Alyeska Investment Group L.P. Purchases 61,452 Shares of CompoSecure, Inc. $CMPO

Key Points

• Alyeska Investment Group L.P. has increased its stake in CompoSecure, Inc. by 20.8%, now owning 356,556 shares valued at approximately $3.9 million.
• Insider trading activity included CFO Timothy Walter Fitzsimmons selling 100,000 shares for about $1.87 million, while Director Kevin M. Moriarty purchased 13,000 shares for around $250,640.
• Analysts have mixed ratings for CompoSecure, with five analysts rating it as a Buy and one as a Sell, leading to a consensus target price of $17.67.

Alyeska Investment Group L.P. lifted its position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 20.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 356,556 shares of the company's stock after buying an additional 61,452 shares during the period. Alyeska Investment Group L.P. owned about 0.35% of CompoSecure worth $3,876,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMPO. 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 acquiring an additional 2,622 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in shares of CompoSecure in the first quarter valued at approximately $43,000. AlphaQuest LLC bought a new stake in shares of CompoSecure in the first quarter worth $72,000. Summit Securities Group LLC acquired a new position in CompoSecure during the first quarter worth $107,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in CompoSecure by 71.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,547 shares of the company's stock valued at $115,000 after purchasing an additional 4,384 shares in the last quarter. Institutional investors and hedge funds own 37.56% of the company's stock.

CompoSecure Trading Down 0.2%

Shares of CMPO traded down $0.03 during mid-day trading on Thursday, reaching $19.22. The company's stock had a trading volume of 3,648,297 shares, compared to its average volume of 933,685. CompoSecure, Inc. has a 1-year low of $9.24 and a 1-year high of $20.14. The business has a 50-day simple moving average of $16.73 and a two-hundred day simple moving average of $13.75. The stock has a market cap of $1.97 billion, a P/E ratio of -11.44 and a beta of 0.97.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. B. Riley restated a "buy" rating and issued a $23.00 price objective (up previously from $17.00) on shares of CompoSecure in a report on Monday, August 18th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $16.00 target price on shares of CompoSecure in a report on Wednesday, August 20th. Finally, Benchmark increased their price target on CompoSecure from $14.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, CompoSecure currently has an average rating of "Moderate Buy" and a consensus price target of $17.67.

Insiders Place Their Bets

In related news, Director Kevin M. Moriarty bought 13,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was bought at an average price of $19.28 per share, for a total transaction of $250,640.00. Following the purchase, the director owned 13,000 shares in the company, valued at $250,640. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Timothy Walter Fitzsimmons sold 100,000 shares of CompoSecure stock in a transaction dated 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 sale, the chief financial officer directly owned 759,789 shares of the company's stock, valued at $14,238,445.86. The trade was a 11.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 217,125 shares of company stock worth $4,139,550. Company insiders own 52.10% of the company's stock.

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.