CompoSecure, Inc. (NASDAQ:CMPO) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 82.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,563 shares of the company's stock after purchasing an additional 28,281 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of CompoSecure worth $684,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew 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 valued at $30,000 after acquiring an additional 2,622 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of CompoSecure in the fourth quarter valued at approximately $75,000. Price T Rowe Associates Inc. MD purchased a new position in shares of CompoSecure during the 4th quarter worth approximately $156,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of CompoSecure by 33.3% during 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. Finally, OLD Mission Capital LLC purchased a new stake in CompoSecure in the 4th quarter valued at approximately $165,000. Hedge funds and other institutional investors own 37.56% of the company's stock.

CompoSecure Trading Up 0.2%

CMPO stock opened at $14.47 on Thursday. The company has a market cap of $1.48 billion, a PE ratio of -13.15, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94. The stock has a 50-day moving average price of $13.34 and a two-hundred day moving average price of $13.29. CompoSecure, Inc. has a 12-month low of $7.32 and a 12-month high of $17.71.

CompoSecure (NASDAQ:CMPO - Get Free Report) last issued its 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 return on equity of 33.46% and a negative net margin of 15.36%. The business had revenue of $103.90 million during the quarter, compared to analysts' expectations of $103.22 million. Equities analysts forecast that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CMPO has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and set a $15.00 price target on shares of CompoSecure in a research report on Tuesday, May 13th. Wall Street Zen cut CompoSecure from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, CompoSecure has an average rating of "Moderate Buy" and an average target price of $16.19.

CompoSecure Company 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.

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