Compass Diversified Sees Unusually High Options Volume (NYSE:CODI)

Compass Diversified Holdings (NYSE:CODI) was the recipient of some unusual options trading on Thursday. Investors acquired 21,178 call options on the stock. This is an increase of approximately 2,266% compared to the typical daily volume of 895 call options.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. LADENBURG THALM/SH SH started coverage on shares of Compass Diversified in a research note on Tuesday, October 13th. They set a “buy” rating and a $17.00 price objective on the stock. Wall Street Zen raised shares of Compass Diversified from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. UBS Group set a $18.00 target price on shares of Compass Diversified in a research report on Tuesday, August 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Compass Diversified in a research note on Thursday, October 15th. Finally, Compass Point set a $17.00 target price on shares of Compass Diversified in a research note on Tuesday, October 13th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.00.

Compass Diversified Price Performance

NYSE CODI traded up $0.04 on Thursday, reaching $10.32. 116,525 shares of the stock traded hands, compared to its average volume of 983,280. The firm’s fifty day simple moving average is $11.23 and its 200 day simple moving average is $10.93. The company has a quick ratio of 1.10, a current ratio of 2.26 and a debt-to-equity ratio of 11.90. The company has a market cap of $776.63 million, a price-to-earnings ratio of -4.76 and a beta of 1.30. Compass Diversified has a 12 month low of $4.58 and a 12 month high of $13.25.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings results on Monday, August 10th. The financial services provider reported ($0.09) earnings per share (EPS) 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 for the quarter. As a group, research analysts predict that Compass Diversified will post 0.08 EPS for the current fiscal year.

Insider Activity

In other Compass Diversified news, insider Teri Shaffer purchased 11,881 shares of Compass Diversified stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $12.25 per share, for a total transaction of $145,542.25. Following the transaction, the insider owned 13,201 shares of the company’s stock, valued at $161,712.25. The trade was a 900.08% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Zachary T. Sawtelle purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was acquired at an average cost of $12.45 per share, with a total value of $87,150.00. Following the purchase, the insider owned 63,588 shares of the company’s stock, valued at approximately $791,670.60. This represents a 12.37% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 140,995 shares of company stock worth $1,715,498 over the last ninety days. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CODI. Public Employees Retirement System of Ohio bought a new position in Compass Diversified during the second quarter valued at about $1,424,000. Renaissance Technologies LLC acquired a new position in Compass Diversified during the first quarter worth about $736,000. Bank of America Corp DE raised its position in Compass Diversified by 77.4% in the first quarter. Bank of America Corp DE now owns 1,306,527 shares of the financial services provider’s stock worth $10,269,000 after acquiring an additional 570,003 shares in the last quarter. Sei Investments Co. raised its position in Compass Diversified by 69.6% in the first quarter. Sei Investments Co. now owns 286,033 shares of the financial services provider’s stock worth $2,248,000 after acquiring an additional 117,423 shares in the last quarter. Finally, Oak Family Advisors LLC bought a new stake in Compass Diversified in the first quarter worth about $1,372,000. Institutional investors own 72.73% of the company’s stock.

About Compass Diversified

Compass Diversified is a holding company that acquires and manages controlling interests in middle-market businesses. Rather than operating as a single-product company, it owns a diversified portfolio of subsidiaries across consumer and industrial markets and provides them with capital, strategic guidance and operational support.

The company’s portfolio has included businesses that develop and sell outdoor and recreational equipment, apparel and accessories, home and wellness products, food and beverage items, and specialty industrial products.