Victory Capital Management Inc. Purchases Shares of 51,298 CompoSecure, Inc. (NASDAQ:CMPO)

Victory Capital Management Inc. purchased a new stake in CompoSecure, Inc. (NASDAQ:CMPO) during the 4th quarter, HoldingsChannel reports. The fund purchased 51,298 shares of the company’s stock, valued at approximately $786,000.

A number of other large investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of CompoSecure by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 11,399 shares of the company’s stock valued at $175,000 after buying an additional 967 shares in the last quarter. Rowlandmiller & PARTNERS.ADV grew its position in shares of CompoSecure by 25.4% in the 4th quarter. Rowlandmiller & PARTNERS.ADV now owns 13,325 shares of the company’s stock worth $204,000 after buying an additional 2,700 shares during the last quarter. Wolverine Asset Management LLC grew its position 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 buying an additional 4,039 shares during the last quarter. FMR LLC grew its position 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 buying an additional 5,156 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of CompoSecure by 43.9% in the 3rd quarter. Janus Henderson Group PLC now owns 17,682 shares of the company’s stock worth $248,000 after buying an additional 5,396 shares during the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at CompoSecure

In related news, Director Resolute Compo Holdings Llc acquired 205,120 shares of the stock in a transaction on Friday, February 14th. The stock was acquired at an average price of $15.83 per share, for a total transaction of $3,247,049.60. Following the completion of the purchase, the director now owns 646,893 shares of the company’s stock, valued at $10,240,316.19. This represents a 46.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Joseph Lowe sold 5,000 shares of CompoSecure stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.01, for a total value of $55,050.00. Following the transaction, the insider now owns 1,481,036 shares of the company’s stock, valued at $16,306,206.36. The trade was a 0.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 704,421 shares of company stock worth $10,929,922 and have sold 34,340 shares worth $430,701. 74.99% of the stock is currently owned by corporate insiders.

CompoSecure Stock Up 0.3 %

NASDAQ CMPO opened at $11.41 on Friday. CompoSecure, Inc. has a twelve month low of $5.98 and a twelve month high of $17.71. The firm 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. The stock’s 50 day moving average is $14.24 and its 200 day moving average is $14.52.

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.