Sei Investments Co. Increases Stock Holdings in Compass Diversified Holdings $CODI

Sei Investments Co. raised its stake in shares of Compass Diversified Holdings (NYSE:CODI) by 69.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 286,033 shares of the financial services provider’s stock after purchasing an additional 117,423 shares during the quarter. Sei Investments Co.’s holdings in Compass Diversified were worth $2,248,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CODI. SG Capital Management LLC bought a new position in Compass Diversified in the fourth quarter worth about $7,626,000. CenterBook Partners LP bought a new position in shares of Compass Diversified in the 4th quarter worth approximately $6,597,000. Western Standard LLC purchased a new position in shares of Compass Diversified in the 4th quarter valued at approximately $5,592,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Compass Diversified during the fourth quarter valued at approximately $4,099,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in Compass Diversified by 75.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,966,408 shares of the financial services provider’s stock worth $9,439,000 after purchasing an additional 843,965 shares during the period. Institutional investors own 72.73% of the company’s stock.

Compass Diversified Price Performance

NYSE CODI opened at $10.98 on Friday. The company has a 50-day moving average price of $10.35 and a 200-day moving average price of $9.20. Compass Diversified Holdings has a 52 week low of $4.58 and a 52 week high of $12.64. The company has a quick ratio of 1.56, a current ratio of 2.67 and a debt-to-equity ratio of 34.60. The firm has a market capitalization of $825.94 million, a P/E ratio of -2.81 and a beta of 1.27.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Compass Diversified in a report on Friday, July 17th. TD Cowen reiterated a “buy” rating and set a $12.50 target price on shares of Compass Diversified in a report on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Compass Diversified presently has a consensus rating of “Hold” and a consensus target price of $12.67.

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.