Quantbot Technologies LP Takes Position in CompoSecure, Inc. $CMPO

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 SEC. The institutional investor acquired 45,175 shares of the company's stock, valued at approximately $491,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in 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 last quarter. MorganRosel Wealth Management LLC acquired a new position in CompoSecure in the 1st quarter valued at approximately $43,000. Summit Securities Group LLC acquired a new position in CompoSecure in the 1st quarter valued at approximately $107,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in CompoSecure by 71.1% in 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. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in CompoSecure by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,339 shares of the company's stock valued at $123,000 after acquiring an additional 1,138 shares during the period. Institutional investors own 37.56% of the company's stock.

CompoSecure Stock Down 0.5%

NASDAQ:CMPO traded down $0.10 during trading hours on Thursday, reaching $19.75. The company had a trading volume of 997,568 shares, compared to its average volume of 1,224,793. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of -11.76 and a beta of 0.94. The business's 50-day simple moving average is $15.78 and its two-hundred day simple moving average is $13.55. CompoSecure, Inc. has a twelve month low of $9.24 and a twelve month high of $20.14.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Kevin M. Moriarty purchased 13,000 shares of CompoSecure stock in a transaction on Wednesday, August 13th. The stock was acquired at an average cost of $19.28 per share, for a total transaction of $250,640.00. Following the completion of the acquisition, the director owned 13,000 shares of the company's stock, valued at $250,640. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $18.74, for a total transaction of $1,874,000.00. Following the completion of the sale, the chief financial officer owned 759,789 shares of the company's stock, valued at $14,238,445.86. The trade was a 11.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 217,125 shares of company stock worth $4,139,550. 52.10% of the stock is currently owned by company insiders.

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.