CompoSecure, Inc. (NASDAQ:CMPO) Stock Position Lifted by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 641,623 shares of the company's stock after buying an additional 55,877 shares during the quarter. Geode Capital Management LLC owned about 0.73% of CompoSecure worth $9,839,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in shares of CompoSecure in the 4th quarter worth about $75,000. Wolverine Asset Management LLC lifted its position in shares of 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 purchasing an additional 4,039 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of CompoSecure in the third quarter valued at $146,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of CompoSecure by 33.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company's stock valued at $161,000 after purchasing an additional 2,547 shares during the period. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of CompoSecure in the fourth quarter valued at $162,000. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Adam Joseph Lowe sold 18,818 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $10.97, for a total value of $206,433.46. Following the completion of the sale, the insider now directly owns 1,486,036 shares in the company, valued at approximately $16,301,814.92. The trade was a 1.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Resolute Compo Holdings Llc purchased 233,070 shares of the stock in a transaction dated Thursday, February 20th. The stock was purchased at an average price of $16.57 per share, with a total value of $3,861,969.90. Following the completion of the acquisition, the director now directly owns 879,963 shares in the company, valued at approximately $14,580,986.91. The trade was a 36.03 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 704,421 shares of company stock worth $10,929,922 and sold 34,340 shares worth $430,701. Company insiders own 74.99% of the company's stock.

CompoSecure Stock Up 3.2 %

NASDAQ:CMPO traded up $0.35 during trading hours on Tuesday, reaching $11.24. 1,090,344 shares of the stock were exchanged, compared to its average volume of 828,212. The stock has a market capitalization of $1.15 billion, a P/E ratio of -25.55, a P/E/G ratio of 2.63 and a beta of 0.87. The firm has a 50 day simple moving average of $11.40 and a 200-day simple moving average of $14.03. CompoSecure, Inc. has a 52 week low of $5.98 and a 52 week high of $17.71.

Analyst Ratings Changes

Several research analysts have recently weighed in on CMPO shares. JPMorgan Chase & Co. decreased their target price on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Needham & Company LLC decreased their target price on shares of CompoSecure from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Finally, Lake Street Capital decreased their target price on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, CompoSecure presently has an average rating of "Moderate Buy" and an average target price of $16.19.

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.