Thrivent Financial for Lutherans Makes New Investment in CompoSecure, Inc. $CMPO

Thrivent Financial for Lutherans purchased a new position in CompoSecure, Inc. (NASDAQ:CMPO) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,650,652 shares of the company’s stock, valued at approximately $34,367,000. Thrivent Financial for Lutherans owned about 1.61% of CompoSecure at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc grew its position in shares of CompoSecure by 291.8% in the third quarter. Versant Capital Management Inc now owns 2,018 shares of the company’s stock valued at $42,000 after purchasing an additional 1,503 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of CompoSecure by 25.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company’s stock worth $49,000 after purchasing an additional 713 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in CompoSecure by 80.0% in the second quarter. Ameritas Investment Partners Inc. now owns 4,488 shares of the company’s stock worth $63,000 after purchasing an additional 1,995 shares during the period. AlphaQuest LLC boosted its stake in CompoSecure by 15.0% during the second quarter. AlphaQuest LLC now owns 7,625 shares of the company’s stock worth $107,000 after buying an additional 994 shares in the last quarter. Finally, KLP Kapitalforvaltning AS raised its stake in shares of CompoSecure by 73.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,500 shares of the company’s stock valued at $120,000 after buying an additional 3,600 shares in the last quarter. Institutional investors own 37.56% of the company’s stock.

CompoSecure Trading Down 2.9%

NASDAQ:CMPO opened at $23.57 on Tuesday. The stock has a market capitalization of $2.98 billion, a P/E ratio of -14.03 and a beta of 0.98. CompoSecure, Inc. has a 1 year low of $9.24 and a 1 year high of $26.78. The firm has a 50 day moving average of $21.24 and a 200-day moving average of $19.70.

Wall Street Analysts Forecast Growth

CMPO has been the topic of a number of analyst reports. TD Cowen reissued a “buy” rating on shares of CompoSecure in a research note on Tuesday, November 4th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of CompoSecure in a report on Thursday, January 8th. Lake Street Capital reissued a “buy” rating on shares of CompoSecure in a report on Wednesday, December 24th. Benchmark raised their target price on CompoSecure from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Needham & Company LLC upped their price target on CompoSecure from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $25.50.

CompoSecure Company Profile

CompoSecure is a global provider of secure card and credential solutions, specializing in the design, manufacturing and personalization of payment cards, identification credentials and related services. The company develops a range of card products that include metal cards, composite cards and hybrid designs integrating advanced security features such as EMV chip technology, contactless interfaces and specialized surface treatments. CompoSecure’s offerings are tailored to the needs of banks, credit unions, fintech firms and government agencies seeking to differentiate their cards and enhance consumer engagement.

The company’s product portfolio extends beyond physical cards to encompass digital issuance and lifecycle management solutions.