Bwcp LP Has $8.19 Million Holdings in CompoSecure, Inc. $CMPO

Bwcp LP trimmed its position in CompoSecure, Inc. (NASDAQ:CMPO) by 24.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 580,977 shares of the company’s stock after selling 192,250 shares during the period. CompoSecure accounts for approximately 1.3% of Bwcp LP’s investment portfolio, making the stock its 27th biggest position. Bwcp LP’s holdings in CompoSecure were worth $8,186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. increased its holdings in CompoSecure by 80.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,488 shares of the company’s stock worth $63,000 after purchasing an additional 1,995 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of CompoSecure in the first quarter valued at approximately $72,000. KLP Kapitalforvaltning AS raised its holdings in CompoSecure by 73.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,500 shares of the company’s stock valued at $120,000 after buying an additional 3,600 shares during the last quarter. Summit Securities Group LLC bought a new position in CompoSecure in the 1st quarter valued at approximately $107,000. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in CompoSecure by 65.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 10,240 shares of the company’s stock worth $144,000 after acquiring an additional 4,042 shares during the last quarter. Institutional investors own 37.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CMPO. B. Riley reaffirmed a “buy” rating and set a $23.00 price target (up previously from $17.00) on shares of CompoSecure in a research note on Monday, August 18th. Cowen reaffirmed a “buy” rating on shares of CompoSecure in a research report on Tuesday, November 4th. Lake Street Capital upped their price target on CompoSecure from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. increased their price target on CompoSecure from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Finally, Needham & Company LLC lifted their price objective on CompoSecure from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.50.

CompoSecure Trading Down 1.4%

Shares of CompoSecure stock opened at $20.18 on Friday. The business has a 50-day moving average price of $20.04 and a two-hundred day moving average price of $17.72. CompoSecure, Inc. has a 1-year low of $9.24 and a 1-year high of $26.78. The company has a market cap of $2.55 billion, a P/E ratio of -12.01 and a beta of 0.97.

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.