CW Advisors LLC Buys New Position in CompoSecure, Inc. $CMPO

Key Points

• CW Advisors LLC has acquired a new stake in CompoSecure, Inc. ($CMPO) worth approximately $322,000, purchasing 28,800 shares during the first quarter.
• Multiple institutional investors, including Wells Fargo and Legal & General Group, significantly increased their positions in CompoSecure during the last quarter, with institutional ownership now at 37.56%.
• Analysts have varied opinions on CompoSecure, with ratings ranging from a "buy" to an "underweight," and a consensus price target of $17.67.

CW Advisors LLC bought a new stake in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 28,800 shares of the company's stock, valued at approximately $322,000.

A number of other institutional investors have also bought and sold shares of CMPO. Quantbot Technologies LP bought a new position in shares of CompoSecure during the 1st quarter valued at about $491,000. Summit Securities Group LLC bought a new stake in shares of CompoSecure during the first quarter valued at approximately $107,000. Nuveen LLC bought a new stake in shares of CompoSecure during the first quarter valued at approximately $855,000. Invesco Ltd. raised its stake in shares of CompoSecure by 11.9% during the first quarter. Invesco Ltd. now owns 808,830 shares of the company's stock valued at $8,792,000 after acquiring an additional 85,708 shares in the last quarter. Finally, Locust Wood Capital Advisers LLC increased its holdings in CompoSecure by 60.3% during the first quarter. Locust Wood Capital Advisers LLC now owns 7,339,015 shares of the company's stock valued at $79,775,000 after buying an additional 2,759,872 shares during the period. Hedge funds and other institutional investors own 37.56% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on CMPO. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of CompoSecure in a research note on Tuesday, May 13th. B. Riley reiterated a "buy" rating and issued a $23.00 price objective (up previously from $17.00) on shares of CompoSecure in a research report on Monday, August 18th. Benchmark upped their price target on shares of CompoSecure from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. 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, Wall Street Zen cut shares of CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.67.

CompoSecure Stock Down 1.1%

CompoSecure stock traded down $0.21 during mid-day trading on Tuesday, reaching $18.91. 447,865 shares of the company's stock were exchanged, compared to its average volume of 947,466. CompoSecure, Inc. has a twelve month low of $9.24 and a twelve month high of $20.14. The company has a fifty day moving average of $15.99 and a 200-day moving average of $13.57. The company has a market cap of $1.94 billion, a P/E ratio of -11.25 and a beta of 0.96.

Insider Buying and Selling at CompoSecure

In other news, CFO Timothy Walter Fitzsimmons sold 100,000 shares of CompoSecure stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $18.74, for a total value of $1,874,000.00. Following the sale, the chief financial officer owned 759,789 shares of the company's stock, valued at $14,238,445.86. The trade was a 11.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rebecca Corbin Loree acquired 5,240 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were bought at an average cost of $19.09 per share, for a total transaction of $100,031.60. Following the acquisition, the director owned 5,240 shares of the company's stock, valued at $100,031.60. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 217,125 shares of company stock valued at $4,139,550. Company insiders own 52.10% of the company's stock.

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.