103,018 Shares in CompoSecure, Inc. $CMPO Purchased by Jump Financial LLC

Key Points

• Jump Financial LLC has acquired a new stake of 103,018 shares in CompoSecure, Inc., valued at approximately $1.12 million, bringing its total ownership to about 0.10% as of the end of the most recent reporting period.
• Equities analysts have raised price targets for CompoSecure, with Benchmark setting a new target of $17.00 and B. Riley raising it to $23.00, reflecting a generally positive outlook on the stock.
• Insider transactions showed a significant sell-off, with CFO Timothy Walter Fitzsimmons and COO Gregoire Maes selling a total of 197,226 shares, representing decreases in their holdings of 11.63% and 11.10%, respectively.

Jump Financial LLC acquired a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 103,018 shares of the company's stock, valued at approximately $1,120,000. Jump Financial LLC owned about 0.10% of CompoSecure as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of CompoSecure by 1,524.4% in the first quarter. GAMMA Investing LLC now owns 2,794 shares of the company's stock worth $30,000 after purchasing an additional 2,622 shares in the last quarter. MorganRosel Wealth Management LLC bought a new stake in shares of CompoSecure in the 1st quarter worth approximately $43,000. AlphaQuest LLC bought a new stake in shares of CompoSecure in the 1st quarter worth approximately $72,000. Summit Securities Group LLC bought a new stake in shares of CompoSecure in the 1st quarter worth approximately $107,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of CompoSecure by 71.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,547 shares of the company's stock worth $115,000 after acquiring an additional 4,384 shares during the last quarter. Hedge funds and other institutional investors own 37.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CMPO shares. Benchmark lifted their target price on shares of CompoSecure from $14.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $16.00 target price on shares of CompoSecure in a research note on Wednesday, August 20th. B. Riley reaffirmed a "buy" rating and issued a $23.00 target price (up from $17.00) on shares of CompoSecure in a research note on Monday, August 18th. Wall Street Zen downgraded shares of 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 target price on shares of CompoSecure in a research note on Tuesday, May 13th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $17.67.

CompoSecure Price Performance

CompoSecure stock traded down $0.21 during mid-day trading on Wednesday, reaching $18.77. 203,891 shares of the company traded hands, compared to its average volume of 945,333. The firm's 50 day moving average price is $16.08 and its 200 day moving average price is $13.61. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of -11.18 and a beta of 0.97. CompoSecure, Inc. has a 52-week low of $9.24 and a 52-week high of $20.14.

Insider Buying and Selling at CompoSecure

In other news, COO Gregoire Maes sold 97,226 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $19.36, for a total value of $1,882,295.36. Following the sale, the chief operating officer directly owned 779,062 shares of the company's stock, valued at $15,082,640.32. This represents a 11.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin M. Moriarty bought 13,000 shares of CompoSecure stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average cost of $19.28 per share, for a total transaction of $250,640.00. Following the completion of the transaction, the director directly owned 13,000 shares in the company, valued at approximately $250,640. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 217,125 shares of company stock valued at $4,139,550 over the last 90 days. 52.10% of the stock is owned by corporate 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.