CompoSecure (NASDAQ:CMPO) Trading 3.1% Higher – What’s Next?

by · The Markets Daily

CompoSecure, Inc. (NASDAQ:CMPO – Get Free Report)’s share price was up 3.1% during trading on Monday . The stock traded as high as $13.45 and last traded at $13.30. 2,185,150 shares traded hands during trading, an increase of 112% from the average session volume of 1,030,516 shares. The stock had previously closed at $12.90.

CompoSecure Stock Performance

The company has a market cap of $1.68 billion, a PE ratio of -7.92 and a beta of 0.98. The stock’s 50-day simple moving average is $14.00 and its 200 day simple moving average is $15.19.

Hedge Funds Weigh In On CompoSecure

A number of large investors have recently modified their holdings of the business. Impact Partnership Wealth LLC boosted its stake in shares of CompoSecure by 10.3% in the fourth quarter. Impact Partnership Wealth LLC now owns 17,088 shares of the company’s stock valued at $329,000 after buying an additional 1,590 shares in the last quarter. State of Wyoming lifted its holdings in CompoSecure by 5.8% in the fourth quarter. State of Wyoming now owns 48,419 shares of the company’s stock valued at $934,000 after acquiring an additional 2,654 shares during the period. Hantz Financial Services Inc. acquired a new stake in CompoSecure in the fourth quarter valued at $139,000. Gabelli Funds LLC boosted its position in shares of CompoSecure by 12.3% during the 4th quarter. Gabelli Funds LLC now owns 78,510 shares of the company’s stock worth $1,514,000 after purchasing an additional 8,610 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new stake in shares of CompoSecure during the 4th quarter worth $202,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

About CompoSecure

(Get Free Report)

CompoSecure, Inc (NASDAQ: CMPO) develops payment, security and authentication products for financial institutions, fintech companies, governments and other organizations. The company is best known for manufacturing and personalizing premium metal payment cards, which are designed to provide enhanced durability and a differentiated customer experience compared with traditional plastic cards.

CompoSecure also offers digital security products through its Arculus platform. Arculus combines a hardware wallet and mobile application to help users securely store, manage and transact with digital assets.

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