CompoSecure, Inc. (NASDAQ:CMPO) Shares Acquired by Bank of America Corp DE

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

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

Analyst Ratings Changes

CMPO has been the subject of several recent analyst reports. Lake Street Capital dropped 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. JPMorgan Chase & Co. decreased their price objective on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price objective on shares of CompoSecure in a research report on Tuesday, May 13th. Finally, Wall Street Zen downgraded shares of CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two equities research analysts have 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 stock presently has a consensus rating of "Moderate Buy" and an average target price of $16.19.

CompoSecure Stock Performance

CMPO stock traded down $0.11 during trading on Thursday, reaching $13.57. 116,393 shares of the company traded hands, compared to its average volume of 858,421. The business has a 50 day simple moving average of $11.30 and a 200 day simple moving average of $13.61. CompoSecure, Inc. has a 12 month low of $5.98 and a 12 month high of $17.71. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -30.95, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87.

CompoSecure (NASDAQ:CMPO - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $103.90 million for the quarter, compared to the consensus estimate of $103.22 million. As a group, research analysts forecast that CompoSecure, Inc. will post 1.02 EPS for the current year.

Insider Buying and Selling at CompoSecure

In related news, insider Adam Joseph Lowe sold 18,818 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $10.97, for a total transaction of $206,433.46. Following the completion of the transaction, the insider now owns 1,486,036 shares of the company's stock, valued at $16,301,814.92. This trade represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph J. Deangelo bought 45,045 shares of the 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 directly owns 45,045 shares of the company's stock, valued at approximately $500,900.40. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 74.99% of the stock is currently owned by company insiders.

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.