Principal Financial Group Inc. Acquires 967 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Principal Financial Group Inc. raised its position in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 9.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,399 shares of the company’s stock after purchasing an additional 967 shares during the quarter. Principal Financial Group Inc.’s holdings in CompoSecure were worth $175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wolverine Asset Management LLC bought a new stake in CompoSecure during the 3rd quarter valued at about $74,000. FMR LLC boosted its holdings in shares of CompoSecure by 693.0% during the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after acquiring an additional 5,156 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of CompoSecure in the third quarter worth approximately $140,000. Centiva Capital LP purchased a new position in shares of CompoSecure in the third quarter worth approximately $151,000. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of CompoSecure in the fourth quarter worth approximately $162,000. 37.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. TD Cowen began coverage on shares of CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday. Lake Street Capital reduced their price objective on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday. B. Riley lifted their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Benchmark reiterated a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.19.

Insiders Place Their Bets

In other CompoSecure news, insider Adam Joseph Lowe sold 66,350 shares of CompoSecure stock in a transaction on Monday, December 9th. The shares were sold at an average price of $15.91, for a total transaction of $1,055,628.50. Following the completion of the transaction, the insider now directly owns 1,358,692 shares of the company’s stock, valued at $21,616,789.72. The trade was a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Resolute Compo Holdings Llc acquired 221,186 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were purchased at an average cost of $15.01 per share, with a total value of $3,320,001.86. Following the completion of the purchase, the director now directly owns 221,186 shares of the company’s stock, valued at $3,320,001.86. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 659,376 shares of company stock valued at $10,429,021 and sold 76,872 shares valued at $1,224,846. 74.99% of the stock is owned by insiders.

CompoSecure Stock Performance

Shares of CMPO opened at $10.97 on Friday. The company’s fifty day moving average is $14.99 and its 200 day moving average is $14.58. The stock has a market capitalization of $966.80 million, a PE ratio of -24.93, a P/E/G ratio of 2.63 and a beta of 0.77. CompoSecure, Inc. has a fifty-two week low of $5.58 and a fifty-two week high of $17.71.

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.