CompoSecure (NASDAQ:CMPO) Director Buys $100,031.60 in Stock

Key Points

• Director Rebecca Corbin Loree of CompoSecure purchased 5,240 shares of the company's stock at $19.09 per share, totaling $100,031.60.
• CompoSecure's stock has a market cap of $1.93 billion and recently traded at $18.88, down 1.3% on recent trading.
• Analyst ratings for CompoSecure vary, with a consensus rating of "Moderate Buy" and a price target averaging $17.67.

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) Director Rebecca Corbin Loree acquired 5,240 shares of the company's stock in a transaction that occurred on Friday, August 29th. The stock was acquired at an average cost of $19.09 per share, for a total transaction of $100,031.60. Following the acquisition, the director owned 5,240 shares of the company's stock, valued at $100,031.60. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CompoSecure Trading Down 1.3%

CMPO stock traded down $0.24 during midday trading on Tuesday, reaching $18.88. 337,255 shares of the company's stock traded hands, compared to its average volume of 946,879. The stock's 50-day moving average is $15.99 and its 200 day moving average is $13.57. The stock has a market cap of $1.93 billion, a P/E ratio of -11.24 and a beta of 0.96. CompoSecure, Inc. has a 52-week low of $9.24 and a 52-week high of $20.14.

Analyst Ratings Changes

CMPO has been the topic of several analyst reports. Benchmark lifted their target price on CompoSecure from $14.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wall Street Zen downgraded CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. B. Riley restated a "buy" rating and set a $23.00 target price (up previously from $17.00) on shares of CompoSecure in a research note on Monday, August 18th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $16.00 price target on shares of CompoSecure in a report on Wednesday, August 20th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $15.00 price objective on shares of CompoSecure in a research note on Tuesday, May 13th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, CompoSecure presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of CompoSecure by 1,524.4% in the first quarter. GAMMA Investing LLC now owns 2,794 shares of the company's stock valued at $30,000 after purchasing an additional 2,622 shares in the last quarter. MorganRosel Wealth Management LLC bought a new position in CompoSecure during the first quarter valued at $43,000. Tower Research Capital LLC TRC grew its stake in shares of CompoSecure by 25.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company's stock worth $49,000 after buying an additional 713 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of 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 buying an additional 1,995 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of CompoSecure during the 1st quarter valued at about $72,000. 37.56% of the stock is currently owned by institutional investors.

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.

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