CompoSecure (NASDAQ:CMPO) Shares Gap Up Following Insider Buying Activity

CompoSecure, Inc. (NASDAQ:CMPO) shares gapped up before the market opened on Wednesday following insider buying activity. The stock had previously closed at $10.88, but opened at $11.58. CompoSecure shares last traded at $11.33, with a volume of 91,410 shares trading hands.

Specifically, Director Joseph J. Deangelo bought 45,045 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were bought at an average cost of $11.12 per share, for a total transaction of $500,900.40. Following the acquisition, the director now directly owns 45,045 shares of the company’s stock, valued at $500,900.40. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Analyst Ratings Changes

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

CompoSecure Stock Performance

The stock’s 50-day simple moving average is $14.24 and its 200 day simple moving average is $14.52. The company has a market capitalization of $1.17 billion, a PE ratio of -25.93, a P/E/G ratio of 2.63 and a beta of 0.77.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CMPO. KLP Kapitalforvaltning AS acquired a new stake in CompoSecure during the 4th quarter worth $75,000. FMR LLC lifted its stake in shares of CompoSecure by 693.0% in the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after acquiring an additional 5,156 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of CompoSecure in the 3rd quarter worth $140,000. Wolverine Asset Management LLC lifted its stake 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 acquiring an additional 4,039 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in shares of CompoSecure in the 3rd quarter valued at about $146,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

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.