Charles Schwab Investment Management Inc. Purchases 8,713 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Charles Schwab Investment Management Inc. boosted its stake in CompoSecure, Inc. (NASDAQ:CMPO) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,875 shares of the company’s stock after purchasing an additional 8,713 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.09% of CompoSecure worth $1,194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMPO. FMR LLC lifted its stake in CompoSecure by 693.0% in the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after purchasing an additional 5,156 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of CompoSecure by 76.3% in the 4th quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company’s stock worth $143,000 after purchasing an additional 4,039 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of CompoSecure in the third quarter valued at approximately $146,000. Centiva Capital LP bought a new position in shares of CompoSecure during the 3rd quarter worth approximately $151,000. Finally, Clear Harbor Asset Management LLC bought a new position in CompoSecure during the fourth quarter valued at about $162,000. Institutional investors own 37.56% of the company’s stock.

Analyst Ratings Changes

CMPO has been the subject of several analyst reports. TD Cowen began coverage on CompoSecure in a research note on Wednesday, December 18th. They issued a “buy” rating and a $20.00 target price for the company. Needham & Company LLC cut their price target on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. JPMorgan Chase & Co. lowered their target price on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Finally, Lake Street Capital reduced 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 analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, CompoSecure presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.19.

Insider Activity at CompoSecure

In other CompoSecure news, insider Adam Joseph Lowe sold 5,000 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.01, for a total value of $55,050.00. Following the completion of the sale, the insider now directly owns 1,481,036 shares in the company, valued at $16,306,206.36. This represents a 0.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Resolute Compo Holdings Llc purchased 233,070 shares of CompoSecure stock in a transaction dated Thursday, February 20th. The shares were purchased at an average cost of $16.57 per share, for a total transaction of $3,861,969.90. Following the transaction, the director now owns 879,963 shares in the company, valued at approximately $14,580,986.91. This trade represents a 36.03 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 704,421 shares of company stock worth $10,929,922 and sold 34,340 shares worth $430,701. 74.99% of the stock is currently owned by insiders.

CompoSecure Stock Down 3.1 %

Shares of CMPO opened at $10.94 on Friday. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -24.86, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. CompoSecure, Inc. has a twelve month low of $5.98 and a twelve month high of $17.71. The company has a 50 day moving average of $13.88 and a two-hundred day moving average of $14.52.

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.