Ritholtz Wealth Management Acquires 4,685 Shares of CompoSecure, Inc. $CMPO

Ritholtz Wealth Management raised its holdings in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 11.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,505 shares of the company’s stock after acquiring an additional 4,685 shares during the quarter. Ritholtz Wealth Management’s holdings in CompoSecure were worth $641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CMPO. GAMMA Investing LLC raised its holdings in CompoSecure by 1,524.4% during the 1st quarter. GAMMA Investing LLC now owns 2,794 shares of the company’s stock valued at $30,000 after acquiring an additional 2,622 shares during the period. MorganRosel Wealth Management LLC bought a new stake in CompoSecure during the 1st quarter valued at $43,000. AlphaQuest LLC bought a new stake in CompoSecure during the 1st quarter valued at $72,000. Summit Securities Group LLC bought a new stake in CompoSecure during the 1st quarter valued at $107,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of CompoSecure by 71.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,547 shares of the company’s stock worth $115,000 after purchasing an additional 4,384 shares during the period. Institutional investors own 37.56% of the company’s stock.

CompoSecure Stock Performance

Shares of NASDAQ:CMPO opened at $19.63 on Monday. CompoSecure, Inc. has a 52-week low of $9.24 and a 52-week high of $21.00. The firm has a fifty day moving average of $19.61 and a 200 day moving average of $15.30. The firm has a market capitalization of $2.01 billion, a PE ratio of -11.69 and a beta of 0.97.

Insider Activity at CompoSecure

In related news, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $18.74, for a total value of $1,874,000.00. Following the completion of the transaction, the chief financial officer directly owned 759,789 shares in the company, valued at approximately $14,238,445.86. The trade was a 11.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rebecca Corbin Loree bought 5,240 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was bought at an average price of $19.09 per share, with a total value of $100,031.60. Following the completion of the transaction, the director directly owned 5,240 shares of the company’s stock, valued at $100,031.60. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 217,125 shares of company stock valued at $4,139,550 over the last ninety days. 52.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Benchmark upped their price target on shares of CompoSecure from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday. B. Riley reaffirmed a “buy” rating and issued a $23.00 price target (up previously from $17.00) on shares of CompoSecure in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $16.00 price target 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. Based on data from MarketBeat.com, CompoSecure presently has an average rating of “Moderate Buy” and a consensus price target of $18.83.

About CompoSecure

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.