Wellington Management Group LLP Has $2.29 Million Position in CompoSecure, Inc. (NASDAQ:CMPO)

Wellington Management Group LLP grew its position in CompoSecure, Inc. (NASDAQ:CMPO) by 30.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 355,454 shares of the company’s stock after purchasing an additional 83,736 shares during the period. Wellington Management Group LLP owned about 0.45% of CompoSecure worth $2,293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cannell Capital LLC grew its holdings in shares of CompoSecure by 70.0% in the 3rd quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock valued at $11,410,000 after buying an additional 728,424 shares during the period. BlackRock Inc. grew its holdings in shares of CompoSecure by 72.4% in the 2nd quarter. BlackRock Inc. now owns 815,004 shares of the company’s stock valued at $5,591,000 after buying an additional 342,335 shares during the period. TCW Group Inc. acquired a new position in shares of CompoSecure in the 1st quarter valued at $2,189,000. Intrinsic Edge Capital Management LLC grew its holdings in shares of CompoSecure by 370.5% in the 1st quarter. Intrinsic Edge Capital Management LLC now owns 376,400 shares of the company’s stock valued at $2,770,000 after buying an additional 296,400 shares during the period. Finally, Potomac Capital Management Inc. grew its holdings in shares of CompoSecure by 169.0% in the 3rd quarter. Potomac Capital Management Inc. now owns 440,715 shares of the company’s stock valued at $2,843,000 after buying an additional 276,890 shares during the period. 37.56% of the stock is owned by institutional investors.

CompoSecure Price Performance

Shares of NASDAQ:CMPO opened at $6.94 on Thursday. The company’s 50-day moving average price is $5.38 and its two-hundred day moving average price is $5.60. CompoSecure, Inc. has a one year low of $4.61 and a one year high of $7.90. The stock has a market capitalization of $558.88 million, a PE ratio of 7.63 and a beta of 0.62.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CMPO. JPMorgan Chase & Co. lowered shares of CompoSecure from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $7.00 to $6.00 in a research note on Monday, December 18th. Benchmark upped their target price on shares of CompoSecure from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, B. Riley upped their target price on shares of CompoSecure from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.83.

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.