45,175 Shares in CompoSecure, Inc. $CMPO Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP purchased 45,175 shares of CompoSecure, Inc. for approximately $491,000 during the first quarter.
• Multiple institutional investors, including Summit Securities, Nuveen LLC, and Locust Wood Capital Advisers, have made significant investments in CompoSecure, with institutional ownership now at 37.56%.
• CompoSecure's CFO and COO have both sold substantial amounts of stock recently, indicating a decrease in insider ownership amidst ongoing trading activity.

Quantbot Technologies LP acquired a new stake in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 45,175 shares of the company's stock, valued at approximately $491,000.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of CompoSecure by 1,524.4% in the 1st 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 during the period. MorganRosel Wealth Management LLC acquired a new position in shares of CompoSecure in the first quarter worth about $43,000. Summit Securities Group LLC acquired a new position in shares of CompoSecure in the first quarter worth about $107,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of CompoSecure during the 4th quarter worth about $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of CompoSecure by 71.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,547 shares of the company's stock valued at $115,000 after acquiring an additional 4,384 shares during the period. Hedge funds and other institutional investors own 37.56% of the company's stock.

Insiders Place Their Bets

In other CompoSecure news, COO Gregoire Maes sold 97,226 shares of CompoSecure stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $19.36, for a total transaction of $1,882,295.36. Following the completion of the sale, the chief operating officer directly owned 779,062 shares in the company, valued at $15,082,640.32. This trade represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin M. Moriarty purchased 13,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were purchased at an average price of $19.28 per share, for a total transaction of $250,640.00. Following the completion of the purchase, the director directly owned 13,000 shares of the company's stock, valued at $250,640. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 217,125 shares of company stock valued at $4,139,550 over the last 90 days. 52.10% of the stock is owned by company insiders.

CompoSecure Stock Performance

Shares of NASDAQ CMPO traded down $0.63 during midday trading on Friday, reaching $19.12. 874,733 shares of the stock were exchanged, compared to its average volume of 1,213,751. The company has a 50 day simple moving average of $15.89 and a 200 day simple moving average of $13.55. The stock has a market capitalization of $1.96 billion, a P/E ratio of -11.38 and a beta of 0.96. CompoSecure, Inc. has a twelve month low of $9.24 and a twelve month high of $20.14.

Analyst Ratings Changes

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

CompoSecure 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.