CompoSecure, Inc. (NASDAQ:CMPO) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 27.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 168,113 shares of the company’s stock after buying an additional 36,142 shares during the period. Russell Investments Group Ltd.’s holdings in CompoSecure were worth $2,577,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of CompoSecure by 34.1% during the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock worth $8,214,000 after acquiring an additional 148,833 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in CompoSecure during the 4th quarter worth approximately $526,000. JPMorgan Chase & Co. raised its position in shares of CompoSecure by 555.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock valued at $728,000 after purchasing an additional 44,018 shares in the last quarter. Truist Financial Corp boosted its stake in shares of CompoSecure by 286.9% during the 4th quarter. Truist Financial Corp now owns 48,368 shares of the company’s stock valued at $741,000 after buying an additional 35,868 shares during the last quarter. Finally, State Street Corp grew its position in shares of CompoSecure by 20.1% during the third quarter. State Street Corp now owns 395,691 shares of the company’s stock worth $5,548,000 after buying an additional 66,232 shares in the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Stock Up 1.5 %

Shares of NASDAQ:CMPO opened at $10.65 on Friday. The company has a market cap of $1.09 billion, a PE ratio of -24.20, a P/E/G ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a fifty-two week low of $5.98 and a fifty-two week high of $17.71. The firm has a 50-day simple moving average of $12.24 and a 200 day simple moving average of $14.20.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CMPO shares. 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 report on Thursday, March 6th. JPMorgan Chase & Co. cut 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. Finally, Lake Street Capital decreased their price target on CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, CompoSecure currently has an average rating of “Moderate Buy” and a consensus target price of $16.19.

Insider Buying and Selling at CompoSecure

In related news, insider Adam Joseph Lowe sold 18,818 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 1,486,036 shares in the company, valued at $16,301,814.92. The trade was a 1.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Resolute Compo Holdings Llc bought 233,070 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was bought at an average cost of $16.57 per share, for a total transaction of $3,861,969.90. Following the completion of the transaction, the director now directly owns 879,963 shares of the company’s stock, valued at $14,580,986.91. This trade represents a 36.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 704,421 shares of company stock worth $10,929,922 and sold 34,340 shares worth $430,701. 74.99% of the stock is currently owned by insiders.

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.