27,500 Shares in CompoSecure, Inc. $CMPO Acquired by Sculptor Capital LP

Key Points

• Sculptor Capital LP has acquired 27,500 shares of CompoSecure, Inc., worth approximately $299,000, marking a new investment in the company.
• Several large institutional investors, including Wells Fargo and Barclays PLC, have increased their stakes in CompoSecure, indicating strong interest in the stock.
• CompoSecure maintains a consensus rating of "Moderate Buy" with a price target of $17.67 according to various analysts, while its stock has seen a 52-week high of $20.14.

Sculptor Capital LP bought a new position in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,500 shares of the company's stock, valued at approximately $299,000.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of CompoSecure by 449.5% in the 4th quarter. Bank of America Corp DE now owns 651,211 shares of the company's stock worth $9,983,000 after purchasing an additional 532,708 shares during the last quarter. Squarepoint Ops LLC grew its holdings in CompoSecure by 29.7% during the 4th quarter. Squarepoint Ops LLC now owns 270,145 shares of the company's stock worth $4,141,000 after acquiring an additional 61,928 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in CompoSecure by 82.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 62,563 shares of the company's stock worth $684,000 after acquiring an additional 28,281 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in CompoSecure during the 1st quarter worth about $726,000. Finally, Northern Trust Corp grew its holdings in CompoSecure by 14.1% during the 4th quarter. Northern Trust Corp now owns 242,854 shares of the company's stock worth $3,723,000 after acquiring an additional 30,086 shares during the last quarter. Institutional investors own 37.56% of the company's stock.

Insider Activity

In other CompoSecure news, Director Kevin M. Moriarty bought 13,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average cost of $19.28 per share, with a total value of $250,640.00. Following the purchase, the director owned 13,000 shares in the company, valued at $250,640. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was 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 approximately $14,238,445.86. The trade was a 11.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 217,125 shares of company stock valued at $4,139,550. Insiders own 52.10% of the company's stock.

CompoSecure Trading Down 0.3%

Shares of NASDAQ:CMPO traded down $0.06 during mid-day trading on Wednesday, reaching $18.92. The stock had a trading volume of 805,833 shares, compared to its average volume of 949,028. The firm has a market cap of $1.94 billion, a PE ratio of -11.26 and a beta of 0.97. The firm has a 50 day simple moving average of $16.08 and a two-hundred day simple moving average of $13.61. CompoSecure, Inc. has a twelve month low of $9.24 and a twelve month high of $20.14.

Wall Street Analyst Weigh In

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