State Street Corp Purchases 66,232 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

State Street Corp raised its holdings in CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 20.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 395,691 shares of the company's stock after acquiring an additional 66,232 shares during the period. State Street Corp owned about 0.45% of CompoSecure worth $5,548,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Woodson Capital Management LP acquired a new stake in CompoSecure in the 3rd quarter valued at approximately $10,795,000. Concentric Capital Strategies LP acquired a new stake in shares of CompoSecure in the third quarter valued at approximately $5,445,000. Progeny 3 Inc. bought a new stake in shares of CompoSecure in the third quarter worth $5,243,000. Pacific Ridge Capital Partners LLC boosted its holdings in CompoSecure by 146.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company's stock worth $3,308,000 after purchasing an additional 289,451 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of CompoSecure in the third quarter valued at approximately $3,766,000. 37.56% of the stock is currently owned by institutional investors.

Insider Activity at CompoSecure

In other CompoSecure news, insider Adam Joseph Lowe sold 34,310 shares of the firm's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.24, for a total value of $557,194.40. Following the completion of the sale, the insider now directly owns 1,315,068 shares in the company, valued at approximately $21,356,704.32. This trade represents a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Gregoire Maes sold 55,137 shares of CompoSecure stock in a transaction on Friday, December 6th. The shares were sold at an average price of $16.40, for a total transaction of $904,246.80. Following the completion of the sale, the chief operating officer now directly owns 762,009 shares of the company's stock, valued at approximately $12,496,947.60. This trade represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 180,660 shares of company stock worth $2,921,066 over the last quarter. Company insiders own 74.99% of the company's stock.

CompoSecure Trading Down 1.4 %

NASDAQ:CMPO traded down $0.23 during mid-day trading on Friday, hitting $15.85. 849,784 shares of the company's stock were exchanged, compared to its average volume of 553,601. CompoSecure, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $17.03. The firm has a market capitalization of $1.40 billion, a P/E ratio of -36.02, a PEG ratio of 2.65 and a beta of 0.76. The company has a 50 day simple moving average of $15.52 and a 200-day simple moving average of $12.15.

CompoSecure (NASDAQ:CMPO - Get Free Report) last announced its earnings results on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The company had revenue of $107.14 million for the quarter, compared to the consensus estimate of $105.11 million. During the same period in the prior year, the business earned $0.24 earnings per share. As a group, analysts expect that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. B. Riley upped their target price on CompoSecure from $18.00 to $23.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Lake Street Capital upped their price objective on CompoSecure from $14.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. TD Cowen began coverage on CompoSecure in a report on Wednesday, December 18th. They set a "buy" rating and a $20.00 target price for the company. Needham & Company LLC reissued a "buy" rating and issued a $16.00 target price on shares of CompoSecure in a research report on Monday, November 11th. Finally, Benchmark reaffirmed a "buy" rating and set a $17.00 price target on shares of CompoSecure in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.81.

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.