Bank of America Corp DE Acquires 532,708 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Bank of America Corp DE raised its position in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 449.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 651,211 shares of the company's stock after buying an additional 532,708 shares during the quarter. Bank of America Corp DE owned about 0.74% of CompoSecure worth $9,983,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CMPO. Allspring Global Investments Holdings LLC acquired a new position in shares of CompoSecure during the 4th quarter worth $526,000. JPMorgan Chase & Co. increased its position in 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 purchasing an additional 44,018 shares in the last quarter. Truist Financial Corp increased its position in 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. increased 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 purchasing an additional 967 shares in the last quarter. Finally, 12th Street Asset Management Company LLC acquired a new stake in CompoSecure in the fourth quarter valued at approximately $6,945,000. 37.56% of the stock is owned by institutional investors and hedge funds.

CompoSecure Stock Up 1.4%

CMPO stock traded up $0.18 during midday trading on Wednesday, reaching $13.67. The stock had a trading volume of 628,710 shares, compared to its average volume of 856,575. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -31.03, a PEG ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a twelve month low of $5.98 and a twelve month high of $17.71. The business has a fifty day simple moving average of $11.26 and a two-hundred day simple moving average of $13.61.

CompoSecure (NASDAQ:CMPO - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.06. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The company had revenue of $103.90 million for the quarter, compared to analysts' expectations of $103.22 million. On average, equities analysts predict that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CMPO shares. JPMorgan Chase & Co. cut their target price on CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Wall Street Zen cut CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price target on shares of CompoSecure in a research note on Tuesday, May 13th. Finally, Lake Street Capital lowered their price target on CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $16.19.

Insider Activity at CompoSecure

In related news, insider Adam Joseph Lowe sold 5,000 shares of CompoSecure stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.01, for a total value of $55,050.00. Following the transaction, the insider now owns 1,481,036 shares in the company, valued at $16,306,206.36. This trade represents a 0.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of CompoSecure stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $16.09, for a total transaction of $154,817.98. Following the completion of the transaction, the executive now directly owns 821,782 shares in the company, valued at approximately $13,222,472.38. The trade was a 1.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,440 shares of company stock worth $416,301 in the last quarter. 74.99% of the stock is owned by insiders.

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.