CompoSecure, Inc. (NASDAQ:CMPO) Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System raised its holdings in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 1,181.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,152 shares of the company's stock after buying an additional 21,346 shares during the quarter. California State Teachers Retirement System's holdings in CompoSecure were worth $355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new position in shares of CompoSecure in the fourth quarter worth about $526,000. Rhumbline Advisers raised its stake in shares of CompoSecure by 32.7% in the fourth quarter. Rhumbline Advisers now owns 34,135 shares of the company's stock worth $523,000 after purchasing an additional 8,411 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of CompoSecure by 9.3% in the fourth quarter. Principal Financial Group Inc. now owns 11,399 shares of the company's stock worth $175,000 after purchasing an additional 967 shares during the last quarter. Truist Financial Corp raised its stake in shares of CompoSecure by 286.9% in the fourth quarter. Truist Financial Corp now owns 48,368 shares of the company's stock worth $741,000 after purchasing an additional 35,868 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its stake in shares of CompoSecure by 76.3% in the fourth quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company's stock worth $143,000 after purchasing an additional 4,039 shares during the last quarter. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

CompoSecure Stock Down 3.7%

Shares of CompoSecure stock traded down $0.53 on Friday, reaching $13.66. The company's stock had a trading volume of 614,767 shares, compared to its average volume of 892,046. The company has a market capitalization of $1.40 billion, a P/E ratio of -31.05, a PEG ratio of 2.63 and a beta of 0.95. CompoSecure, Inc. has a 52-week low of $6.14 and a 52-week high of $17.71. The stock has a 50-day moving average price of $12.02 and a 200-day moving average price of $13.48.

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

Analyst Ratings Changes

Several analysts recently commented on CMPO shares. Lake Street Capital dropped their target price on CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 target price on shares of CompoSecure in a 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. Finally, JPMorgan Chase & Co. dropped their target price on CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $16.19.

Insider Activity

In other news, insider Adam Joseph Lowe sold 5,000 shares of CompoSecure stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.01, for a total value of $55,050.00. Following the sale, the insider now directly owns 1,481,036 shares of the company's stock, valued at $16,306,206.36. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph J. Deangelo purchased 45,045 shares of the stock in a transaction dated Monday, March 17th. The stock was purchased at an average cost of $11.12 per share, for a total transaction of $500,900.40. Following the completion of the purchase, the director now directly 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. Company insiders own 52.10% of the company's stock.

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.