Timothy Walter Fitzsimmons Sells 100,000 Shares of CompoSecure, Inc. (NASDAQ:CMPO) Stock

Key Points

• Timothy Walter Fitzsimmons, CFO of CompoSecure, sold 100,000 shares of the company's stock for a total of $1,874,000, reducing his ownership by 11.63%.
• CompoSecure's stock recently traded at $19.27, with a market cap of $1.97 billion and a twelve-month high of $19.35.
• Analysts have mixed ratings on CompoSecure, with a consensus rating of "Moderate Buy" and an average target price of $17.07 after some price adjustments by firms like Benchmark and Needham & Company.

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) CFO Timothy Walter Fitzsimmons sold 100,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $18.74, for a total value of $1,874,000.00. Following the sale, the chief financial officer owned 759,789 shares in the company, valued at approximately $14,238,445.86. The trade was a 11.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

CompoSecure Stock Up 1.7%

CMPO traded up $0.32 during midday trading on Monday, hitting $18.89. 109,040 shares of the company were exchanged, compared to its average volume of 934,427. The firm has a market capitalization of $1.93 billion, a P/E ratio of -11.24 and a beta of 0.94. CompoSecure, Inc. has a 1-year low of $9.24 and a 1-year high of $19.60. The firm's 50 day moving average price is $14.80 and its 200-day moving average price is $13.29.

Institutional Trading of CompoSecure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Locust Wood Capital Advisers LLC grew its holdings in CompoSecure by 60.3% during the first quarter. Locust Wood Capital Advisers LLC now owns 7,339,015 shares of the company's stock valued at $79,775,000 after purchasing an additional 2,759,872 shares during the period. Corsair Capital Management L.P. bought a new position in CompoSecure in the first quarter valued at $19,901,000. Capital World Investors bought a new position in CompoSecure in the fourth quarter valued at $27,387,000. Divisadero Street Capital Management LP bought a new position in CompoSecure in the fourth quarter valued at $16,075,000. Finally, Vanguard Group Inc. grew its stake in shares of CompoSecure by 65.7% during the first quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company's stock valued at $25,407,000 after buying an additional 926,389 shares during the last quarter. 37.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Benchmark boosted their price target on shares of CompoSecure from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. B. Riley reaffirmed a "buy" rating and set a $23.00 target price (up from $17.00) on shares of CompoSecure in a report on Monday. Wall Street Zen cut CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $15.00 price target on shares of CompoSecure in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $17.07.

CompoSecure Company 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.