Price T Rowe Associates Inc. MD Invests $156,000 in CompoSecure, Inc. (NASDAQ:CMPO)

Price T Rowe Associates Inc. MD purchased a new position in CompoSecure, Inc. (NASDAQ:CMPO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,150 shares of the company’s stock, valued at approximately $156,000.

A number of other institutional investors have also recently made changes to their positions in the company. Capital World Investors acquired a new position in CompoSecure during the fourth quarter worth $27,387,000. Nine Ten Capital Management LLC acquired a new position in CompoSecure during the fourth quarter worth $13,925,000. Locust Wood Capital Advisers LLC boosted its stake in CompoSecure by 19.1% during the fourth quarter. Locust Wood Capital Advisers LLC now owns 4,579,143 shares of the company’s stock worth $70,198,000 after buying an additional 734,202 shares during the last quarter. Zuckerman Investment Group LLC boosted its stake in CompoSecure by 85.0% during the fourth quarter. Zuckerman Investment Group LLC now owns 1,525,207 shares of the company’s stock worth $24,098,000 after buying an additional 700,858 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in CompoSecure by 1,072.1% during the fourth quarter. Invesco Ltd. now owns 723,122 shares of the company’s stock worth $11,085,000 after buying an additional 661,426 shares during the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.

CompoSecure Stock Up 1.5%

Shares of CompoSecure stock opened at $12.80 on Friday. CompoSecure, Inc. has a 52 week low of $5.98 and a 52 week high of $17.71. The business’s fifty day simple moving average is $11.00 and its 200-day simple moving average is $13.71. The firm has a market cap of $1.31 billion, a PE ratio of -29.09, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.19 by $0.06. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The business had revenue of $103.90 million for the quarter, compared to analyst estimates of $103.22 million. As a group, equities analysts expect that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Insider Activity at CompoSecure

In other news, Director Resolute Compo Holdings Llc acquired 233,070 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average price of $16.57 per share, for a total transaction of $3,861,969.90. Following the acquisition, the director now owns 879,963 shares of the company’s stock, valued at $14,580,986.91. This represents a 36.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Joseph Lowe sold 18,818 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $10.97, for a total value of $206,433.46. Following the completion of the sale, the insider now owns 1,486,036 shares in the company, valued at $16,301,814.92. This represents a 1.25% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,340 shares of company stock worth $430,701. 74.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CMPO. Lake Street Capital lowered their price objective on CompoSecure from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of CompoSecure in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their price target on CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.19.

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.