Concentric Capital Strategies LP Purchases 173,094 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Concentric Capital Strategies LP raised its position in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 44.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 561,449 shares of the company's stock after purchasing an additional 173,094 shares during the quarter. Concentric Capital Strategies LP owned approximately 0.64% of CompoSecure worth $8,607,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers bought a new stake in shares of CompoSecure in the 4th quarter valued at approximately $269,000. Bosun Asset Management LLC bought a new stake in CompoSecure in the fourth quarter worth approximately $1,985,000. Bleichroeder LP increased its stake in shares of CompoSecure by 1.6% during the 4th quarter. Bleichroeder LP now owns 3,856,966 shares of the company's stock worth $59,127,000 after purchasing an additional 59,416 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of CompoSecure by 449.5% during the 4th 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 in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of CompoSecure in the 4th quarter valued at $2,750,000. 37.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CompoSecure news, Director Joseph J. Deangelo acquired 45,045 shares of the company's stock in a transaction dated Monday, March 17th. The stock was bought at an average price of $11.12 per share, for a total transaction of $500,900.40. Following the purchase, the director now owns 45,045 shares in the company, valued at $500,900.40. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Adam Joseph Lowe sold 18,818 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $10.97, for a total value 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. The trade was a 1.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 704,421 shares of company stock valued at $10,929,922 and have sold 34,340 shares valued at $430,701. 74.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Needham & Company LLC cut their price objective 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 decreased their target price on CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $16.19.

CompoSecure Stock Up 0.1 %

NASDAQ CMPO traded up $0.01 during trading on Friday, hitting $11.57. The company's stock had a trading volume of 637,551 shares, compared to its average volume of 827,052. CompoSecure, Inc. has a 52 week low of $5.98 and a 52 week high of $17.71. The firm has a market cap of $1.18 billion, a P/E ratio of -26.30, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87. The firm has a 50 day moving average price of $10.88 and a 200 day moving average price of $13.82.

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.