Truist Financial Corp Reduces Stock Holdings in CompoSecure, Inc. $CMPO

Key Points

• Truist Financial Corp has reduced its stake in CompoSecure, Inc. by 23.8%, owning 45,350 shares valued at $639,000 after selling 14,143 shares in the second quarter.
• Several hedge funds increased their positions in CompoSecure, with GAMMA Investing LLC raising its stake by an impressive 1,524.4% during the first quarter.
• Analysts have given CompoSecure a consensus rating of "Moderate Buy" with a target price of $17.67, reflecting a positive outlook despite mixed individual ratings from different firms.

Truist Financial Corp lessened its stake in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 23.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,350 shares of the company's stock after selling 14,143 shares during the quarter. Truist Financial Corp's holdings in CompoSecure were worth $639,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of CompoSecure by 1,524.4% during 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 during the period. MorganRosel Wealth Management LLC purchased a new stake in shares of CompoSecure during the first quarter valued at approximately $43,000. AlphaQuest LLC purchased a new stake in shares of CompoSecure during the first quarter valued at approximately $72,000. Summit Securities Group LLC purchased a new stake in shares of CompoSecure during the first quarter valued at approximately $107,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of CompoSecure by 71.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,547 shares of the company's stock valued at $115,000 after purchasing an additional 4,384 shares during the period. Hedge funds and other institutional investors own 37.56% of the company's stock.

Insider Transactions at CompoSecure

In other news, Director Rebecca Corbin Loree purchased 5,240 shares of the stock in a transaction dated Friday, August 29th. The stock was acquired at an average cost of $19.09 per share, for a total transaction of $100,031.60. Following the acquisition, the director owned 5,240 shares of the company's stock, valued at $100,031.60. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Gregoire Maes sold 97,226 shares of the business's stock in a transaction that occurred 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 217,125 shares of company stock valued at $4,139,550 over the last 90 days. Insiders own 52.10% of the company's stock.

Wall Street Analyst Weigh In

CMPO has been the topic of several analyst reports. B. Riley restated a "buy" rating and set a $23.00 price objective (up from $17.00) on shares of CompoSecure in a report on Monday, August 18th. Benchmark lifted their price objective on CompoSecure from $14.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $16.00 price objective on shares of CompoSecure in a report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, CompoSecure currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.67.

CompoSecure Trading Up 2.9%

Shares of NASDAQ CMPO opened at $20.46 on Wednesday. CompoSecure, Inc. has a twelve month low of $9.24 and a twelve month high of $21.00. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -12.18 and a beta of 0.97. The business has a 50 day simple moving average of $19.34 and a 200-day simple moving average of $15.08.

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.

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