10,432 Shares in CompoSecure, Inc. (NASDAQ:CMPO) Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. acquired a new stake in CompoSecure, Inc. (NASDAQ:CMPO) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,432 shares of the company’s stock, valued at approximately $146,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CMPO. Pacific Ridge Capital Partners LLC boosted its stake in shares of CompoSecure by 146.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock valued at $3,308,000 after buying an additional 289,451 shares during the period. Rice Hall James & Associates LLC bought a new stake in shares of CompoSecure during the 3rd quarter valued at $3,766,000. Boston Partners grew its holdings in shares of CompoSecure by 40.8% during the 1st quarter. Boston Partners now owns 557,136 shares of the company’s stock worth $4,028,000 after purchasing an additional 161,333 shares in the last quarter. Renaissance Technologies LLC lifted its position in CompoSecure by 165.4% during the second quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock worth $1,424,000 after purchasing an additional 130,489 shares during the period. Finally, Bailard Inc. bought a new position in CompoSecure in the second quarter valued at approximately $259,000. Institutional investors and hedge funds own 37.56% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Compass Point lifted their target price on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Lake Street Capital increased their price objective on shares of CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Benchmark reaffirmed a “buy” rating and set a $17.00 target price on shares of CompoSecure in a research note on Tuesday, November 12th. Bank of America boosted their price objective on CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, B. Riley boosted their target price on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.79.

CompoSecure Stock Down 2.1 %

Shares of NASDAQ CMPO opened at $15.70 on Tuesday. The company’s fifty day simple moving average is $14.51 and its 200 day simple moving average is $10.52. The firm has a market cap of $1.38 billion, a PE ratio of -35.68, a P/E/G ratio of 1.27 and a beta of 0.76. CompoSecure, Inc. has a 12-month low of $4.61 and a 12-month high of $16.23.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $107.14 million during 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 in the previous year, the company posted $0.24 EPS. On average, equities analysts predict that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Insider Activity at CompoSecure

In related news, insider Adam Joseph Lowe sold 5,730 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $12.05, for a total transaction of $69,046.50. Following the transaction, the insider now directly owns 1,292,219 shares in the company, valued at approximately $15,571,238.95. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michele Logan sold 10,017,983 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the completion of the sale, the director now owns 2,043,320 shares of the company’s stock, valued at approximately $15,427,066. This trade represents a 83.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,641,727 shares of company stock valued at $80,370,824. 74.99% of the stock is owned by company insiders.

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.