CompoSecure, Inc. (NASDAQ:CMPO) Major Shareholder Lp Bleichroeder Purchases 54,593 Shares

CompoSecure, Inc. (NASDAQ:CMPOGet Rating) major shareholder Lp Bleichroeder purchased 54,593 shares of the business’s stock in a transaction on Thursday, April 21st. The stock was bought at an average cost of $7.63 per share, for a total transaction of $416,544.59. Following the purchase, the insider now owns 1,952,748 shares of the company’s stock, valued at approximately $14,899,467.24. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Lp Bleichroeder also recently made the following trade(s):

  • On Tuesday, April 19th, Lp Bleichroeder purchased 38,465 shares of CompoSecure stock. The stock was bought at an average cost of $7.65 per share, for a total transaction of $294,257.25.
  • On Wednesday, April 13th, Lp Bleichroeder acquired 239,427 shares of CompoSecure stock. The stock was acquired at an average price of $7.03 per share, for a total transaction of $1,683,171.81.

Shares of NASDAQ CMPO traded down $0.21 during midday trading on Thursday, reaching $7.55. The company’s stock had a trading volume of 112,431 shares, compared to its average volume of 160,870. CompoSecure, Inc. has a fifty-two week low of $5.77 and a fifty-two week high of $10.69. The stock has a 50 day simple moving average of $7.21.

CMPO has been the topic of a number of recent research reports. Needham & Company LLC initiated coverage on shares of CompoSecure in a report on Friday, January 28th. They issued a “buy” rating and a $14.00 price objective on the stock. B. Riley initiated coverage on shares of CompoSecure in a report on Friday, January 7th. They issued a “buy” rating and a $17.00 price objective on the stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in CompoSecure during the fourth quarter worth $1,404,000. Toroso Investments LLC acquired a new position in CompoSecure during the fourth quarter worth $10,905,000. Penserra Capital Management LLC acquired a new position in CompoSecure during the fourth quarter worth $41,000. Stifel Financial Corp acquired a new position in CompoSecure during the fourth quarter worth $135,000. Finally, Whitebox Advisors LLC acquired a new position in CompoSecure during the fourth quarter worth $4,105,000.

About CompoSecure (Get Rating)

CompoSecure, Inc manufactures and designs metal, plastic, composite ID, 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 comprise the Arculus Key card Cold Storage hardware device and companion Arculus Wallet mobile App to keep the Private Key in the Arculus Key card highly secure and store cryptocurrency and digital assets.

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