Rhumbline Advisers Purchases 8,411 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Rhumbline Advisers grew its holdings in CompoSecure, Inc. (NASDAQ:CMPO) by 32.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 34,135 shares of the company’s stock after buying an additional 8,411 shares during the quarter. Rhumbline Advisers’ holdings in CompoSecure were worth $523,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMPO. Principal Financial Group Inc. bought a new stake in shares of CompoSecure in the 3rd quarter worth $146,000. Wolverine Asset Management LLC bought a new stake in shares of CompoSecure in the third quarter worth about $74,000. Bard Associates Inc. increased its stake in CompoSecure by 0.6% during the third quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock worth $4,280,000 after acquiring an additional 1,957 shares during the last quarter. Islay Capital Management LLC bought a new position in shares of CompoSecure during the third quarter valued at approximately $633,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of CompoSecure by 46.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 69,162 shares of the company’s stock valued at $970,000 after purchasing an additional 21,793 shares during the period. Hedge funds and other institutional investors own 37.56% of the company’s stock.

Analyst Ratings Changes

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

CompoSecure Trading Down 5.1 %

CMPO stock opened at $10.97 on Friday. CompoSecure, Inc. has a 12-month low of $5.58 and a 12-month high of $17.71. The stock has a market cap of $966.80 million, a price-to-earnings ratio of -24.93, a PEG ratio of 2.63 and a beta of 0.77. The business’s 50-day moving average is $14.99 and its 200 day moving average is $14.58.

Insider Buying and Selling

In other news, Director Resolute Compo Holdings Llc acquired 233,070 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average cost of $16.57 per share, for a total transaction of $3,861,969.90. Following the acquisition, the director now owns 879,963 shares in the company, valued at approximately $14,580,986.91. This represents a 36.03 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Joseph Lowe sold 66,350 shares of CompoSecure stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $15.91, for a total value of $1,055,628.50. Following the completion of the sale, the insider now owns 1,358,692 shares in the company, valued at approximately $21,616,789.72. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have bought 659,376 shares of company stock worth $10,429,021 and have sold 76,872 shares worth $1,224,846. 74.99% of the stock is currently owned by insiders.

About CompoSecure

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.