Bwcp LP Buys 72,026 Shares of CompoSecure, Inc. $CMPO

Key Points

• Bwcp LP increased its stake in CompoSecure, Inc. by 10.3%, acquiring an additional 72,026 shares in the first quarter, bringing its total ownership to 773,227 shares.
• Institutional investors collectively own 37.56% of CompoSecure, with Vanguard Group and Locust Wood Capital Advisers significantly increasing their stakes by 65.7% and 60.3%, respectively.
• Analysts' ratings on CompoSecure are mixed, with a consensus of "Moderate Buy" and an average target price of $17.67, while JPMorgan has set a target price of $16.00.

Bwcp LP grew its stake in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 10.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 773,227 shares of the company's stock after acquiring an additional 72,026 shares during the quarter. CompoSecure accounts for 1.7% of Bwcp LP's holdings, making the stock its 24th biggest position. Bwcp LP owned 0.76% of CompoSecure worth $8,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Locust Wood Capital Advisers LLC increased its stake in CompoSecure by 60.3% during the 1st quarter. Locust Wood Capital Advisers LLC now owns 7,339,015 shares of the company's stock worth $79,775,000 after purchasing an additional 2,759,872 shares in the last quarter. Vanguard Group Inc. increased its stake in CompoSecure by 65.7% during the 1st quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company's stock worth $25,407,000 after purchasing an additional 926,389 shares in the last quarter. Tyro Capital Management LLC increased its stake in CompoSecure by 1.2% during the 4th quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company's stock worth $30,952,000 after purchasing an additional 23,468 shares in the last quarter. Corsair Capital Management L.P. bought a new stake in CompoSecure during the 1st quarter worth approximately $19,901,000. Finally, Tidal Investments LLC increased its stake in CompoSecure by 4.3% during the 4th quarter. Tidal Investments LLC now owns 1,604,360 shares of the company's stock worth $24,595,000 after purchasing an additional 66,880 shares in the last quarter. 37.56% of the stock is owned by institutional investors.

CompoSecure Trading Down 0.7%

Shares of CompoSecure stock opened at $18.98 on Wednesday. The stock has a fifty day simple moving average of $16.08 and a 200 day simple moving average of $13.61. CompoSecure, Inc. has a 12-month low of $9.24 and a 12-month high of $20.14. The company has a market capitalization of $1.94 billion, a P/E ratio of -11.30 and a beta of 0.97.

Wall Street Analysts Forecast Growth

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

Insider Transactions at CompoSecure

In related news, Director Rebecca Corbin Loree acquired 5,240 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were acquired at an average price of $19.09 per share, with a total value of $100,031.60. Following the acquisition, the director owned 5,240 shares of the company's stock, valued at approximately $100,031.60. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $18.74, for a total value of $1,874,000.00. Following the sale, the chief financial officer directly owned 759,789 shares in the company, valued at $14,238,445.86. This trade represents a 11.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 217,125 shares of company stock worth $4,139,550 over the last quarter. 52.10% of the stock is currently owned by corporate insiders.

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.

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