Alliancebernstein L.P. Has $332,000 Position in CompoSecure, Inc. (NASDAQ:CMPO)

Alliancebernstein L.P. decreased its position in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,640 shares of the company’s stock after selling 3,940 shares during the period. Alliancebernstein L.P.’s holdings in CompoSecure were worth $332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in CompoSecure in the 4th quarter valued at about $75,000. FMR LLC boosted its stake in shares of CompoSecure by 693.0% in the third 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 period. Wolverine Asset Management LLC grew its position in CompoSecure by 76.3% during the fourth quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company’s stock worth $143,000 after buying an additional 4,039 shares in the last quarter. Principal Financial Group Inc. bought a new position in CompoSecure during the 3rd quarter worth $146,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in CompoSecure by 33.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company’s stock valued at $161,000 after acquiring an additional 2,547 shares in the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Stock Down 2.8 %

CompoSecure stock opened at $10.35 on Tuesday. The stock has a market cap of $1.06 billion, a PE ratio of -23.52, a P/E/G ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a 12-month low of $5.98 and a 12-month high of $17.71. The business’s 50-day moving average price is $12.06 and its two-hundred day moving average price is $14.16.

Analyst Ratings Changes

CMPO has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Needham & Company LLC decreased their target price 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. Finally, Lake Street Capital cut their price target on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a report 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.19.

Insider Activity at CompoSecure

In other news, CRO Amanda Mandy Gourbault sold 9,622 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $16.09, for a total value of $154,817.98. Following the completion of the transaction, the executive now directly owns 821,782 shares in the company, valued at approximately $13,222,472.38. This represents a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Joseph Lowe sold 18,818 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $10.97, for a total value of $206,433.46. Following the sale, the insider now directly owns 1,486,036 shares in the company, valued at approximately $16,301,814.92. This trade represents a 1.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 704,421 shares of company stock valued at $10,929,922 and have sold 34,340 shares valued at $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.