CompoSecure, Inc. (NASDAQ:CMPO) Stock Position Lifted by GAMMA Investing LLC

GAMMA Investing LLC grew its position in shares of CompoSecure, Inc. (NASDAQ:CMPO) by 1,524.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,794 shares of the company’s stock after buying an additional 2,622 shares during the period. GAMMA Investing LLC’s holdings in CompoSecure were worth $30,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in CompoSecure during the 4th quarter worth approximately $75,000. Price T Rowe Associates Inc. MD bought a new stake in shares of CompoSecure in the 4th quarter worth approximately $156,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of CompoSecure by 33.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company’s stock worth $161,000 after purchasing an additional 2,547 shares during the last quarter. OLD Mission Capital LLC bought a new stake in shares of CompoSecure in the 4th quarter worth approximately $165,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of CompoSecure by 9.3% in the 4th quarter. Principal Financial Group Inc. now owns 11,399 shares of the company’s stock worth $175,000 after purchasing an additional 967 shares during the last quarter. Institutional investors own 37.56% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on CMPO shares. Lake Street Capital cut their price target on CompoSecure from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of CompoSecure in a report on Tuesday, May 13th. Wall Street Zen downgraded CompoSecure from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. cut 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, CompoSecure has a consensus rating of “Moderate Buy” and an average target price of $16.19.

CompoSecure Price Performance

Shares of CompoSecure stock opened at $14.33 on Friday. The business’s fifty day moving average price is $12.69 and its two-hundred day moving average price is $13.39. The company has a market capitalization of $1.47 billion, a P/E ratio of -13.03, a PEG ratio of 2.18 and a beta of 0.95. CompoSecure, Inc. has a 1-year low of $6.43 and a 1-year high of $17.71.

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