Zuckerman Investment Group LLC Boosts Stock Position in CompoSecure, Inc. $CMPO

Key Points

• Zuckerman Investment Group LLC increased its stake in CompoSecure, Inc. by 1.6%, holding over 1.5 million shares valued at approximately $16.8 million.
• Institutional investors own about 37.56% of CompoSecure's stock, with several hedge funds significantly increasing their holdings in the 1st quarter.
• CompoSecure's average rating is currently "Moderate Buy" with an average target price of $17.67, despite varying ratings from different analysts.

Zuckerman Investment Group LLC grew its holdings in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,549,632 shares of the company's stock after purchasing an additional 24,425 shares during the quarter. CompoSecure makes up approximately 1.8% of Zuckerman Investment Group LLC's holdings, making the stock its 22nd biggest position. Zuckerman Investment Group LLC owned about 1.51% of CompoSecure worth $16,844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Gamco Investors INC. ET AL increased its position in shares of CompoSecure by 22.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 116,000 shares of the company's stock valued at $1,261,000 after purchasing an additional 21,000 shares during the last quarter. Gabelli Funds LLC purchased a new stake in shares of CompoSecure during the 1st quarter valued at about $299,000. Jump Financial LLC purchased a new stake in shares of CompoSecure during the 1st quarter valued at about $1,120,000. AlphaQuest LLC purchased a new stake in CompoSecure in the 1st quarter worth approximately $72,000. Finally, CW Advisors LLC purchased a new stake in CompoSecure in the 1st quarter worth approximately $322,000. Hedge funds and other institutional investors own 37.56% of the company's stock.

Insider Buying and Selling at CompoSecure

In other CompoSecure news, COO Gregoire Maes sold 97,226 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $19.36, for a total transaction of $1,882,295.36. Following the completion of the sale, the chief operating officer directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kevin M. Moriarty bought 13,000 shares of the business's 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 completion of the acquisition, the director owned 13,000 shares of the company's stock, valued at $250,640. This represents a ∞ increase in their position. 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 in the last three months. 52.10% of the stock is currently owned by corporate insiders.

CompoSecure Stock Performance

CMPO traded down $0.10 during trading on Thursday, reaching $19.75. 997,568 shares of the company traded hands, compared to its average volume of 1,224,793. CompoSecure, Inc. has a 12-month low of $9.24 and a 12-month high of $20.14. The firm has a fifty day simple moving average of $15.78 and a 200 day simple moving average of $13.55. The company has a market cap of $2.02 billion, a P/E ratio of -11.76 and a beta of 0.94.

Analysts Set New Price Targets

CMPO has been the subject of several analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $15.00 target price on shares of CompoSecure in a report on Tuesday, May 13th. B. Riley reissued a "buy" rating and issued a $23.00 target price (up from $17.00) on shares of CompoSecure in a report on Monday, August 18th. 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. Benchmark increased their target price on shares of CompoSecure from $14.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Wall Street Zen lowered shares of CompoSecure from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.67.

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.