State of Wyoming Has $1.57 Million Position in CompoSecure, Inc. (NASDAQ:CMPO)

State of Wyoming lessened its stake in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 34.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,648 shares of the company's stock after selling 53,587 shares during the quarter. State of Wyoming owned about 0.12% of CompoSecure worth $1,574,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CMPO. Allspring Global Investments Holdings LLC acquired a new stake in CompoSecure during the 4th quarter valued at $526,000. JPMorgan Chase & Co. increased its holdings in shares of CompoSecure by 555.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company's stock valued at $728,000 after acquiring an additional 44,018 shares during the last quarter. Truist Financial Corp lifted its holdings in CompoSecure by 286.9% in the fourth quarter. Truist Financial Corp now owns 48,368 shares of the company's stock worth $741,000 after acquiring an additional 35,868 shares during the last quarter. Principal Financial Group Inc. increased its position in CompoSecure by 9.3% in the fourth quarter. Principal Financial Group Inc. now owns 11,399 shares of the company's stock worth $175,000 after buying an additional 967 shares during the period. Finally, 12th Street Asset Management Company LLC acquired a new position in CompoSecure during the 4th quarter valued at about $6,945,000. Hedge funds and other institutional investors own 37.56% of the company's stock.

Insider Activity at CompoSecure

In related news, insider Adam Joseph Lowe sold 18,818 shares of CompoSecure stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $10.97, for a total transaction of $206,433.46. Following the completion of the transaction, the insider now directly owns 1,486,036 shares of the company's stock, valued at $16,301,814.92. This trade represents a 1.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph J. Deangelo bought 45,045 shares of CompoSecure stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of $11.12 per share, for a total transaction of $500,900.40. Following the completion of the acquisition, the director now directly owns 45,045 shares in the company, valued at $500,900.40. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 34,340 shares of company stock worth $430,701. 74.99% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CMPO shares. Wall Street Zen lowered shares of CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday. JPMorgan Chase & Co. lowered their price target on CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Lake Street Capital decreased their target price on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Finally, 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $16.19.

CompoSecure Price Performance

NASDAQ:CMPO remained flat at $12.69 during mid-day trading on Friday. The company had a trading volume of 414,884 shares, compared to its average volume of 844,872. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -28.86, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87. The firm's 50 day moving average price is $11.13 and its 200 day moving average price is $13.65. CompoSecure, Inc. has a 1 year low of $5.98 and a 1 year high of $17.71.

CompoSecure (NASDAQ:CMPO - Get Free Report) last issued 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 return on equity of 14.87% and a negative net margin of 5.63%. The firm had revenue of $103.90 million for the quarter, compared to analyst estimates of $103.22 million. On average, equities analysts forecast that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

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.