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

Bank of America Corp DE boosted its stake in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 449.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CMPO. JPMorgan Chase & Co. raised its stake in shares of CompoSecure by 555.0% in the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company's stock valued at $728,000 after acquiring an additional 44,018 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in CompoSecure in the 4th quarter valued at $526,000. Rhumbline Advisers boosted its stake in CompoSecure by 32.7% in the fourth quarter. Rhumbline Advisers now owns 34,135 shares of the company's stock worth $523,000 after purchasing an additional 8,411 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of CompoSecure by 9.3% during the fourth quarter. Principal Financial Group Inc. now owns 11,399 shares of the company's stock worth $175,000 after purchasing an additional 967 shares during the last quarter. Finally, Truist Financial Corp increased its stake in shares of CompoSecure by 286.9% in the fourth quarter. Truist Financial Corp now owns 48,368 shares of the company's stock valued at $741,000 after buying an additional 35,868 shares in the last quarter. 37.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMPO has been the topic of several research reports. Lake Street Capital reduced their price target on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Wall Street Zen lowered shares of CompoSecure from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. 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 report on Thursday, March 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price objective on shares of CompoSecure in a report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $16.19.

CompoSecure Trading Up 2.0%

Shares of CMPO traded up $0.27 on Tuesday, reaching $13.49. 1,171,581 shares of the company's stock were exchanged, compared to its average volume of 857,306. The business has a 50 day moving average price of $11.21 and a two-hundred day moving average price of $13.61. CompoSecure, Inc. has a 12 month low of $5.98 and a 12 month high of $17.71. The stock has a market capitalization of $1.38 billion, a P/E ratio of -30.66, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87.

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

Insider Transactions at CompoSecure

In other CompoSecure news, CRO Amanda Mandy Gourbault sold 9,622 shares of CompoSecure stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $16.09, for a total transaction of $154,817.98. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam Joseph Lowe sold 5,000 shares of CompoSecure stock in a transaction dated 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 33,440 shares of company stock worth $416,301. 74.99% of the stock is currently owned by company insiders.

About CompoSecure

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.