Swiss National Bank Takes Position in CompoSecure, Inc. (NASDAQ:CMPO)

Swiss National Bank bought a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 48,700 shares of the company’s stock, valued at approximately $747,000. Swiss National Bank owned about 0.06% of CompoSecure at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in 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 during the period. Wolverine Asset Management LLC raised its holdings in shares of CompoSecure by 76.3% in the fourth quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company’s stock valued at $143,000 after buying an additional 4,039 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of CompoSecure during the third quarter worth about $146,000. Centiva Capital LP acquired a new stake in shares of CompoSecure during the third quarter worth about $151,000. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of CompoSecure during the fourth quarter worth about $162,000. 37.56% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Resolute Compo Holdings Llc acquired 221,186 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were purchased at an average price of $15.01 per share, with a total value of $3,320,001.86. Following the completion of the acquisition, the director now owns 221,186 shares in the company, valued at approximately $3,320,001.86. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the insider now owns 1,486,036 shares in the company, valued at $16,301,814.92. The trade was a 1.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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 company insiders.

CompoSecure Price Performance

CMPO opened at $10.94 on Friday. CompoSecure, Inc. has a 12 month low of $5.98 and a 12 month high of $17.71. The stock has a market capitalization of $1.12 billion, a P/E ratio of -24.86, a P/E/G ratio of 2.63 and a beta of 0.77. The business has a 50 day simple moving average of $13.88 and a 200-day simple moving average of $14.52.

Wall Street Analyst Weigh In

Several analysts have commented on CMPO shares. TD Cowen started 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. JPMorgan Chase & Co. cut their price target on CompoSecure from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Needham & Company LLC decreased their price target on CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Finally, Lake Street Capital dropped their price objective on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating on the stock in a research note 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’s stock. According to MarketBeat, CompoSecure presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.19.

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.