Principal Financial Group Inc. Buys New Stake in CompoSecure, Inc. (NASDAQ:CMPO)

Principal Financial Group Inc. purchased a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,432 shares of the company’s stock, valued at approximately $146,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. nVerses Capital LLC acquired a new stake in CompoSecure in the third quarter worth about $72,000. CWM LLC raised its position in shares of CompoSecure by 42.0% during the 3rd quarter. CWM LLC now owns 5,192 shares of the company’s stock worth $73,000 after buying an additional 1,536 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of CompoSecure in the 3rd quarter worth approximately $74,000. FMR LLC boosted its holdings in shares of CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after acquiring an additional 5,156 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of CompoSecure in the third quarter valued at approximately $140,000. Institutional investors own 37.56% of the company’s stock.

Insiders Place Their Bets

In other CompoSecure news, insider Adam Joseph Lowe sold 34,310 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.24, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Gregoire Maes sold 55,137 shares of CompoSecure stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.40, for a total value of $904,246.80. Following the transaction, the chief operating officer now directly owns 762,009 shares in the company, valued at approximately $12,496,947.60. This trade represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 180,660 shares of company stock worth $2,921,066. Corporate insiders own 74.99% of the company’s stock.

CompoSecure Stock Down 1.2 %

Shares of NASDAQ CMPO opened at $14.70 on Wednesday. CompoSecure, Inc. has a 12 month low of $4.61 and a 12 month high of $17.03. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -33.41, a P/E/G ratio of 2.65 and a beta of 0.77. The business has a fifty day simple moving average of $15.52 and a 200-day simple moving average of $12.59.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $107.14 million for the quarter, compared to analysts’ expectations of $105.11 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. During the same period in the prior year, the company posted $0.24 earnings per share. As a group, sell-side analysts expect that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CMPO has been the subject of a number of research analyst reports. Benchmark restated a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a research report on Tuesday, November 12th. JPMorgan Chase & Co. upped their price objective on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 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 on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price target on shares of CompoSecure in a research report on Monday, November 11th. Finally, B. Riley raised their price objective on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.81.

CompoSecure Company 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.