Bank of America Corp DE Increases Stake in CompoSecure, Inc. (NASDAQ:CMPO)

Bank of America Corp DE lifted its position in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 449.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 651,211 shares of the company's stock after acquiring an additional 532,708 shares during the quarter. Bank of America Corp DE owned 0.74% of CompoSecure worth $9,983,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new stake in CompoSecure in the fourth quarter worth about $75,000. Wolverine Asset Management LLC raised its holdings in shares of CompoSecure by 76.3% in the fourth quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company's stock worth $143,000 after buying an additional 4,039 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of CompoSecure during the 4th quarter worth approximately $156,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in CompoSecure by 33.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company's stock valued at $161,000 after acquiring an additional 2,547 shares during the period. Finally, OLD Mission Capital LLC purchased a new position in CompoSecure in the 4th quarter worth about $165,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Adam Joseph Lowe sold 5,000 shares of the firm'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 completion of 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 legal filing with the SEC, which is available at this link. Also, Director Joseph J. Deangelo purchased 45,045 shares of the company's stock in a transaction on Monday, March 17th. The shares were purchased 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 approximately $500,900.40. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 74.99% of the company's stock.

CompoSecure Trading Down 0.6%

Shares of CMPO stock traded down $0.08 during trading hours on Thursday, reaching $13.60. 879,845 shares of the company's stock were exchanged, compared to its average volume of 864,198. CompoSecure, Inc. has a fifty-two week low of $5.98 and a fifty-two week high of $17.71. The stock's 50 day moving average is $11.35 and its 200-day moving average is $13.60. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -30.91, a P/E/G ratio of 2.63 and a beta of 0.87.

CompoSecure (NASDAQ:CMPO - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $103.22 million. Equities analysts anticipate that CompoSecure, Inc. will post 1.02 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on CMPO. Lake Street Capital dropped their target price on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 price objective on shares of CompoSecure in a research note on Tuesday, May 13th. Wall Street Zen lowered shares of CompoSecure from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a report 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.19.

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.