CompoSecure, Inc. (NASDAQ:CMPO) Director Buys $250,640.00 in Stock

Key Points

• Kevin M. Moriarty, a director at CompoSecure, Inc. (NASDAQ:CMPO), purchased 13,000 shares of stock at an average price of $19.28, totaling $250,640, boosting his ownership significantly.
• CompoSecure recently reported quarterly earnings of $0.25 EPS, exceeding analysts' estimates, and has a market capitalization of $1.97 billion.
• Analysts have varying ratings on CompoSecure, with some upgrading price targets and others downgrading ratings, resulting in an average price target of $17.07 and a consensus rating of "Moderate Buy."

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) Director Kevin M. Moriarty purchased 13,000 shares of the stock in a transaction 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 acquisition, the director directly owned 13,000 shares in the company, valued at $250,640. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CompoSecure Trading Up 1.7%

Shares of NASDAQ:CMPO traded up $0.32 on Monday, reaching $18.89. 109,040 shares of the company were exchanged, compared to its average volume of 934,427. CompoSecure, Inc. has a 1-year low of $9.24 and a 1-year high of $19.60. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of -11.24 and a beta of 0.94. The company has a 50-day moving average of $14.80 and a 200-day moving average of $13.29.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of CompoSecure by 449.5% during the 4th quarter. Bank of America Corp DE now owns 651,211 shares of the company's stock worth $9,983,000 after acquiring an additional 532,708 shares during the period. Squarepoint Ops LLC raised its holdings in CompoSecure by 29.7% in the fourth quarter. Squarepoint Ops LLC now owns 270,145 shares of the company's stock valued at $4,141,000 after buying an additional 61,928 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in CompoSecure by 82.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 62,563 shares of the company's stock valued at $684,000 after buying an additional 28,281 shares during the period. Janney Montgomery Scott LLC purchased a new position in CompoSecure in the first quarter valued at approximately $726,000. Finally, Northern Trust Corp raised its holdings in CompoSecure by 14.1% in the fourth quarter. Northern Trust Corp now owns 242,854 shares of the company's stock valued at $3,723,000 after buying an additional 30,086 shares during the period. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CMPO shares. Needham & Company LLC restated a "buy" rating and set a $15.00 price objective on shares of CompoSecure in a research report on Tuesday, May 13th. B. Riley reiterated a "buy" rating and issued a $23.00 price target (up previously from $17.00) on shares of CompoSecure in a research report on Monday. Benchmark upped their price target 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $17.07.

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.