CompoSecure, Inc. (NASDAQ:CMPO) Director Joseph J. Deangelo Acquires 45,045 Shares of Stock

CompoSecure, Inc. (NASDAQ:CMPO) Director Joseph J. Deangelo acquired 45,045 shares of CompoSecure 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 completion of the transaction, the director now owns 45,045 shares in the company, valued at approximately $500,900.40. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CompoSecure Stock Down 2.3 %

CompoSecure stock opened at $10.88 on Wednesday. CompoSecure, Inc. has a twelve month low of $5.85 and a twelve month high of $17.71. The company has a market capitalization of $1.11 billion, a P/E ratio of -24.73, a PEG ratio of 2.63 and a beta of 0.77. The stock’s 50 day moving average is $14.37 and its 200 day moving average is $14.56.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On CompoSecure

Institutional investors have recently modified their holdings of the stock. Tyro Capital Management LLC bought a new position in CompoSecure in the 3rd quarter worth about $27,978,000. Capital World Investors purchased a new position in CompoSecure in the fourth quarter worth about $27,387,000. Divisadero Street Capital Management LP bought a new position in shares of CompoSecure in the fourth quarter worth approximately $16,075,000. Nine Ten Capital Management LLC purchased a new stake in shares of CompoSecure during the fourth quarter valued at approximately $13,925,000. Finally, Woodson Capital Management LP bought a new stake in shares of CompoSecure during the third quarter valued at approximately $10,795,000. 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.