Northern Trust Corp Boosts Holdings in CompoSecure, Inc. (NASDAQ:CMPO)

Northern Trust Corp increased its holdings in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 242,854 shares of the company's stock after acquiring an additional 30,086 shares during the quarter. Northern Trust Corp owned approximately 0.28% of CompoSecure worth $3,723,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. KP Management LLC bought a new stake in shares of CompoSecure in the 4th quarter valued at about $1,344,000. Aquatic Capital Management LLC bought a new stake in CompoSecure during the fourth quarter valued at about $235,000. Price T Rowe Associates Inc. MD bought a new stake in CompoSecure during the fourth quarter valued at about $156,000. OneDigital Investment Advisors LLC purchased a new position in CompoSecure in the fourth quarter valued at about $697,000. Finally, Nine Ten Capital Management LLC bought a new position in CompoSecure in the fourth quarter worth about $13,925,000. 37.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Lake Street Capital lowered their price target on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their target price on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Wall Street Zen downgraded shares of CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $16.19.

CompoSecure Stock Performance

CMPO stock traded up $0.19 during trading on Wednesday, reaching $13.68. The company had a trading volume of 1,108,882 shares, compared to its average volume of 861,279. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -31.09, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87. CompoSecure, Inc. has a twelve month low of $5.98 and a twelve month high of $17.71. The firm has a 50-day simple moving average of $11.30 and a 200-day simple moving average of $13.61.

CompoSecure (NASDAQ:CMPO - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.06. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. The business had revenue of $103.90 million during the quarter, compared to analysts' expectations of $103.22 million. Sell-side analysts expect that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Insider Buying and Selling

In other CompoSecure news, insider Adam Joseph Lowe sold 18,818 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $10.97, for a total transaction of $206,433.46. Following the sale, the insider now owns 1,486,036 shares in the company, valued at approximately $16,301,814.92. The trade was a 1.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph J. Deangelo acquired 45,045 shares of CompoSecure stock in a transaction dated Monday, March 17th. The stock was purchased at an average price of $11.12 per share, with a total value of $500,900.40. Following the completion of the purchase, the director now owns 45,045 shares of the company's stock, valued at approximately $500,900.40. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 33,440 shares of company stock worth $416,301 in the last 90 days. Insiders own 74.99% of the company's stock.

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.