Invesco Ltd. Boosts Position in CompoSecure, Inc. $CMPO

Key Points

• Invesco Ltd. has increased its stake in CompoSecure, Inc. by 11.9%, owning approximately 808,830 shares valued at around $8.79 million as of the latest reporting period.
• Several institutional investors, including Vanguard Group and Locust Wood Capital Advisers, have significantly raised their holdings in CompoSecure, indicating strong interest in the company.
• Analysts have varied opinions on CompoSecure's stock, with price targets ranging from $15.00 to $23.00, emphasizing a consensus rating of "Moderate Buy" and a target price of $17.67.

Invesco Ltd. boosted its holdings in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 808,830 shares of the company's stock after purchasing an additional 85,708 shares during the quarter. Invesco Ltd. owned about 0.79% of CompoSecure worth $8,792,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Locust Wood Capital Advisers LLC lifted its stake in CompoSecure by 60.3% during the 1st quarter. Locust Wood Capital Advisers LLC now owns 7,339,015 shares of the company's stock valued at $79,775,000 after acquiring an additional 2,759,872 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in CompoSecure by 39.7% during the 1st quarter. Wolverine Asset Management LLC now owns 13,044 shares of the company's stock valued at $142,000 after acquiring an additional 3,709 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in CompoSecure by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,339 shares of the company's stock valued at $123,000 after acquiring an additional 1,138 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in CompoSecure by 4.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 81,165 shares of the company's stock valued at $882,000 after acquiring an additional 3,290 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in CompoSecure by 65.7% during the 1st quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company's stock valued at $25,407,000 after acquiring an additional 926,389 shares in the last quarter. 37.56% of the stock is currently owned by institutional investors.

CompoSecure Stock Down 3.2%

CompoSecure stock traded down $0.63 during midday trading on Friday, reaching $19.12. The stock had a trading volume of 874,733 shares, compared to its average volume of 1,216,976. CompoSecure, Inc. has a 12 month low of $9.24 and a 12 month high of $20.14. The firm's 50-day moving average price is $15.89 and its 200 day moving average price is $13.57. The firm has a market capitalization of $1.96 billion, a PE ratio of -11.38 and a beta of 0.94.

Analysts Set New Price Targets

Several equities analysts have weighed in on CMPO shares. Wall Street Zen cut CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Needham & Company LLC restated a "buy" rating and set a $15.00 price objective on shares of CompoSecure in a research note on Tuesday, May 13th. B. Riley restated a "buy" rating and set a $23.00 price objective (up from $17.00) on shares of CompoSecure in a research note on Monday, August 18th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $16.00 target price on shares of CompoSecure in a research note on Wednesday, August 20th. Finally, Benchmark lifted their target price on CompoSecure from $14.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.67.

Insider Activity at CompoSecure

In related news, COO Gregoire Maes sold 97,226 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $19.36, for a total value of $1,882,295.36. Following the sale, the chief operating officer directly owned 779,062 shares in the company, valued at approximately $15,082,640.32. The trade was a 11.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $18.74, for a total value of $1,874,000.00. Following the completion of the sale, the chief financial officer owned 759,789 shares in the company, valued at $14,238,445.86. This represents a 11.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 217,125 shares of company stock worth $4,139,550. Company insiders own 52.10% of the company's stock.

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.