27,500 Shares in CompoSecure, Inc. $CMPO Purchased by Gabelli Funds LLC

Key Points

• Gabelli Funds LLC recently acquired 27,500 shares of CompoSecure, Inc. (NASDAQ:CMPO), worth approximately $299,000, indicating growing institutional interest in the company.
• COO Gregoire Maes sold 97,226 shares valued over $1.88 million, reducing his ownership by 11.10%, while Director Kevin M. Moriarty purchased 13,000 shares worth around $250,640.
• Analysts maintain a mixed outlook on CompoSecure, with five analysts rating it as a Buy and one as a Sell, while the average target price is set at $17.67.

Gabelli Funds LLC bought a new stake in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,500 shares of the company's stock, valued at approximately $299,000.

Several other hedge funds also recently made changes to their positions in CMPO. GAMMA Investing LLC grew its holdings in shares of CompoSecure by 1,524.4% during the first quarter. GAMMA Investing LLC now owns 2,794 shares of the company's stock worth $30,000 after purchasing an additional 2,622 shares during the last quarter. MorganRosel Wealth Management LLC purchased a new position in shares of CompoSecure during the first quarter worth about $43,000. AlphaQuest LLC purchased a new position in shares of CompoSecure during the first quarter worth about $72,000. Summit Securities Group LLC acquired a new stake in shares of CompoSecure during the first quarter worth about $107,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of CompoSecure by 71.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,547 shares of the company's stock worth $115,000 after buying an additional 4,384 shares during the last quarter. Hedge funds and other institutional investors own 37.56% of the company's stock.

CompoSecure Stock Down 1.9%

Shares of CompoSecure stock traded down $0.36 during trading on Thursday, hitting $18.56. 535,923 shares of the company were exchanged, compared to its average volume of 946,569. The firm has a 50 day moving average price of $16.17 and a 200 day moving average price of $13.65. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -11.05 and a beta of 0.97. CompoSecure, Inc. has a fifty-two week low of $9.24 and a fifty-two week high of $20.14.

Insider Activity at CompoSecure

In other CompoSecure news, Director Kevin M. Moriarty purchased 13,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $19.28 per share, with a total value of $250,640.00. Following the transaction, the director owned 13,000 shares in the company, valued at approximately $250,640. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rebecca Corbin Loree purchased 5,240 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were acquired at an average cost of $19.09 per share, with a total value of $100,031.60. Following the completion of the transaction, the director owned 5,240 shares in the company, valued at $100,031.60. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 217,125 shares of company stock valued at $4,139,550 over the last quarter. 52.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.