Oppenheimer & Co. Inc. Makes New Investment in CompoSecure, Inc. (NASDAQ:CMPO)

Oppenheimer & Co. Inc. acquired a new stake in shares of CompoSecure, Inc. (NASDAQ:CMPO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,739 shares of the company’s stock, valued at approximately $226,000.

Several other hedge funds have also recently made changes to their positions in CMPO. Principal Financial Group Inc. purchased a new position in shares of CompoSecure during the third quarter valued at approximately $146,000. Wolverine Asset Management LLC bought a new stake in CompoSecure during the third quarter valued at approximately $74,000. Bard Associates Inc. grew its position in CompoSecure by 0.6% during the third quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock valued at $4,280,000 after buying an additional 1,957 shares during the period. Islay Capital Management LLC bought a new stake in CompoSecure during the third quarter valued at approximately $633,000. Finally, Charles Schwab Investment Management Inc. grew its position in CompoSecure by 46.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 69,162 shares of the company’s stock valued at $970,000 after buying an additional 21,793 shares during the period. 37.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CompoSecure news, Director Resolute Compo Holdings Llc acquired 221,186 shares of the stock in a transaction on Wednesday, February 12th. The stock was acquired at an average price of $15.01 per share, for a total transaction of $3,320,001.86. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $16.09, for a total transaction of $154,817.98. Following the transaction, the executive now owns 821,782 shares of the company’s stock, valued at $13,222,472.38. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 659,376 shares of company stock worth $10,429,021. 74.99% of the stock is owned by insiders.

CompoSecure Stock Performance

Shares of NASDAQ:CMPO opened at $10.97 on Monday. The firm has a fifty day moving average price of $14.99 and a 200 day moving average price of $14.60. CompoSecure, Inc. has a fifty-two week low of $5.58 and a fifty-two week high of $17.71. The firm has a market cap of $966.80 million, a price-to-earnings ratio of -24.93, a P/E/G ratio of 2.63 and a beta of 0.77.

Analyst Ratings Changes

Several brokerages recently issued reports on CMPO. Lake Street Capital cut their target price on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday. TD Cowen began coverage on shares of CompoSecure in a research report on Wednesday, December 18th. They set a “buy” rating and a $20.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday. Needham & Company LLC cut their target price on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Benchmark reiterated a “buy” rating and issued a $17.00 price target 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.com, CompoSecure presently has an average 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.