CompoSecure, Inc. (NASDAQ:CMPO) Stock Holdings Increased by California State Teachers Retirement System

California State Teachers Retirement System lifted its stake in CompoSecure, Inc. (NASDAQ:CMPO) by 1,181.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,152 shares of the company’s stock after purchasing an additional 21,346 shares during the quarter. California State Teachers Retirement System’s holdings in CompoSecure were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new position in CompoSecure in the fourth quarter valued at about $75,000. Wolverine Asset Management LLC increased its position in CompoSecure by 76.3% in the 4th quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company’s stock worth $143,000 after buying an additional 4,039 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in CompoSecure during the 4th quarter valued at $156,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of CompoSecure by 33.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company’s stock valued at $161,000 after buying an additional 2,547 shares during the period. Finally, OLD Mission Capital LLC acquired a new stake in shares of CompoSecure during the 4th quarter worth approximately $165,000. 37.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMPO has been the subject of several analyst reports. Wall Street Zen downgraded shares of CompoSecure from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. cut their price objective on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Lake Street Capital decreased their target price on CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of CompoSecure in a research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.19.

Insider Activity

In related news, insider Adam Joseph Lowe sold 5,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.01, for a total transaction of $55,050.00. Following the sale, the insider now directly owns 1,481,036 shares of the company’s stock, valued at approximately $16,306,206.36. This represents a 0.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph J. Deangelo purchased 45,045 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of $11.12 per share, with a total value of $500,900.40. Following the purchase, the director now directly owns 45,045 shares of the company’s stock, valued at approximately $500,900.40. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 52.10% of the company’s stock.

CompoSecure Stock Up 3.2%

CMPO stock opened at $14.19 on Friday. CompoSecure, Inc. has a twelve month low of $6.13 and a twelve month high of $17.71. The firm has a market capitalization of $1.45 billion, a PE ratio of -32.25, a P/E/G ratio of 2.63 and a beta of 0.95. The stock’s 50 day moving average is $11.94 and its 200-day moving average is $13.53.

CompoSecure (NASDAQ:CMPO) last released its earnings results on Monday, May 12th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $103.90 million during the quarter, compared to the consensus estimate of $103.22 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. On average, equities research analysts anticipate that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

CompoSecure 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.