Compass Diversified (NYSE:CODI) Insider Purchases 20,000 Shares of Stock

Compass Diversified Holdings (NYSE:CODI) insider Eugene Kim bought 20,000 shares of Compass Diversified stock in a transaction on Wednesday, August 26th. The shares were bought at an average price of $11.47 per share, for a total transaction of $229,400.00. Following the acquisition, the insider owned 20,000 shares of the company’s stock, valued at approximately $229,400. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Compass Diversified Trading Down 0.8%

Shares of Compass Diversified stock traded down $0.09 during trading on Thursday, hitting $11.29. 349,180 shares of the company were exchanged, compared to its average volume of 1,080,853. The company has a debt-to-equity ratio of 11.90, a current ratio of 2.26 and a quick ratio of 1.10. The firm has a market capitalization of $849.26 million, a P/E ratio of -5.20 and a beta of 1.27. The firm’s fifty day moving average price is $10.70 and its 200 day moving average price is $9.75. Compass Diversified Holdings has a 1-year low of $4.58 and a 1-year high of $13.25.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings results on Monday, August 10th. The financial services provider reported ($0.09) earnings per share for the quarter. Compass Diversified had a negative net margin of 5.38% and a negative return on equity of 10.36%. The firm had revenue of $424.04 million during the quarter. As a group, sell-side analysts expect that Compass Diversified Holdings will post 0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CODI shares. B. Riley Financial raised shares of Compass Diversified from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $11.00 to $15.00 in a research report on Tuesday, August 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Compass Diversified in a research report on Friday, July 17th. TD Cowen raised their price objective on Compass Diversified from $12.50 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered Compass Diversified from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, UBS Group set a $18.00 target price on Compass Diversified in a research note on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CODI. Jacobs Levy Equity Management Inc. boosted its holdings in shares of 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 valued at $9,439,000 after buying an additional 843,965 shares during the period. SG Capital Management LLC acquired a new stake in shares of Compass Diversified during the fourth quarter worth $7,626,000. CenterBook Partners LP bought a new stake in Compass Diversified in the 4th quarter valued at $6,597,000. Bank of America Corp DE lifted its position in Compass Diversified by 77.4% in the 1st quarter. Bank of America Corp DE now owns 1,306,527 shares of the financial services provider’s stock valued at $10,269,000 after acquiring an additional 570,003 shares in the last quarter. Finally, State Street Corp boosted its stake in Compass Diversified by 2.3% in the 4th quarter. State Street Corp now owns 1,238,792 shares of the financial services provider’s stock worth $5,946,000 after purchasing an additional 27,774 shares during the period. Institutional investors own 72.73% of the company’s stock.

About Compass Diversified

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.