Alberta Investment Management Corp Purchases New 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 purchased a new stake in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 114,900 shares of the company's stock, valued at approximately $1,249,000. Alberta Investment Management Corp owned 0.11% of CompoSecure at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Locust Wood Capital Advisers LLC grew its holdings in shares of CompoSecure by 19.1% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 4,579,143 shares of the company's stock worth $70,198,000 after purchasing an additional 734,202 shares during the last quarter. Bleichroeder LP increased its position in CompoSecure by 1.6% in the 4th quarter. Bleichroeder LP now owns 3,856,966 shares of the company's stock valued at $59,127,000 after acquiring an additional 59,416 shares in the last quarter. Cannell Capital LLC increased its holdings in shares of CompoSecure by 8.0% in the fourth quarter. Cannell Capital LLC now owns 2,278,726 shares of the company's stock valued at $34,933,000 after purchasing an additional 169,067 shares in the last quarter. Tyro Capital Management LLC raised its position in CompoSecure by 1.2% in the 4th quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company's stock worth $30,952,000 after purchasing an additional 23,468 shares during the last quarter. Finally, Capital World Investors acquired a new position in CompoSecure during the 4th quarter worth $27,387,000. 37.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

CompoSecure Stock Performance

CompoSecure stock traded down $0.09 during mid-day trading on Thursday, reaching $14.29. The company's stock had a trading volume of 296,348 shares, compared to its average volume of 904,633. The company has a market capitalization of $1.46 billion, a P/E ratio of -12.99 and a beta of 0.94. The firm's fifty day moving average price is $14.20 and its two-hundred day moving average price is $13.19. CompoSecure, Inc. has a 12-month low of $8.58 and a 12-month high of $17.71.

CompoSecure (NASDAQ:CMPO - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.25 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $103.22 million. On average, 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.