Invesco Ltd. Purchases 661,426 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Invesco Ltd. increased its stake in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 1,072.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 723,122 shares of the company's stock after purchasing an additional 661,426 shares during the quarter. Invesco Ltd. owned approximately 0.82% of CompoSecure worth $11,085,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMPO. KLP Kapitalforvaltning AS acquired a new position in CompoSecure in the 4th quarter valued at approximately $75,000. FMR LLC increased its position in shares of CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company's stock worth $83,000 after buying an additional 5,156 shares during the period. Wolverine Asset Management LLC increased 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 buying an additional 4,039 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of CompoSecure during the third quarter worth $146,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of 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. 37.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CompoSecure

In other CompoSecure 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 value of $206,433.46. Following the transaction, the insider now directly owns 1,486,036 shares of the company's stock, valued at approximately $16,301,814.92. This trade represents a 1.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Resolute Compo Holdings Llc acquired 233,070 shares of the company's stock in a transaction on Thursday, February 20th. The stock was acquired at an average cost of $16.57 per share, for a total transaction of $3,861,969.90. Following the completion of the purchase, the director now directly owns 879,963 shares of the company's stock, valued at approximately $14,580,986.91. This represents a 36.03 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 704,421 shares of company stock valued at $10,929,922 and have sold 34,340 shares valued at $430,701. Insiders own 74.99% of the company's stock.

Wall Street Analyst Weigh In

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

CompoSecure Trading Up 0.9 %

NASDAQ CMPO traded up $0.10 on Monday, hitting $10.89. 505,527 shares of the company were exchanged, compared to its average volume of 824,506. The company has a market cap of $1.11 billion, a PE ratio of -24.75, a PEG ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a 12 month low of $5.98 and a 12 month high of $17.71. The stock has a fifty day moving average of $11.51 and a 200-day moving average of $14.05.

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.