Invesco Ltd. Increases Stake 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. raised its holdings in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 808,830 shares of the company's stock after buying an additional 85,708 shares during the quarter. Invesco Ltd. owned about 0.79% of CompoSecure worth $8,792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CMPO. Locust Wood Capital Advisers LLC raised its position in CompoSecure by 60.3% during the first quarter. Locust Wood Capital Advisers LLC now owns 7,339,015 shares of the company's stock valued at $79,775,000 after purchasing an additional 2,759,872 shares in the last quarter. Divisadero Street Capital Management LP purchased a new stake in CompoSecure during the fourth quarter valued at about $16,075,000. Vanguard Group Inc. raised its position in CompoSecure by 65.7% during the first quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company's stock valued at $25,407,000 after purchasing an additional 926,389 shares in the last quarter. Bank of America Corp DE raised its position in CompoSecure by 449.5% during the fourth quarter. Bank of America Corp DE now owns 651,211 shares of the company's stock valued at $9,983,000 after purchasing an additional 532,708 shares in the last quarter. Finally, Guardian Point Capital LP purchased a new stake in CompoSecure during the fourth quarter valued at about $7,972,000. Hedge funds and other institutional investors own 37.56% of the company's stock.

Insider Activity at CompoSecure

In related news, CFO Timothy Walter Fitzsimmons sold 100,000 shares of CompoSecure stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $18.74, for a total transaction of $1,874,000.00. Following the completion of the transaction, the chief financial officer directly owned 759,789 shares of the company's stock, valued at $14,238,445.86. This trade represents a 11.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kevin M. Moriarty purchased 13,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average cost of $19.28 per share, with a total value of $250,640.00. Following the completion of the transaction, the director owned 13,000 shares in the company, valued at $250,640. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 217,125 shares of company stock valued at $4,139,550 in the last three months. Company insiders own 52.10% of the company's stock.

Analysts Set New Price Targets

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

CompoSecure Price Performance

NASDAQ CMPO traded down $0.10 during trading hours on Thursday, reaching $19.75. 997,568 shares of the company's stock traded hands, compared to its average volume of 951,116. CompoSecure, Inc. has a 52-week low of $9.24 and a 52-week high of $20.14. The firm has a market cap of $2.02 billion, a PE ratio of -11.76 and a beta of 0.94. The firm has a 50-day simple moving average of $15.67 and a 200 day simple moving average of $13.51.

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.