Allspring Global Investments Holdings LLC Purchases New Shares in CompoSecure, Inc. (NASDAQ:CMPO)

Allspring Global Investments Holdings LLC acquired a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 34,282 shares of the company’s stock, valued at approximately $526,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMPO. Wolverine Asset Management LLC acquired a new position in shares of CompoSecure during the 3rd quarter worth about $74,000. FMR LLC raised its stake in shares of CompoSecure by 693.0% during the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after purchasing an additional 5,156 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of CompoSecure during the 3rd quarter worth approximately $140,000. Principal Financial Group Inc. acquired a new stake in CompoSecure during the 3rd quarter valued at $146,000. Finally, Centiva Capital LP acquired a new stake in CompoSecure during the 3rd quarter valued at $151,000. 37.56% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO Gregoire Maes sold 24,323 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $16.25, for a total transaction of $395,248.75. Following the transaction, the chief operating officer now owns 762,009 shares of the company’s stock, valued at $12,382,646.25. This represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Joseph Lowe sold 34,310 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.24, for a total value of $557,194.40. Following the transaction, the insider now directly owns 1,315,068 shares in the company, valued at $21,356,704.32. This represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 659,376 shares of company stock worth $10,429,021 and sold 180,660 shares worth $2,921,066. 74.99% of the stock is currently owned by corporate insiders.

CompoSecure Stock Down 0.9 %

NASDAQ CMPO opened at $15.96 on Tuesday. The business has a 50 day moving average price of $15.47 and a 200-day moving average price of $14.47. CompoSecure, Inc. has a 52 week low of $4.61 and a 52 week high of $17.71. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -36.27, a P/E/G ratio of 2.63 and a beta of 0.78.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CMPO. Benchmark reissued a “buy” rating and set a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of CompoSecure in a research note on Monday, November 11th. TD Cowen assumed coverage on CompoSecure in a research note on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, B. Riley boosted their price target on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, CompoSecure currently has an average rating of “Moderate Buy” and an average price target of $16.81.

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.