Goldman Sachs Group Inc. Has $1.48 Million Stake in CompoSecure, Inc. $CMPO

Key Points

• Goldman Sachs Group Inc. reduced its holdings in CompoSecure, Inc. by 46.8%, owning approximately 0.13% of the company worth $1,484,000 after selling 120,002 shares.
• Several institutional investors increased their stake in CompoSecure, with GAMMA Investing LLC boosting its position by a staggering 1,524.4% during the first quarter.
• Analysts have mixed ratings on CompoSecure, with a consensus price target of $17.67, while B. Riley has set a new target price of $23.00, reflecting an upbeat outlook.

Goldman Sachs Group Inc. decreased its stake in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 46.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 136,522 shares of the company's stock after selling 120,002 shares during the period. Goldman Sachs Group Inc. owned 0.13% of CompoSecure worth $1,484,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CMPO. Locust Wood Capital Advisers LLC increased its holdings in shares of CompoSecure by 60.3% during the 1st quarter. Locust Wood Capital Advisers LLC now owns 7,339,015 shares of the company's stock valued at $79,775,000 after acquiring an additional 2,759,872 shares during the last quarter. Corsair Capital Management L.P. acquired a new stake in CompoSecure in the 1st quarter valued at approximately $19,901,000. Vanguard Group Inc. grew its holdings in CompoSecure by 65.7% in the 1st quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company's stock valued at $25,407,000 after buying an additional 926,389 shares during the last quarter. Bank of America Corp DE grew its holdings in CompoSecure by 449.5% in the 4th quarter. Bank of America Corp DE now owns 651,211 shares of the company's stock valued at $9,983,000 after buying an additional 532,708 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in CompoSecure in the 1st quarter valued at approximately $4,138,000. Institutional investors and hedge funds own 37.56% of the company's stock.

Insider Buying and Selling

In related news, Director Rebecca Corbin Loree bought 5,240 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was acquired at an average price of $19.09 per share, for a total transaction of $100,031.60. Following the transaction, the director directly owned 5,240 shares of the company's stock, valued at $100,031.60. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Gregoire Maes sold 97,226 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $19.36, for a total value of $1,882,295.36. Following the transaction, the chief operating officer owned 779,062 shares of the company's stock, valued at $15,082,640.32. This trade represents a 11.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 217,125 shares of company stock worth $4,139,550 over the last 90 days. Corporate insiders own 52.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMPO. Benchmark raised 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. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $16.00 target price on shares of CompoSecure in a report on Wednesday, August 20th. Finally, B. Riley reaffirmed a "buy" rating and issued a $23.00 target price (up previously from $17.00) on shares of CompoSecure in a report on Monday, August 18th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.67.

CompoSecure Price Performance

Shares of CompoSecure stock traded up $0.06 during midday trading on Tuesday, hitting $20.32. 183,218 shares of the company were exchanged, compared to its average volume of 959,261. The firm has a market cap of $2.08 billion, a P/E ratio of -12.10 and a beta of 0.96. CompoSecure, Inc. has a 52 week low of $9.24 and a 52 week high of $20.86. The firm has a 50 day simple moving average of $17.46 and a 200-day simple moving average of $14.08.

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.