Oppenheimer Asset Management Inc. Makes New $311,000 Investment in CompoSecure, Inc. $CMPO

Oppenheimer Asset Management Inc. purchased a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 22,075 shares of the company’s stock, valued at approximately $311,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in CompoSecure by 82.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 62,563 shares of the company’s stock worth $684,000 after buying an additional 28,281 shares in the last quarter. Jump Financial LLC bought a new stake in CompoSecure during the 1st quarter worth about $1,120,000. Vanguard Group Inc. lifted its position in CompoSecure by 65.7% during the 1st quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company’s stock worth $25,407,000 after buying an additional 926,389 shares in the last quarter. Mackenzie Financial Corp bought a new stake in CompoSecure during the 1st quarter worth about $568,000. Finally, Jupiter Asset Management Ltd. bought a new stake in CompoSecure during the 1st quarter worth about $1,480,000. 37.56% of the stock is owned by institutional investors.

Insider Activity at CompoSecure

In related news, CFO Timothy Walter Fitzsimmons sold 100,000 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer owned 759,789 shares in the company, valued at approximately $14,238,445.86. This represents a 11.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin M. Moriarty purchased 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average price of $19.28 per share, for a total transaction of $250,640.00. Following the purchase, the director owned 13,000 shares in the company, valued at $250,640. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 217,125 shares of company stock worth $4,139,550 in the last quarter. Corporate insiders own 52.10% of the company’s stock.

Analyst Ratings Changes

CMPO has been the topic of several analyst reports. Needham & Company LLC boosted their price target on shares of CompoSecure from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. restated an “underweight” rating and set a $16.00 price objective on shares of CompoSecure in a research note on Wednesday, August 20th. B. Riley restated a “buy” rating and set a $23.00 price objective (up from $17.00) on shares of CompoSecure in a research note on Monday, August 18th. Finally, Benchmark boosted their price objective on shares of CompoSecure from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, CompoSecure presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

CompoSecure Stock Performance

Shares of CMPO opened at $19.86 on Monday. CompoSecure, Inc. has a 52 week low of $9.24 and a 52 week high of $21.16. The firm has a market cap of $2.03 billion, a P/E ratio of -11.82 and a beta of 0.97. The firm’s 50-day simple moving average is $19.84 and its 200 day simple moving average is $16.03.

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.