Ancora Advisors LLC Buys New Shares in CompoSecure, Inc. $CMPO

Key Points

• Ancora Advisors LLC has acquired a new stake in CompoSecure, Inc., purchasing 222,851 shares valued at approximately $2.42 million, representing 0.22% of the company's total shares.
• Insider trading activity included Director Kevin M. Moriarty buying 13,000 shares for $250,640, while CFO Timothy Walter Fitzsimmons sold 100,000 shares valued at $1.87 million.
• Several analysts have rated CompoSecure with a “buy” rating, with a consensus price target of $17.67, while its stock opened at $18.56, reflecting a 1-year high of $20.14.

Ancora Advisors LLC acquired a new stake in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 222,851 shares of the company's stock, valued at approximately $2,422,000. Ancora Advisors LLC owned about 0.22% of CompoSecure as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. PDT Partners LLC bought a new position in shares of CompoSecure in the 1st quarter worth $2,157,000. First Manhattan CO. LLC. bought a new position in shares of CompoSecure in the 1st quarter worth $3,136,000. Sculptor Capital LP bought a new position in shares of CompoSecure in the 1st quarter worth $299,000. Corsair Capital Management L.P. bought a new position in shares of CompoSecure in the 1st quarter worth $19,901,000. Finally, State of Wyoming boosted its position in shares of CompoSecure by 17.5% in the 1st quarter. State of Wyoming now owns 120,651 shares of the company's stock worth $1,311,000 after purchasing an additional 18,003 shares during the last quarter. 37.56% of the stock is currently owned by institutional investors.

Insider Transactions at CompoSecure

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

Wall Street Analyst Weigh In

CMPO has been the topic of several recent research reports. Benchmark raised their price target on CompoSecure from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. 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. Wall Street Zen lowered CompoSecure from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $16.00 price objective on shares of CompoSecure in a research note on Wednesday, August 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.67.

CompoSecure Stock Up 2.9%

CompoSecure stock traded up $0.55 during mid-day trading on Wednesday, hitting $19.46. 200,523 shares of the company's stock were exchanged, compared to its average volume of 937,323. The firm has a market capitalization of $1.99 billion, a P/E ratio of -11.57 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. The company's 50 day simple moving average is $16.55 and its 200-day simple moving average is $13.69.

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.