Steamboat Capital Partners LLC Sells 848,659 Shares of CompoSecure, Inc. $CMPO

Key Points

• Steamboat Capital Partners LLC reduced its holdings in CompoSecure, Inc. by 51.3% in the first quarter, trimming down to 804,743 shares, which now represent about 2.7% of its portfolio.
• Wall Street analysts currently show a consensus rating of "Moderate Buy" for CompoSecure stock, with an average price target of $17.67.
• Insider sales have occurred recently, with CFO Timothy Walter Fitzsimmons selling 100,000 shares and COO Gregoire Maes selling 97,226 shares, indicating a decrease in their ownership stakes.

Steamboat Capital Partners LLC trimmed its stake in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 51.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 804,743 shares of the company's stock after selling 848,659 shares during the quarter. CompoSecure comprises 2.7% of Steamboat Capital Partners LLC's portfolio, making the stock its 16th largest position. Steamboat Capital Partners LLC owned about 0.79% of CompoSecure worth $8,748,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of CompoSecure by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,339 shares of the company's stock worth $123,000 after purchasing an additional 1,138 shares during the period. Pacific Ridge Capital Partners LLC increased its position in CompoSecure by 2.6% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 57,015 shares of the company's stock worth $620,000 after purchasing an additional 1,440 shares in the last quarter. Delta Financial Group Inc. raised its holdings in CompoSecure by 11.6% in the first quarter. Delta Financial Group Inc. now owns 14,400 shares of the company's stock valued at $166,000 after buying an additional 1,500 shares during the period. OneDigital Investment Advisors LLC raised its holdings in CompoSecure by 4.6% in the first quarter. OneDigital Investment Advisors LLC now owns 47,566 shares of the company's stock valued at $517,000 after buying an additional 2,109 shares during the period. Finally, First Trust Advisors LP grew its stake in CompoSecure by 2.2% during the fourth quarter. First Trust Advisors LP now owns 100,124 shares of the company's stock worth $1,535,000 after buying an additional 2,149 shares during the period. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

CompoSecure Stock Down 0.3%

NASDAQ CMPO traded down $0.06 during trading hours on Wednesday, hitting $18.92. The company had a trading volume of 805,833 shares, compared to its average volume of 1,173,975. CompoSecure, Inc. has a fifty-two week low of $9.24 and a fifty-two week high of $20.14. The business has a fifty day simple moving average of $16.08 and a 200-day simple moving average of $13.61. The firm has a market cap of $1.94 billion, a P/E ratio of 19.31 and a beta of 0.97.

Insiders Place Their Bets

In related news, COO Gregoire Maes sold 97,226 shares of CompoSecure stock in a transaction dated 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 transaction, the chief operating officer directly owned 779,062 shares of the company's stock, valued at $15,082,640.32. The trade was a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rebecca Corbin Loree bought 5,240 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were purchased at an average cost of $19.09 per share, for a total transaction of $100,031.60. Following the completion of the acquisition, the director owned 5,240 shares of the company's stock, valued at $100,031.60. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 217,125 shares of company stock valued at $4,139,550 over the last three months. 52.10% of the stock is currently owned by company insiders.

CompoSecure 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.