California State Teachers Retirement System Purchases 21,346 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

California State Teachers Retirement System grew its stake in CompoSecure, Inc. (NASDAQ:CMPO) by 1,181.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,152 shares of the company’s stock after acquiring an additional 21,346 shares during the period. California State Teachers Retirement System’s holdings in CompoSecure were worth $355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors bought a new position in shares of CompoSecure during the fourth quarter valued at approximately $27,387,000. Divisadero Street Capital Management LP purchased a new stake in CompoSecure during the fourth quarter worth $16,075,000. Nine Ten Capital Management LLC bought a new stake in CompoSecure during the 4th quarter valued at $13,925,000. Locust Wood Capital Advisers LLC increased its holdings in shares of CompoSecure by 19.1% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 4,579,143 shares of the company’s stock valued at $70,198,000 after acquiring an additional 734,202 shares during the period. Finally, Zuckerman Investment Group LLC increased its holdings in shares of CompoSecure by 85.0% in the 4th quarter. Zuckerman Investment Group LLC now owns 1,525,207 shares of the company’s stock valued at $24,098,000 after acquiring an additional 700,858 shares during the period. Institutional investors own 37.56% of the company’s stock.

CompoSecure Stock Up 3.2%

Shares of CompoSecure stock opened at $14.19 on Friday. The firm has a market cap of $1.45 billion, a PE ratio of -32.25, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. CompoSecure, Inc. has a 52 week low of $6.13 and a 52 week high of $17.71. The business’s fifty day simple moving average is $11.94 and its 200-day simple moving average is $13.53.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $103.90 million during the quarter, compared to analysts’ expectations of $103.22 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. As a group, equities analysts expect that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Insider Buying and Selling at CompoSecure

In other CompoSecure news, insider Adam Joseph Lowe sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the transaction, the insider now owns 1,481,036 shares in the company, valued at approximately $16,306,206.36. The trade was a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph J. Deangelo purchased 45,045 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was bought at an average price of $11.12 per share, with a total value of $500,900.40. Following the acquisition, the director now directly owns 45,045 shares in the company, valued at approximately $500,900.40. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 52.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CMPO has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of CompoSecure from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. cut their price target on shares of 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 price objective on CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of CompoSecure in a research report on Tuesday, May 13th. Two 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, CompoSecure presently 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.