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 stake in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F 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 0.13% of CompoSecure as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CMPO. GAMMA Investing LLC raised its position in shares of CompoSecure by 1,524.4% in the first quarter. GAMMA Investing LLC now owns 2,794 shares of the company's stock valued at $30,000 after purchasing an additional 2,622 shares during the period. MorganRosel Wealth Management LLC bought a new stake in shares of CompoSecure in the first quarter valued at approximately $43,000. KLP Kapitalforvaltning AS bought a new stake in shares of CompoSecure in the fourth quarter valued at approximately $75,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CompoSecure by 71.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,547 shares of the company's stock valued at $115,000 after purchasing an additional 4,384 shares during the period. Finally, Summit Trail Advisors LLC bought a new stake in CompoSecure during the 1st quarter worth approximately $129,000. Institutional investors own 37.56% of the company's stock.

CompoSecure Stock Up 1.6%

Shares of CompoSecure stock traded up $0.23 during trading on Wednesday, reaching $14.37. The company's stock had a trading volume of 564,154 shares, compared to its average volume of 647,574. CompoSecure, Inc. has a 52-week low of $7.44 and a 52-week high of $17.71. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 13.34 and a beta of 0.94. The firm's 50-day moving average is $14.19 and its two-hundred day moving average is $13.18.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CMPO. 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 shares of CompoSecure from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $16.19.

CompoSecure 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.