Jupiter Asset Management Ltd. Makes New $1.48 Million Investment in CompoSecure, Inc. (NASDAQ:CMPO)

Key Points

• Jupiter Asset Management Ltd. acquired 136,177 shares of CompoSecure, valued at approximately $1.48 million, representing a 0.13% stake as per their recent SEC filing.
• Multiple hedge funds have significantly increased their positions in CompoSecure, including Capital World Investors with a new investment worth $27.39 million in the last quarter.
• CompoSecure's latest earnings report indicates a quarterly EPS of $0.25, exceeding analyst expectations of $0.19, with anticipated full-year EPS projected at 1.02.

Jupiter Asset Management Ltd. purchased a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 136,177 shares of the company's stock, valued at approximately $1,480,000. Jupiter Asset Management Ltd. owned approximately 0.13% of CompoSecure at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Capital World Investors purchased a new stake in CompoSecure in the 4th quarter worth approximately $27,387,000. Divisadero Street Capital Management LP acquired a new stake in shares of CompoSecure during the fourth quarter worth $16,075,000. Nine Ten Capital Management LLC purchased a new stake in shares of CompoSecure in the fourth quarter valued at $13,925,000. Locust Wood Capital Advisers LLC grew its position in shares of CompoSecure by 19.1% in the fourth 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 during the period. Finally, Zuckerman Investment Group LLC increased its stake in CompoSecure by 85.0% in the fourth quarter. Zuckerman Investment Group LLC now owns 1,525,207 shares of the company's stock valued at $24,098,000 after purchasing an additional 700,858 shares during the last quarter. Institutional investors and hedge funds own 37.56% of the company's stock.

CompoSecure Trading Up 19.5%

NASDAQ:CMPO traded up $2.81 on Friday, hitting $17.21. 2,806,449 shares of the stock were exchanged, compared to its average volume of 918,564. The stock has a fifty day moving average of $14.22 and a 200-day moving average of $13.19. The stock has a market cap of $1.76 billion, a PE ratio of -15.60 and a beta of 0.94. CompoSecure, Inc. has a fifty-two week low of $9.24 and a fifty-two week 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. As a group, analysts predict that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price target on shares of CompoSecure in a research note on Tuesday, May 13th. Benchmark increased their price objective on shares of CompoSecure from $14.00 to $17.00 and gave the stock a "buy" rating in a report on Friday. Finally, Wall Street Zen downgraded shares of CompoSecure from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.