Divisadero Street Capital Management LP Purchases New Stake in CompoSecure, Inc. (NASDAQ:CMPO)

Divisadero Street Capital Management LP purchased a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,048,566 shares of the company's stock, valued at approximately $16,075,000. CompoSecure makes up approximately 1.9% of Divisadero Street Capital Management LP's portfolio, making the stock its 15th biggest position. Divisadero Street Capital Management LP owned about 1.19% of CompoSecure as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of CompoSecure during the 4th quarter worth about $526,000. JPMorgan Chase & Co. lifted its position in shares of CompoSecure by 555.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company's stock worth $728,000 after buying an additional 44,018 shares during the period. Truist Financial Corp increased its position in shares of CompoSecure by 286.9% during the 4th quarter. Truist Financial Corp now owns 48,368 shares of the company's stock worth $741,000 after purchasing an additional 35,868 shares in the last quarter. Principal Financial Group Inc. grew its position in CompoSecure by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 11,399 shares of the company's stock worth $175,000 after acquiring an additional 967 shares during the last quarter. Finally, 12th Street Asset Management Company LLC bought a new position in shares of CompoSecure in the fourth quarter worth about $6,945,000. Institutional investors and hedge funds own 37.56% of the company's stock.

CompoSecure Stock Performance

Shares of CMPO stock traded up $0.01 during midday trading on Friday, hitting $11.57. 637,551 shares of the company were exchanged, compared to its average volume of 828,756. CompoSecure, Inc. has a 52 week low of $5.98 and a 52 week high of $17.71. The firm 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. The firm's 50 day moving average price is $10.88 and its two-hundred day moving average price is $13.81.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CMPO shares. JPMorgan Chase & Co. lowered their price target on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Needham & Company LLC dropped their price target on CompoSecure from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Finally, Lake Street Capital lowered their price objective on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a research report 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $16.19.

Insider Transactions at CompoSecure

In other CompoSecure news, insider Adam Joseph Lowe sold 5,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.01, for a total value of $55,050.00. Following the transaction, the insider now directly owns 1,481,036 shares of the company's stock, valued at $16,306,206.36. This represents a 0.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Resolute Compo Holdings Llc acquired 205,120 shares of the stock in a transaction on Friday, February 14th. The shares were purchased at an average price of $15.83 per share, for a total transaction of $3,247,049.60. Following the transaction, the director now directly owns 646,893 shares in the company, valued at approximately $10,240,316.19. This trade represents a 46.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 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.

CompoSecure Company 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.