Pacer Advisors Inc. Makes New Investment in CompoSecure, Inc. (NASDAQ:CMPO)

Key Points

• Pacer Advisors Inc. has made a $4.14 million investment in CompoSecure, acquiring 380,718 shares during the first quarter, which represents approximately 0.37% of the company's stock.
• Several institutional investors, including JPMorgan Chase & Co. and Vanguard Group, have significantly increased their stakes in CompoSecure during the fourth quarter, with institutional ownership now at 37.56%.
• Analysts maintain a consensus "Moderate Buy" rating for CompoSecure, with a target price of $16.19, though recent assessments show a mix of ratings, with some analysts downgrading their positions.

Pacer Advisors Inc. bought a new position in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 380,718 shares of the company's stock, valued at approximately $4,138,000. Pacer Advisors Inc. owned approximately 0.37% of CompoSecure at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMPO. GAMMA Investing LLC increased its stake in CompoSecure by 1,524.4% in the 1st quarter. GAMMA Investing LLC now owns 2,794 shares of the company's stock worth $30,000 after acquiring an additional 2,622 shares during the last quarter. MorganRosel Wealth Management LLC purchased a new position in shares of CompoSecure in the first quarter valued at $43,000. KLP Kapitalforvaltning AS bought a new stake in CompoSecure in the fourth quarter worth $75,000. Price T Rowe Associates Inc. MD purchased a new stake in CompoSecure during the fourth quarter valued at $156,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in CompoSecure by 33.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company's stock valued at $161,000 after purchasing an additional 2,547 shares during the last quarter. 37.56% of the stock is owned by institutional investors.

CompoSecure Price Performance

Shares of CompoSecure stock traded down $0.35 during trading on Friday, hitting $13.86. The stock had a trading volume of 401,543 shares, compared to its average volume of 910,512. The stock has a market cap of $1.42 billion, a PE ratio of -12.67 and a beta of 0.94. CompoSecure, Inc. has a 12 month low of $7.32 and a 12 month high of $17.71. The firm's fifty day simple moving average is $14.14 and its 200-day simple moving average is $13.20.

CompoSecure (NASDAQ:CMPO - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.19 by $0.06. The company had revenue of $103.90 million for the quarter, compared to the consensus estimate of $103.22 million. CompoSecure had a negative return on equity of 33.46% and a negative net margin of 15.36%. Analysts expect that CompoSecure, Inc. will post 1.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CMPO has been the topic of a number of research reports. Wall Street Zen downgraded shares of CompoSecure from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 price target 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 issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $16.19.

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.