CompoSecure, Inc. (NASDAQ:CMPO) Shares Purchased by Locust Wood Capital Advisers LLC

Key Points

• Locust Wood Capital Advisers LLC increased its holdings in CompoSecure, Inc. by 60.3%, acquiring an additional 2,759,872 shares, bringing its total ownership to approximately 7.34 million shares.
• Several other institutional investors notably increased their positions in CompoSecure during the first quarter, with a substantial 1,524.4% jump in holdings by GAMMA Investing LLC.
• Analysts have mixed ratings on CompoSecure, with two analysts issuing a hold rating while seven analysts have a buy rating and a consensus target price set at $16.19.

Locust Wood Capital Advisers LLC lifted its position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 60.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,339,015 shares of the company's stock after purchasing an additional 2,759,872 shares during the period. CompoSecure comprises about 2.5% of Locust Wood Capital Advisers LLC's holdings, making the stock its 22nd largest position. Locust Wood Capital Advisers LLC owned 7.17% of CompoSecure worth $79,775,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. GAMMA Investing LLC grew its holdings in CompoSecure by 1,524.4% during the first quarter. GAMMA Investing LLC now owns 2,794 shares of the company's stock worth $30,000 after acquiring an additional 2,622 shares during the period. MorganRosel Wealth Management LLC purchased a new position in CompoSecure during the first quarter worth $43,000. KLP Kapitalforvaltning AS acquired a new position in CompoSecure in the 4th quarter valued at about $75,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of CompoSecure by 71.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,547 shares of the company's stock valued at $115,000 after buying an additional 4,384 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of CompoSecure by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,339 shares of the company's stock worth $123,000 after purchasing an additional 1,138 shares during the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.

CompoSecure Price Performance

Shares of NASDAQ CMPO traded up $3.13 during mid-day trading on Friday, hitting $17.53. The company had a trading volume of 4,118,329 shares, compared to its average volume of 664,680. CompoSecure, Inc. has a 12 month low of $9.24 and a 12 month high of $17.71. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -10.43 and a beta of 0.94. The firm's 50 day simple moving average is $14.29 and its two-hundred day simple moving average is $13.19.

CompoSecure (NASDAQ:CMPO - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.06. CompoSecure had a negative net margin of 24.53% and a negative return on equity of 59.26%. The company had revenue of $103.90 million during the quarter, compared to the consensus estimate of $103.22 million. Equities analysts forecast that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of CompoSecure from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Needham & Company LLC reissued a "buy" rating and set a $15.00 target price on shares of CompoSecure in a research report on Tuesday, May 13th. Finally, Benchmark raised their price objective on CompoSecure from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.07.

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.