Principal Financial Group Inc. Buys Shares of 10,432 CompoSecure, Inc. (NASDAQ:CMPO)

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

Other large investors have also added to or reduced their stakes in the company. CWM LLC grew its position in shares of CompoSecure by 205.9% during the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after purchasing an additional 2,461 shares in the last quarter. Sandia Investment Management LP bought a new stake in CompoSecure during the second quarter valued at $68,000. nVerses Capital LLC bought a new position in CompoSecure in the 3rd quarter worth about $72,000. Ritholtz Wealth Management purchased a new stake in shares of CompoSecure in the 2nd quarter valued at about $84,000. Finally, Algert Global LLC bought a new position in shares of CompoSecure in the 2nd quarter worth $84,000. Institutional investors own 37.56% of the company’s stock.

Analyst Upgrades and Downgrades

CMPO has been the topic of a number of analyst reports. Lake Street Capital lifted their target price on shares of CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. raised their target price on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Benchmark restated a “buy” rating and set a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th. Needham & Company LLC restated a “buy” rating and issued a $16.00 price target on shares of CompoSecure in a research note on Monday, November 11th. Finally, Compass Point increased their price target on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $15.79.

Insider Activity

In related news, Director Michele Logan sold 10,017,983 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the completion of the sale, the director now directly owns 2,043,320 shares in the company, valued at approximately $15,427,066. This trade represents a 83.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jonathan Wilk sold 618,014 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total value of $4,666,005.70. Following the completion of the transaction, the chief executive officer now directly owns 618,013 shares in the company, valued at approximately $4,665,998.15. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,641,727 shares of company stock worth $80,370,824 in the last quarter. Corporate insiders own 74.99% of the company’s stock.

CompoSecure Price Performance

Shares of CMPO stock opened at $15.70 on Tuesday. The stock’s fifty day moving average price is $14.51 and its 200 day moving average price is $10.52. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -35.68, a price-to-earnings-growth ratio of 1.27 and a beta of 0.76. CompoSecure, Inc. has a 1-year low of $4.61 and a 1-year high of $16.23.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings data on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $107.14 million during the quarter, compared to analyst estimates of $105.11 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. During the same quarter in the previous year, the company earned $0.24 EPS. As a group, equities research analysts anticipate that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

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.