Blue Trust Inc. Has $351,000 Stock Holdings in CompoSecure, Inc. $CMPO

Blue Trust Inc. boosted its holdings in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 33.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,933 shares of the company’s stock after acquiring an additional 6,201 shares during the quarter. Blue Trust Inc.’s holdings in CompoSecure were worth $351,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CMPO. GAMMA Investing LLC lifted its holdings 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 worth $30,000 after purchasing an additional 2,622 shares during the period. MorganRosel Wealth Management LLC acquired a new position in shares of CompoSecure in the first quarter worth approximately $43,000. AlphaQuest LLC acquired a new position in shares of CompoSecure in the first quarter worth approximately $72,000. Summit Securities Group LLC acquired a new position in shares of CompoSecure in the first quarter worth approximately $107,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 acquiring an additional 4,384 shares during the period. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Stock Up 1.9%

CompoSecure stock opened at $19.92 on Tuesday. The firm’s fifty day moving average is $19.22 and its 200 day moving average is $15.04. CompoSecure, Inc. has a 12-month low of $9.24 and a 12-month high of $21.00. The company has a market capitalization of $2.04 billion, a PE ratio of -11.85 and a beta of 0.97.

Insider Transactions at CompoSecure

In other news, Director Kevin M. Moriarty purchased 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average cost of $19.28 per share, with a total value of $250,640.00. Following the purchase, the director owned 13,000 shares in the company, valued at $250,640. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $18.74, for a total value of $1,874,000.00. Following the transaction, the chief financial officer directly owned 759,789 shares in the company, valued at $14,238,445.86. The trade was a 11.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 217,125 shares of company stock valued at $4,139,550 in the last 90 days. Corporate insiders own 52.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CMPO shares. Benchmark boosted their price target on shares of CompoSecure from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $16.00 target price on shares of CompoSecure in a report on Wednesday, August 20th. Finally, B. Riley reissued a “buy” rating and issued a $23.00 price objective (up from $17.00) on shares of CompoSecure in a research note on Monday, August 18th. Five research 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 has a consensus rating of “Moderate Buy” and an average price target of $17.67.

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.