Thrivent Financial for Lutherans Acquires Shares of 1,650,652 CompoSecure, Inc. $CMPO

Thrivent Financial for Lutherans bought a new position in shares of CompoSecure, Inc. (NASDAQ:CMPO) during the third quarter, Holdings Channel.com reports. The firm bought 1,650,652 shares of the company’s stock, valued at approximately $34,367,000.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. raised its position in CompoSecure by 4.2% in the 2nd quarter. Raymond James Financial Inc. now owns 15,825 shares of the company’s stock worth $223,000 after purchasing an additional 639 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of CompoSecure by 25.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company’s stock valued at $49,000 after buying an additional 713 shares during the period. Blue Trust Inc. raised its position in shares of CompoSecure by 3.7% during the third quarter. Blue Trust Inc. now owns 25,867 shares of the company’s stock worth $539,000 after acquiring an additional 934 shares during the last quarter. California State Teachers Retirement System raised its position in shares of CompoSecure by 4.0% during the second quarter. California State Teachers Retirement System now owns 24,089 shares of the company’s stock worth $339,000 after acquiring an additional 937 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of CompoSecure by 15.0% during the second quarter. AlphaQuest LLC now owns 7,625 shares of the company’s stock valued at $107,000 after acquiring an additional 994 shares during the period. 37.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Needham & Company LLC upped their target price on shares of CompoSecure from $22.00 to $25.00 and gave the company a “buy” rating in a research report 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 reiterated a “buy” rating on shares of CompoSecure in a research report on Wednesday, December 24th. TD Cowen restated a “buy” rating on shares of CompoSecure in a research report on Tuesday, November 4th. Finally, Benchmark raised their target price on CompoSecure from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $25.50.

CompoSecure Stock Performance

Shares of CMPO opened at $23.57 on Tuesday. The stock has a 50 day simple moving average of $21.24 and a 200 day simple moving average of $19.70. CompoSecure, Inc. has a 52-week low of $9.24 and a 52-week high of $26.78. The firm has a market capitalization of $2.98 billion, a PE ratio of -14.03 and a beta of 0.98.

About CompoSecure

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.