Monimus Capital Management LP Invests $3.31 Million in CompoSecure, Inc. (NASDAQ:CMPO)

Monimus Capital Management LP bought a new stake 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 and Exchange Commission (SEC). The institutional investor bought 215,826 shares of the company’s stock, valued at approximately $3,309,000. CompoSecure comprises approximately 3.1% of Monimus Capital Management LP’s portfolio, making the stock its 11th largest holding. Monimus Capital Management LP owned 0.24% of CompoSecure as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of CMPO. Wolverine Asset Management LLC purchased a new stake in CompoSecure during the third quarter valued at approximately $74,000. FMR LLC lifted its position in CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after acquiring an additional 5,156 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in CompoSecure during the third quarter valued at approximately $140,000. Principal Financial Group Inc. purchased a new stake in CompoSecure during the third quarter valued at approximately $146,000. Finally, Centiva Capital LP purchased a new stake in CompoSecure during the third quarter valued at approximately $151,000. Hedge funds and other institutional investors own 37.56% of the company’s stock.

Insider Transactions at CompoSecure

In other news, Director Resolute Compo Holdings Llc purchased 233,070 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average cost of $16.57 per share, with a total value of $3,861,969.90. Following the completion of the acquisition, the director now owns 879,963 shares of the company’s stock, valued at approximately $14,580,986.91. This represents a 36.03 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Joseph Lowe sold 18,818 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $10.97, for a total transaction of $206,433.46. Following the sale, the insider now directly owns 1,486,036 shares in the company, valued at $16,301,814.92. This trade represents a 1.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 659,376 shares of company stock worth $10,429,021 and have sold 29,340 shares worth $375,651. Company insiders own 74.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CompoSecure Price Performance

NASDAQ:CMPO opened at $11.02 on Friday. The firm has a market capitalization of $1.13 billion, a P/E ratio of -25.05, a PEG ratio of 2.63 and a beta of 0.77. CompoSecure, Inc. has a 1-year low of $5.58 and a 1-year high of $17.71. The company’s fifty day moving average price is $14.52 and its 200-day moving average price is $14.53.

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.