Mackenzie Financial Corp Makes New $568,000 Investment in CompoSecure, Inc. (NASDAQ:CMPO)

Mackenzie Financial Corp purchased a new stake in CompoSecure, Inc. (NASDAQ:CMPO) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 52,257 shares of the company’s stock, valued at approximately $568,000. Mackenzie Financial Corp owned approximately 0.05% of CompoSecure as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors acquired a new stake in CompoSecure during the 4th quarter valued at $27,387,000. Divisadero Street Capital Management LP acquired a new position in shares of CompoSecure in the fourth quarter worth $16,075,000. Nine Ten Capital Management LLC purchased a new stake in shares of CompoSecure in the fourth quarter valued at $13,925,000. Locust Wood Capital Advisers LLC boosted its stake in shares of CompoSecure by 19.1% during the fourth quarter. Locust Wood Capital Advisers LLC now owns 4,579,143 shares of the company’s stock valued at $70,198,000 after acquiring an additional 734,202 shares during the last quarter. Finally, Zuckerman Investment Group LLC boosted its stake in shares of CompoSecure by 85.0% during the fourth quarter. Zuckerman Investment Group LLC now owns 1,525,207 shares of the company’s stock valued at $24,098,000 after acquiring an additional 700,858 shares during the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMPO. Wall Street Zen downgraded shares of CompoSecure from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of CompoSecure in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.19.

CompoSecure Price Performance

Shares of CMPO stock opened at $14.37 on Thursday. The firm’s 50-day simple moving average is $14.20 and its 200-day simple moving average is $13.19. CompoSecure, Inc. has a 1-year low of $7.44 and a 1-year high of $17.71. The firm has a market cap of $1.47 billion, a P/E ratio of -13.06 and a beta of 0.94.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. CompoSecure had a negative net margin of 15.36% and a negative return on equity of 33.46%. The company had revenue of $103.90 million for the quarter, compared to the consensus estimate of $103.22 million. Analysts expect 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.