42.

Insider Activity

In other news, Director Rebecca Corbin Loree acquired 5,240 shares of the business's stock in a transaction on Friday, August 29th. The shares were purchased at an average price of $19.09 per share, for a total transaction of $100,031.60. Following the acquisition, the director directly owned 5,240 shares of the company's stock, valued at $100,031.60. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $18.74, for a total transaction of $1,874,000.00. Following the completion of the transaction, the chief financial officer owned 759,789 shares in the company, valued at $14,238,445.86. This represents a 11.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 217,125 shares of company stock worth $4,139,550. 52.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CompoSecure

Several hedge funds and other institutional investors have recently modified their holdings of CMPO. Locust Wood Capital Advisers LLC increased its position in shares of CompoSecure by 60.3% in the 1st quarter. Locust Wood Capital Advisers LLC now owns 7,339,015 shares of the company's stock worth $79,775,000 after purchasing an additional 2,759,872 shares during the last quarter. Corsair Capital Management L.P. bought a new stake in shares of CompoSecure in the 1st quarter worth about $19,901,000. Vanguard Group Inc. increased its position in shares of CompoSecure by 65.7% in the 1st quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company's stock worth $25,407,000 after purchasing an additional 926,389 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in shares of CompoSecure by 319.0% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 570,633 shares of the company's stock worth $8,040,000 after purchasing an additional 434,456 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new stake in shares of CompoSecure in the 1st quarter worth about $4,138,000. Institutional investors own 37.56% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.