JPMorgan Chase & Co. Buys 281,488 Shares of CompoSecure, Inc. $CMPO

JPMorgan Chase & Co. increased its stake in CompoSecure, Inc. (NASDAQ:CMPO) by 96.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 574,171 shares of the company’s stock after purchasing an additional 281,488 shares during the quarter. JPMorgan Chase & Co. owned about 0.45% of CompoSecure worth $11,954,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CMPO. Cambria Investment Management L.P. boosted its stake in CompoSecure by 25.0% in the 3rd quarter. Cambria Investment Management L.P. now owns 39,623 shares of the company’s stock worth $825,000 after purchasing an additional 7,920 shares during the period. Caxton Associates LLP grew its holdings in CompoSecure by 19.3% during the 3rd quarter. Caxton Associates LLP now owns 137,232 shares of the company’s stock valued at $2,857,000 after buying an additional 22,224 shares in the last quarter. Voleon Capital Management LP bought a new stake in shares of CompoSecure during the third quarter valued at about $653,000. Tidal Investments LLC lifted its holdings in shares of CompoSecure by 13.4% in the third quarter. Tidal Investments LLC now owns 1,800,834 shares of the company’s stock worth $37,493,000 after buying an additional 213,194 shares in the last quarter. Finally, Nine Ten Capital Management LLC lifted its holdings in shares of CompoSecure by 1.4% in the third quarter. Nine Ten Capital Management LLC now owns 2,123,312 shares of the company’s stock worth $44,207,000 after buying an additional 29,307 shares in the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

CompoSecure Stock Up 0.3%

NASDAQ:CMPO opened at $18.48 on Friday. The stock has a market cap of $2.34 billion, a P/E ratio of -11.00 and a beta of 0.98. The business’s 50-day moving average price is $22.22 and its two-hundred day moving average price is $20.84. CompoSecure, Inc. has a twelve month low of $9.24 and a twelve month high of $26.78.

CompoSecure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, February 13th.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of CompoSecure in a research note on Thursday, January 8th. Lake Street Capital reiterated a “buy” rating on shares of CompoSecure in a research note on Wednesday, December 24th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $25.50.

About CompoSecure

CompoSecure is a global provider of secure card and credential solutions, specializing in the design, manufacturing and personalization of payment cards, identification credentials and related services. The company develops a range of card products that include metal cards, composite cards and hybrid designs integrating advanced security features such as EMV chip technology, contactless interfaces and specialized surface treatments. CompoSecure’s offerings are tailored to the needs of banks, credit unions, fintech firms and government agencies seeking to differentiate their cards and enhance consumer engagement.

The company’s product portfolio extends beyond physical cards to encompass digital issuance and lifecycle management solutions.