CompoSecure Inc (CMPO US, +1, 24-Feb-25)
David Cote (Chair since Aug 2024) made two large purchases in February, spending a total of $13.8 million at an average price of $15.74.
Cote took a control position in the company in September 2024, spending $372 million at $7.55 and eliminating the dual-class structure as part of that transaction. Six months after that transaction, it is interesting to see additional large purchases from him, even after the stock has doubled and is at a multi-year high.
The company recently approved the spin-out of Resolute Holdings (RHLD) and increased its buyback program to $100 million.
We are ranking the stock +1 (strongly positive signal).
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