Russell Investments Group Ltd. Trims Position in CompoSecure, Inc. $CMPO

Key Points

• Russell Investments Group Ltd. reduced its stake in CompoSecure, Inc. by 35.7%, selling 60,084 shares during the first quarter, leaving it with 108,029 shares valued at approximately $1.17 million.
• Multiple institutional investors, including Vanguard Group Inc. and Locust Wood Capital Advisers LLC, significantly increased their stakes in CompoSecure, with Vanguard raising its holdings by 65.7%.
• Wall Street analysts generally favor CompoSecure, with a consensus rating of "Moderate Buy" and a target price averaging around $17.67, highlighting differing perspectives among brokerages.

Russell Investments Group Ltd. lessened its holdings in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 35.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,029 shares of the company's stock after selling 60,084 shares during the period. Russell Investments Group Ltd. owned approximately 0.11% of CompoSecure worth $1,174,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMPO. GAMMA Investing LLC grew its position in shares of 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 during the period. MorganRosel Wealth Management LLC bought a new position in shares of CompoSecure during the first quarter valued at about $43,000. Price T Rowe Associates Inc. MD purchased a new position in shares of CompoSecure in the fourth quarter worth about $156,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in CompoSecure by 71.1% during the first 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 in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in CompoSecure by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,339 shares of the company's stock valued at $123,000 after purchasing an additional 1,138 shares during the last quarter. 37.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CMPO has been the topic of several research analyst reports. Wall Street Zen cut shares of CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $16.00 target price on shares of CompoSecure in a research report on Wednesday, August 20th. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price target on shares of CompoSecure in a research report on Tuesday, May 13th. Benchmark increased their target price on CompoSecure from $14.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, B. Riley reissued a "buy" rating and set a $23.00 target price (up previously from $17.00) on shares of CompoSecure in a research 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.67.

Insider Transactions at CompoSecure

In other CompoSecure news, Director Kevin M. Moriarty purchased 13,000 shares of CompoSecure stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average price 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 approximately $250,640. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Gregoire Maes sold 97,226 shares of CompoSecure stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $19.36, for a total transaction of $1,882,295.36. Following the completion of the transaction, the chief operating officer directly owned 779,062 shares in the company, valued at $15,082,640.32. This trade represents a 11.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 217,125 shares of company stock worth $4,139,550 in the last 90 days. Company insiders own 52.10% of the company's stock.

CompoSecure Stock Down 1.2%

Shares of CompoSecure stock traded down $0.23 during midday trading on Tuesday, hitting $18.89. The company's stock had a trading volume of 410,966 shares, compared to its average volume of 947,305. CompoSecure, Inc. has a 1-year low of $9.24 and a 1-year high of $20.14. The stock has a 50-day simple moving average of $15.99 and a 200-day simple moving average of $13.57. The firm has a market capitalization of $1.93 billion, a P/E ratio of -11.24 and a beta of 0.96.

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.