Gamco Investors INC. ET AL Raises Position in CompoSecure, Inc. $CMPO

Key Points

• Gamco Investors INC. ET AL increased its stake in CompoSecure, Inc. by 22.1% during the first quarter, holding about 0.11% of the company with a value of $1.26 million.
• CompoSecure's CFO, Timothy Walter Fitzsimmons, sold 100,000 shares for approximately $1.87 million, while Director Kevin M. Moriarty bought 13,000 shares valued at about $250,640.
• The stock currently has a market cap of $1.96 billion and a consensus rating of "Moderate Buy" with a price target of $17.67 according to analysts.

Gamco Investors INC. ET AL grew its stake in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 22.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 116,000 shares of the company's stock after acquiring an additional 21,000 shares during the period. Gamco Investors INC. ET AL owned about 0.11% of CompoSecure worth $1,261,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Gabelli Funds LLC purchased a new position in CompoSecure during the first quarter valued at approximately $299,000. Jump Financial LLC purchased a new stake in shares of CompoSecure during the first quarter valued at $1,120,000. AlphaQuest LLC purchased a new stake in CompoSecure in the first quarter valued at $72,000. CW Advisors LLC purchased a new stake in CompoSecure in the first quarter valued at $322,000. Finally, Quantbot Technologies LP purchased a new stake in CompoSecure in the first quarter valued at $491,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CMPO shares. 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. reiterated an "underweight" rating and issued a $16.00 price objective on shares of CompoSecure in a report on Wednesday, August 20th. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price target on shares of CompoSecure in a research note on Tuesday, May 13th. 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 given a Sell rating to the stock. Based on data from MarketBeat, CompoSecure currently has an average rating of "Moderate Buy" and an average target price of $17.67.

CompoSecure Trading Down 1.9%

NASDAQ:CMPO traded down $0.36 during midday trading on Thursday, hitting $18.56. 535,923 shares of the company were exchanged, compared to its average volume of 1,199,056. The company has a fifty day simple moving average of $16.26 and a 200 day simple moving average of $13.67. CompoSecure, Inc. has a fifty-two week low of $9.24 and a fifty-two week high of $20.14. The company has a market capitalization of $1.90 billion, a PE ratio of -11.05 and a beta of 0.97.

Insider Activity at CompoSecure

In other CompoSecure news, Director Kevin M. Moriarty acquired 13,000 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were bought at an average cost of $19.28 per share, for a total transaction of $250,640.00. Following the completion of the purchase, the director owned 13,000 shares in the company, valued at $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 hyperlink. Also, CFO Timothy Walter Fitzsimmons sold 100,000 shares of CompoSecure stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $18.74, for a total transaction of $1,874,000.00. Following the completion of the transaction, the chief financial officer owned 759,789 shares in the company, valued at approximately $14,238,445.86. This represents a 11.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 217,125 shares of company stock valued at $4,139,550 over the last quarter. 52.10% of the stock is owned by insiders.

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.