Compass Diversified Holdings $CODI Stock Holdings Increased by Mangrove Partners IM LLC

Mangrove Partners IM LLC boosted its holdings in shares of Compass Diversified Holdings (NYSE:CODI) by 48.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,684,800 shares of the financial services provider’s stock after purchasing an additional 1,206,524 shares during the period. Compass Diversified makes up approximately 2.0% of Mangrove Partners IM LLC’s holdings, making the stock its 21st biggest position. Mangrove Partners IM LLC owned about 4.90% of Compass Diversified worth $24,393,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd grew its position in Compass Diversified by 738.4% in the second quarter. Qube Research & Technologies Ltd now owns 784,746 shares of the financial services provider’s stock worth $4,928,000 after buying an additional 691,144 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Compass Diversified during the 2nd quarter valued at $3,346,000. First Trust Advisors LP lifted its position in shares of Compass Diversified by 1,535.1% during the 3rd quarter. First Trust Advisors LP now owns 439,421 shares of the financial services provider’s stock valued at $2,909,000 after acquiring an additional 412,547 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Compass Diversified during the 2nd quarter worth $2,017,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Compass Diversified by 181.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 483,687 shares of the financial services provider’s stock worth $3,038,000 after acquiring an additional 311,733 shares in the last quarter. 72.73% of the stock is currently owned by institutional investors.

Compass Diversified Price Performance

Shares of NYSE:CODI opened at $6.05 on Friday. The company’s fifty day moving average is $6.37 and its two-hundred day moving average is $6.46. The company has a market cap of $454.83 million, a P/E ratio of -1.56 and a beta of 1.04. Compass Diversified Holdings has a 12-month low of $4.58 and a 12-month high of $20.07. The company has a quick ratio of 1.26, a current ratio of 2.42 and a debt-to-equity ratio of 19.20.

Compass Diversified (NYSE:CODI) last issued its earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) EPS for the quarter, missing the consensus estimate of $0.61 by ($1.59). Compass Diversified had a positive return on equity of 24.48% and a negative net margin of 12.09%. Equities analysts expect that Compass Diversified Holdings will post 1.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CODI has been the topic of a number of recent analyst reports. Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Raymond James Financial began coverage on Compass Diversified in a research report on Wednesday. They issued a “hold” rating for the company. CJS Securities raised Compass Diversified to an “outperform” rating in a research note on Tuesday, January 27th. Compass Point set a $15.00 price objective on Compass Diversified in a report on Tuesday, January 27th. Finally, Zacks Research lowered shares of Compass Diversified from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $11.50.

Compass Diversified Profile

Compass Diversified Holdings (NYSE:CODI) is a publicly traded private equity company headquartered in Bethesda, Maryland. The firm specializes in acquiring and managing middle-market businesses across a variety of industries, with a focus on driving operational performance and sustainable growth. As an externally managed entity, Compass Diversified leverages a disciplined investment approach to build a portfolio of market-leading companies that benefit from strategic oversight, capital support and shared best practices.

Compass Diversified’s investment activities span five core sectors: branded consumer, consumer services, differentiated industrial products, value-added distribution and business services.