Allspring Global Investments Holdings LLC Has $684,000 Stock Position in CompoSecure, Inc. (NASDAQ:CMPO)

Allspring Global Investments Holdings LLC grew its holdings in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 82.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

CMPO has been the subject of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price target on shares of CompoSecure in a research report on Tuesday, May 13th. Wall Street Zen lowered shares of CompoSecure from a "buy" rating to a "hold" rating in a research 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 company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.19.

CompoSecure Stock Down 2.4%

CMPO stock traded down $0.35 during midday trading on Friday, hitting $14.21. 319,789 shares of the company traded hands, compared to its average volume of 933,185. CompoSecure, Inc. has a twelve month low of $7.32 and a twelve month high of $17.71. The business has a 50 day simple moving average of $13.47 and a 200-day simple moving average of $13.25. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -12.92, a price-to-earnings-growth ratio of 2.73 and a beta of 0.94.

CompoSecure (NASDAQ:CMPO - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.25 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $103.22 million. Equities research analysts forecast that CompoSecure, Inc. will post 1.02 EPS for the current year.

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.