KP Management LLC Takes Position in CompoSecure, Inc. (NASDAQ:CMPO)

KP Management LLC bought a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 87,695 shares of the company's stock, valued at approximately $1,344,000. KP Management LLC owned about 0.10% of CompoSecure at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CMPO. KLP Kapitalforvaltning AS acquired a new position in shares of CompoSecure during the fourth quarter valued at about $75,000. Wolverine Asset Management LLC grew its stake in 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 last quarter. Principal Financial Group Inc. bought a new stake in shares of CompoSecure during the third quarter valued at approximately $146,000. Price T Rowe Associates Inc. MD bought a new position in CompoSecure in the 4th quarter worth approximately $156,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in CompoSecure by 33.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company's stock valued at $161,000 after buying an additional 2,547 shares during the last quarter. Institutional investors and hedge funds own 37.56% of the company's stock.

Insiders Place Their Bets

In other news, insider Adam Joseph Lowe sold 18,818 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $10.97, for a total transaction of $206,433.46. Following the completion of the transaction, the insider now directly owns 1,486,036 shares of the company's stock, valued at $16,301,814.92. This 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 available at this hyperlink. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $16.09, for a total value of $154,817.98. Following the transaction, the executive now directly owns 821,782 shares of the company's stock, valued at $13,222,472.38. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 704,421 shares of company stock worth $10,929,922 and sold 34,340 shares worth $430,701. Corporate insiders own 74.99% of the company's stock.

Wall Street Analysts Forecast Growth

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

CompoSecure Price Performance

Shares of CompoSecure stock traded down $0.25 during trading hours on Wednesday, hitting $10.99. The company's stock had a trading volume of 537,636 shares, compared to its average volume of 829,902. CompoSecure, Inc. has a 12 month low of $5.98 and a 12 month high of $17.71. The stock has a 50 day moving average of $11.40 and a 200 day moving average of $14.03. The company has a market capitalization of $1.12 billion, a PE ratio of -24.98, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87.

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.