Bank of New York Mellon Corp Acquires 38,037 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Bank of New York Mellon Corp grew its holdings in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 64.7% during the fourth quarter, Holdings Channel reports. The firm owned 96,820 shares of the company’s stock after purchasing an additional 38,037 shares during the period. Bank of New York Mellon Corp’s holdings in CompoSecure were worth $1,484,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in CompoSecure by 9.3% in 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 during the last quarter. Rowlandmiller & PARTNERS.ADV grew its stake in CompoSecure by 25.4% in the 4th quarter. Rowlandmiller & PARTNERS.ADV now owns 13,325 shares of the company’s stock valued at $204,000 after buying an additional 2,700 shares during the last quarter. Wolverine Asset Management LLC grew its stake in CompoSecure by 76.3% in the 4th 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. FMR LLC grew its stake in CompoSecure by 693.0% in the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after buying an additional 5,156 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in CompoSecure by 43.9% in the 3rd quarter. Janus Henderson Group PLC now owns 17,682 shares of the company’s stock valued at $248,000 after buying an additional 5,396 shares during the last quarter. Institutional investors own 37.56% of the company’s stock.

CompoSecure Price Performance

NASDAQ CMPO opened at $11.30 on Friday. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -25.68, a P/E/G ratio of 2.63 and a beta of 0.77. The company’s fifty day moving average is $14.18 and its two-hundred day moving average is $14.53. CompoSecure, Inc. has a 52-week low of $5.98 and a 52-week high of $17.71.

Insider Activity

In other CompoSecure news, Director Resolute Compo Holdings Llc bought 221,186 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were acquired at an average cost of $15.01 per share, for a total transaction of $3,320,001.86. Following the transaction, the director now owns 221,186 shares in the company, valued at approximately $3,320,001.86. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Adam Joseph Lowe sold 5,000 shares of CompoSecure stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.01, for a total transaction of $55,050.00. Following the sale, the insider now owns 1,481,036 shares in the company, valued at approximately $16,306,206.36. This trade represents a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 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 owned by company insiders.

Analyst Ratings Changes

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

About CompoSecure

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.