PDT Partners LLC Acquires Shares of 198,394 CompoSecure, Inc. $CMPO

Key Points

• PDT Partners LLC has acquired a new stake in CompoSecure, Inc. by purchasing 198,394 shares valued at approximately $2,157,000, holding about 0.19% of the company.
• Several large investors have increased their positions in CompoSecure, including Wells Fargo, which raised its holdings by 60.9% in the last quarter.
• CompoSecure has a consensus rating of "Moderate Buy" with an average target price of $17.67, despite one analyst having issued a Sell rating.

PDT Partners LLC acquired a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 198,394 shares of the company's stock, valued at approximately $2,157,000. PDT Partners LLC owned approximately 0.19% of CompoSecure as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in CompoSecure by 1,524.4% in the first quarter. GAMMA Investing LLC now owns 2,794 shares of the company's stock valued at $30,000 after purchasing an additional 2,622 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new stake in shares of CompoSecure during the first quarter worth approximately $43,000. AlphaQuest LLC purchased a new stake in shares of CompoSecure during the first quarter worth approximately $72,000. Summit Securities Group LLC purchased a new stake in shares of CompoSecure in the first quarter valued at approximately $107,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in CompoSecure by 71.1% in the first 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 in the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.

CompoSecure Stock Down 0.3%

Shares of CMPO traded down $0.06 during trading hours on Friday, hitting $18.50. 669,306 shares of the company were exchanged, compared to its average volume of 1,194,942. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -11.01 and a beta of 0.97. CompoSecure, Inc. has a fifty-two week low of $9.24 and a fifty-two week high of $20.14. The firm's fifty day moving average is $16.34 and its 200 day moving average is $13.65.

Insiders Place Their Bets

In other news, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $18.74, for a total transaction of $1,874,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Gregoire Maes sold 97,226 shares of the company's stock in a transaction on 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 completion of the transaction, the chief operating officer owned 779,062 shares of the company's stock, valued at $15,082,640.32. This trade represents a 11.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 217,125 shares of company stock valued at $4,139,550 in the last ninety days. 52.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on CMPO. B. Riley reiterated a "buy" rating and set a $23.00 price objective (up previously from $17.00) on shares of CompoSecure in a research report on Monday, August 18th. Needham & Company LLC reissued a "buy" rating and set a $15.00 price target on shares of CompoSecure in a research report on Tuesday, May 13th. Benchmark raised their price target on CompoSecure from $14.00 to $17.00 and gave the company a "buy" rating in a report on Friday, August 8th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $16.00 price target on shares of CompoSecure in a research note on Wednesday, August 20th. Finally, Wall Street Zen lowered CompoSecure from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.67.

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.