CompoSecure, Inc. $CMPO Shares Bought by State of Wyoming

Key Points

• The State of Wyoming increased its stake in CompoSecure, Inc. by 17.5% during the first quarter, now holding approximately $1.3 million worth of shares.
• Research analysts have given CompoSecure a consensus rating of "Moderate Buy" with a target price averaging $17.67, reflecting optimism about its growth potential.
• Insider activity includes Director Kevin M. Moriarty acquiring 13,000 shares at $19.28 each, while CFO Timothy Walter Fitzsimmons sold 100,000 shares at $18.74, indicating varied confidence among executives.

State of Wyoming increased its holdings in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,651 shares of the company's stock after purchasing an additional 18,003 shares during the quarter. State of Wyoming owned approximately 0.12% of CompoSecure worth $1,311,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CMPO. GAMMA Investing LLC lifted its stake 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 buying an additional 2,622 shares during the last quarter. MorganRosel Wealth Management LLC purchased a new stake in CompoSecure in the first quarter valued at approximately $43,000. AlphaQuest LLC purchased a new stake in CompoSecure in the first quarter valued at approximately $72,000. Summit Securities Group LLC purchased a new stake in CompoSecure in the first quarter valued at approximately $107,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CompoSecure by 71.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,547 shares of the company's stock valued at $115,000 after buying an additional 4,384 shares during the last quarter. Hedge funds and other institutional investors own 37.56% of the company's stock.

CompoSecure Price Performance

Shares of NASDAQ:CMPO traded down $0.15 during trading on Tuesday, reaching $18.98. The company had a trading volume of 615,530 shares, compared to its average volume of 948,148. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -11.29 and a beta of 0.96. The stock's fifty day moving average price is $15.99 and its 200 day moving average price is $13.57. CompoSecure, Inc. has a fifty-two week low of $9.24 and a fifty-two week high of $20.14.

Insiders Place Their Bets

In other CompoSecure news, Director Kevin M. Moriarty acquired 13,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average price of $19.28 per share, with a total value of $250,640.00. Following the completion of the acquisition, the director directly owned 13,000 shares of the company's stock, valued at approximately $250,640. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the company's stock in a transaction 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 transaction, the chief financial officer directly owned 759,789 shares in the company, valued at $14,238,445.86. This represents a 11.63% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 217,125 shares of company stock worth $4,139,550. Insiders own 52.10% of the company's stock.

Analyst Upgrades and Downgrades

CMPO has been the subject of a number of research reports. 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 note on Monday, August 18th. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 price objective on shares of CompoSecure in a research note on Tuesday, May 13th. Wall Street Zen cut CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Benchmark boosted their price objective on CompoSecure from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $16.00 target price on shares of CompoSecure in a report on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, 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.