State Street Corp Purchases 66,232 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

State Street Corp raised its position in CompoSecure, Inc. (NASDAQ:CMPO) by 20.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 395,691 shares of the company’s stock after acquiring an additional 66,232 shares during the period. State Street Corp owned about 0.45% of CompoSecure worth $5,548,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CMPO. Sandia Investment Management LP acquired a new position in CompoSecure during the second quarter worth $68,000. nVerses Capital LLC acquired a new position in shares of CompoSecure during the 3rd quarter worth about $72,000. CWM LLC grew its holdings in shares of CompoSecure by 42.0% in the 3rd quarter. CWM LLC now owns 5,192 shares of the company’s stock valued at $73,000 after acquiring an additional 1,536 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of CompoSecure in the 3rd quarter valued at about $74,000. Finally, FMR LLC increased its position in shares of CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after acquiring an additional 5,156 shares during the last quarter. Institutional investors own 37.56% of the company’s stock.

CompoSecure Stock Down 1.4 %

NASDAQ CMPO opened at $15.85 on Friday. CompoSecure, Inc. has a 12-month low of $4.61 and a 12-month high of $17.03. The firm has a 50-day moving average price of $15.52 and a two-hundred day moving average price of $12.11. The company has a market capitalization of $1.40 billion, a P/E ratio of -36.02, a P/E/G ratio of 2.65 and a beta of 0.76.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $107.14 million for the quarter, compared to the consensus estimate of $105.11 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. During the same quarter last year, the business earned $0.24 EPS. Equities analysts expect that CompoSecure, Inc. will post 1.02 EPS for the current year.

Insiders Place Their Bets

In related news, insider Adam Joseph Lowe sold 66,350 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $15.91, for a total value of $1,055,628.50. Following the completion of the transaction, the insider now owns 1,358,692 shares in the company, valued at $21,616,789.72. This trade represents a 4.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Gregoire Maes sold 24,323 shares of CompoSecure stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $16.25, for a total transaction of $395,248.75. Following the sale, the chief operating officer now owns 762,009 shares in the company, valued at approximately $12,382,646.25. This represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,660 shares of company stock valued at $2,921,066. 74.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. B. Riley upped their price objective on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Lake Street Capital lifted their target price on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a research report on Monday, November 11th. Finally, Benchmark restated a “buy” rating and set a $17.00 target price on shares of CompoSecure in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.81.

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.