CompoSecure, Inc. (NASDAQ:CMPO) Position Increased by Northern Trust Corp

Northern Trust Corp raised its holdings in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 242,854 shares of the company’s stock after buying an additional 30,086 shares during the period. Northern Trust Corp owned about 0.28% of CompoSecure worth $3,723,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in CompoSecure during the fourth quarter worth approximately $526,000. JPMorgan Chase & Co. grew its position in CompoSecure by 555.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock worth $728,000 after purchasing an additional 44,018 shares in the last quarter. Truist Financial Corp raised its stake in CompoSecure by 286.9% during the 4th quarter. Truist Financial Corp now owns 48,368 shares of the company’s stock valued at $741,000 after purchasing an additional 35,868 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of CompoSecure by 9.3% in the fourth quarter. Principal Financial Group Inc. now owns 11,399 shares of the company’s stock valued at $175,000 after purchasing an additional 967 shares in the last quarter. Finally, 12th Street Asset Management Company LLC purchased a new stake in shares of CompoSecure in the fourth quarter valued at $6,945,000. 37.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CompoSecure

In other CompoSecure news, CRO Amanda Mandy Gourbault sold 9,622 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $16.09, for a total value of $154,817.98. Following the completion of the sale, the executive now owns 821,782 shares of the company’s stock, valued at $13,222,472.38. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Joseph Lowe sold 18,818 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was 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 directly owns 1,486,036 shares of the company’s stock, valued at $16,301,814.92. This represents a 1.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,340 shares of company stock worth $430,701 over the last 90 days. 74.99% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CMPO shares. JPMorgan Chase & Co. lowered their price target on CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of CompoSecure in a research note on Tuesday, May 13th. Lake Street Capital dropped their target price on CompoSecure from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Finally, Wall Street Zen cut shares of CompoSecure from a “buy” rating to a “hold” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.19.

CompoSecure Price Performance

Shares of NASDAQ CMPO opened at $12.69 on Friday. The business’s 50-day moving average price is $11.13 and its two-hundred day moving average price is $13.65. CompoSecure, Inc. has a one year low of $5.98 and a one year high of $17.71. The company has a market capitalization of $1.30 billion, a P/E ratio of -28.84, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87.

CompoSecure (NASDAQ:CMPO) last issued its earnings results on Monday, May 12th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $103.90 million for the quarter, compared to the consensus estimate of $103.22 million. On average, equities analysts anticipate that CompoSecure, Inc. will post 1.02 EPS for the current year.

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.