Alberta Investment Management Corp Takes Position in CompoSecure, Inc. (NASDAQ:CMPO)

Key Points

• Alberta Investment Management Corp has invested approximately $1.25 million in CompoSecure, acquiring 114,900 shares during the first quarter.
• CompoSecure has received a “buy” rating from Needham & Company and a revised “hold” rating from Wall Street Zen, indicating mixed analyst sentiment regarding the stock.
• The company's recent earnings report showed an EPS of $0.25, beating analysts' estimates, while revenue reached $103.90 million for the quarter.

Alberta Investment Management Corp bought a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 114,900 shares of the company's stock, valued at approximately $1,249,000. Alberta Investment Management Corp owned about 0.11% of CompoSecure as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mackenzie Financial Corp acquired a new position in CompoSecure in the first quarter valued at approximately $568,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CompoSecure by 71.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,547 shares of the company's stock worth $115,000 after buying an additional 4,384 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in shares of CompoSecure by 20.6% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 22,233 shares of the company's stock worth $242,000 after buying an additional 3,794 shares during the period. Pacer Advisors Inc. acquired a new position in shares of CompoSecure during the first quarter worth approximately $4,138,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of CompoSecure during the first quarter worth approximately $1,261,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMPO has been the subject of a number of research analyst reports. Needham & Company LLC restated a "buy" rating and issued a $15.00 target price on shares of CompoSecure in a research report on Tuesday, May 13th. Wall Street Zen lowered CompoSecure from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.19.

CompoSecure Trading Up 1.6%

CompoSecure stock traded up $0.23 during mid-day trading on Wednesday, hitting $14.37. 564,154 shares of the company's stock were exchanged, compared to its average volume of 908,834. The stock has a market cap of $1.47 billion, a P/E ratio of -13.06 and a beta of 0.94. CompoSecure, Inc. has a 1-year low of $7.44 and a 1-year high of $17.71. The stock has a 50 day moving average of $14.19 and a two-hundred day moving average of $13.18.

CompoSecure (NASDAQ:CMPO - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.19 by $0.06. The firm had revenue of $103.90 million for the quarter, compared to the consensus estimate of $103.22 million. CompoSecure had a negative net margin of 15.36% and a negative return on equity of 33.46%. As a group, research analysts predict that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.

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.