Otter Creek Advisors LLC Has $4.89 Million Position in CompoSecure, Inc. $CMPO

Key Points

• Otter Creek Advisors LLC increased its position in CompoSecure, Inc. by 129.4% in Q2, holding 347,364 shares valued at approximately $4.89 million.
• Insider transactions included COO Gregoire Maes and CFO Timothy Walter Fitzsimmons selling a combined 197,226 shares, reflecting decreases in their ownership stakes of approximately 11.1% and 11.6%, respectively.
• Research analysts have mixed ratings for CompoSecure, with a consensus of "Moderate Buy" and a price target range between $16.00 and $24.00.

Otter Creek Advisors LLC lifted its holdings in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 129.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 347,364 shares of the company's stock after purchasing an additional 195,924 shares during the quarter. CompoSecure accounts for about 3.5% of Otter Creek Advisors LLC's investment portfolio, making the stock its 3rd biggest holding. Otter Creek Advisors LLC owned 0.34% of CompoSecure worth $4,894,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CMPO. GAMMA Investing LLC raised 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 during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of CompoSecure in the first quarter worth $726,000. Blue Trust Inc. purchased a new position in shares of CompoSecure in the first quarter worth $204,000. Allspring Global Investments Holdings LLC raised its stake in shares of CompoSecure by 82.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 62,563 shares of the company's stock worth $684,000 after purchasing an additional 28,281 shares during the last quarter. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of CompoSecure in the first quarter worth $43,000. Hedge funds and other institutional investors own 37.56% of the company's stock.

Insider Transactions at CompoSecure

In related news, COO Gregoire Maes sold 97,226 shares of the company's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $19.36, for a total transaction of $1,882,295.36. Following the completion of the sale, the chief operating officer owned 779,062 shares in the company, valued at approximately $15,082,640.32. This represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the business's 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 directly owned 759,789 shares of the company's stock, valued at $14,238,445.86. This represents a 11.63% decrease in their position. 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 three months. 52.10% of the stock is owned by insiders.

CompoSecure Stock Performance

CompoSecure stock opened at $19.63 on Friday. The stock has a market cap of $2.01 billion, a PE ratio of -11.69 and a beta of 0.97. CompoSecure, Inc. has a one year low of $9.24 and a one year high of $21.00. The stock has a fifty day moving average of $19.61 and a 200 day moving average of $15.24.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. restated an "underweight" rating and issued a $16.00 price target on shares of CompoSecure in a research note on Wednesday, August 20th. Benchmark boosted their price target on CompoSecure from $17.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, B. Riley restated a "buy" rating and issued a $23.00 price target (up previously from $17.00) on shares of CompoSecure in a research note on Monday, August 18th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.83.

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.

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