Janney Montgomery Scott LLC Acquires New Position in CompoSecure, Inc. (NASDAQ:CMPO)

Janney Montgomery Scott LLC bought a new stake in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 66,824 shares of the company's stock, valued at approximately $726,000. Janney Montgomery Scott LLC owned approximately 0.07% of CompoSecure at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of CompoSecure by 449.5% in the fourth quarter. Bank of America Corp DE now owns 651,211 shares of the company's stock valued at $9,983,000 after acquiring an additional 532,708 shares during the period. Squarepoint Ops LLC raised its stake in CompoSecure by 29.7% during the fourth quarter. Squarepoint Ops LLC now owns 270,145 shares of the company's stock worth $4,141,000 after acquiring an additional 61,928 shares in the last quarter. Northern Trust Corp grew its holdings in shares of CompoSecure by 14.1% during the fourth quarter. Northern Trust Corp now owns 242,854 shares of the company's stock worth $3,723,000 after purchasing an additional 30,086 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of CompoSecure by 9.3% during 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. Finally, 12th Street Asset Management Company LLC bought a new stake in shares of CompoSecure during the fourth quarter worth about $6,945,000. 37.56% of the stock is owned by institutional investors.

CompoSecure Stock Up 0.8%

CompoSecure stock traded up $0.12 during midday trading on Friday, reaching $14.75. 462,014 shares of the stock traded hands, compared to its average volume of 927,952. The stock has a market cap of $1.51 billion, a P/E ratio of -13.41, a PEG ratio of 2.85 and a beta of 0.94. CompoSecure, Inc. has a 12 month low of $7.03 and a 12 month high of $17.71. The stock's fifty day moving average is $13.13 and its 200-day moving average is $13.31.

CompoSecure (NASDAQ:CMPO - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.06. The firm had revenue of $103.90 million for the quarter, compared to the consensus estimate of $103.22 million. CompoSecure had a negative return on equity of 33.46% and a negative net margin of 15.36%. On average, equities analysts predict that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen cut CompoSecure from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price target on shares of CompoSecure in a research note 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, CompoSecure has an average rating of "Moderate Buy" and an average target price of $16.19.

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.