Mackenzie Financial Corp Makes New $568,000 Investment in CompoSecure, Inc. (NASDAQ:CMPO)

Key Points

• Mackenzie Financial Corp has made a new investment of $568,000 in CompoSecure, acquiring 52,257 shares of the company's stock, representing approximately 0.05% ownership.
• Several institutional investors, including Capital World Investors and Zuckerman Investment Group, have also recently acquired substantial stakes in CompoSecure, bringing institutional ownership to 37.56%.
• CompoSecure reported earnings of $0.25 per share, exceeding analysts' expectations, and had a revenue of $103.90 million for the last quarter.

Mackenzie Financial Corp bought a new stake in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 52,257 shares of the company's stock, valued at approximately $568,000. Mackenzie Financial Corp owned 0.05% of CompoSecure at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE grew its holdings 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 worth $9,983,000 after purchasing an additional 532,708 shares during the last quarter. Squarepoint Ops LLC grew its stake in CompoSecure by 29.7% in the 4th 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. Allspring Global Investments Holdings LLC increased its position in shares of CompoSecure by 82.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 62,563 shares of the company's stock worth $684,000 after acquiring an additional 28,281 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of CompoSecure during the first quarter valued at approximately $726,000. Finally, Northern Trust Corp boosted its holdings in shares of CompoSecure by 14.1% in the fourth quarter. Northern Trust Corp now owns 242,854 shares of the company's stock valued at $3,723,000 after purchasing an additional 30,086 shares during the period. Institutional investors own 37.56% of the company's stock.

CompoSecure Price Performance

Shares of CompoSecure stock traded up $3.13 during trading on Friday, hitting $17.53. 4,118,329 shares of the stock were exchanged, compared to its average volume of 928,292. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -15.94 and a beta of 0.94. The firm's 50-day moving average price is $14.22 and its 200 day moving average price is $13.19. CompoSecure, Inc. has a 12-month low of $9.24 and a 12-month high of $17.71.

CompoSecure (NASDAQ:CMPO - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.25 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 business had revenue of $103.90 million during the quarter, compared to analysts' expectations of $103.22 million. As a group, research analysts forecast that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on CMPO. Benchmark raised their price objective on CompoSecure from $14.00 to $17.00 and gave the stock a "buy" rating in a report on Friday. Wall Street Zen lowered CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Needham & Company LLC restated a "buy" rating and issued a $15.00 price objective on shares of CompoSecure in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.