Counterpoint Mutual Funds LLC Invests $471,000 in CompoSecure, Inc. (NASDAQ:CMPO)

Counterpoint Mutual Funds LLC bought a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 30,731 shares of the company’s stock, valued at approximately $471,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMPO. FMR LLC lifted its holdings in shares of CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after buying an additional 5,156 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in CompoSecure in the third quarter valued at about $140,000. Wolverine Asset Management LLC raised its stake in 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 purchasing an additional 4,039 shares in the last quarter. Principal Financial Group Inc. acquired a new position in CompoSecure in the third quarter valued at about $146,000. Finally, Centiva Capital LP acquired a new position in CompoSecure in the third quarter valued at about $151,000. Institutional investors and hedge funds own 37.56% of the company’s stock.

Insider Transactions at CompoSecure

In other news, insider Adam Joseph Lowe sold 5,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the sale, the insider now directly owns 1,481,036 shares in the company, valued at approximately $16,306,206.36. The trade was a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Resolute Compo Holdings Llc purchased 205,120 shares of CompoSecure stock in a transaction dated Friday, February 14th. The shares were purchased at an average price of $15.83 per share, for a total transaction of $3,247,049.60. Following the completion of the acquisition, the director now owns 646,893 shares of the company’s stock, valued at approximately $10,240,316.19. The trade was a 46.43 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 659,376 shares of company stock worth $10,429,021 and have sold 34,340 shares worth $430,701. Company insiders own 74.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CMPO shares. TD Cowen started coverage on CompoSecure in a research note on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target for the company. Lake Street Capital dropped their price target on CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Needham & Company LLC dropped their price target on CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. dropped 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.19.

CompoSecure Stock Up 1.1 %

CompoSecure stock opened at $11.14 on Tuesday. CompoSecure, Inc. has a 12-month low of $5.69 and a 12-month high of $17.71. The business’s 50-day moving average price is $14.44 and its two-hundred day moving average price is $14.57. The stock has a market cap of $1.14 billion, a PE ratio of -25.32, a P/E/G ratio of 2.63 and a beta of 0.77.

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.