Goldman Sachs Group Inc. cut its stake in Compass Diversified Holdings (NYSE:CODI) by 5.4% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 101,090 shares of the financial services provider’s stock after selling 5,736 shares during the period. Goldman Sachs Group Inc. owned about 0.17% of Compass Diversified Holdings worth $1,678,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. McKinley Carter Wealth Services Inc. boosted its position in shares of Compass Diversified Holdings by 1.9% in the first quarter. McKinley Carter Wealth Services Inc. now owns 14,314 shares of the financial services provider’s stock valued at $238,000 after buying an additional 273 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Compass Diversified Holdings by 2.3% in the first quarter. Envestnet Asset Management Inc. now owns 13,318 shares of the financial services provider’s stock valued at $221,000 after buying an additional 305 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Compass Diversified Holdings by 6.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 42,409 shares of the financial services provider’s stock valued at $704,000 after buying an additional 2,641 shares during the last quarter. Essex Financial Services Inc. boosted its position in shares of Compass Diversified Holdings by 9.0% in the first quarter. Essex Financial Services Inc. now owns 619,076 shares of the financial services provider’s stock valued at $1,028,000 after buying an additional 51,250 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Compass Diversified Holdings by 21.4% in the first quarter. Ameriprise Financial Inc. now owns 31,474 shares of the financial services provider’s stock valued at $522,000 after buying an additional 5,556 shares during the last quarter. Institutional investors and hedge funds own 37.06% of the company’s stock.

Compass Diversified Holdings (NYSE:CODI) traded down 0.57% during midday trading on Monday, reaching $17.45. 16,457 shares of the company’s stock were exchanged. Compass Diversified Holdings has a 12 month low of $15.90 and a 12 month high of $19.50. The firm has a 50 day moving average of $17.27 and a 200-day moving average of $16.86. The stock has a market cap of $1.05 billion, a PE ratio of 112.58 and a beta of 0.57.

Compass Diversified Holdings (NYSE:CODI) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported ($0.53) EPS for the quarter, missing the consensus estimate of $0.37 by $0.90. The business had revenue of $307.38 million for the quarter, compared to analysts’ expectations of $302.86 million. Compass Diversified Holdings had a return on equity of 6.42% and a net margin of 2.20%. The company’s revenue was up 43.5% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. On average, equities research analysts predict that Compass Diversified Holdings will post $1.56 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 20th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 8.21%. The ex-dividend date was Tuesday, July 18th. Compass Diversified Holdings’s dividend payout ratio (DPR) is presently -276.92%.

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CODI has been the topic of several research reports. Zacks Investment Research raised shares of Compass Diversified Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, June 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Compass Diversified Holdings in a report on Thursday, June 8th. BidaskClub raised shares of Compass Diversified Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. TheStreet raised shares of Compass Diversified Holdings from a “c+” rating to a “b” rating in a report on Friday, July 7th. Finally, ValuEngine lowered shares of Compass Diversified Holdings from a “hold” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.25.

In other Compass Diversified Holdings news, insider Alan B. Offenberg purchased 60,000 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were purchased at an average cost of $16.84 per share, with a total value of $1,010,400.00. Following the completion of the purchase, the insider now owns 500,852 shares of the company’s stock, valued at approximately $8,434,347.68. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Elias Sabo purchased 30,000 shares of the firm’s stock in a transaction on Tuesday, May 9th. The shares were acquired at an average cost of $16.14 per share, for a total transaction of $484,200.00. Following the completion of the purchase, the insider now directly owns 485,549 shares of the company’s stock, valued at approximately $7,836,760.86. The disclosure for this purchase can be found here. Insiders have acquired 93,000 shares of company stock worth $1,543,320 over the last three months. Insiders own 2.40% of the company’s stock.

About Compass Diversified Holdings

Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.

Institutional Ownership by Quarter for Compass Diversified Holdings (NYSE:CODI)

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