North Star Investment Management Corp. Sells 148,735 Shares of Compass Diversified Holdings $CODI

North Star Investment Management Corp. lessened its holdings in Compass Diversified Holdings (NYSE:CODI) by 53.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 127,907 shares of the financial services provider’s stock after selling 148,735 shares during the quarter. North Star Investment Management Corp.’s holdings in Compass Diversified were worth $847,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. State of Wyoming bought a new stake in shares of Compass Diversified in the 1st quarter valued at approximately $51,000. Cubist Systematic Strategies LLC boosted its stake in Compass Diversified by 80.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 45,440 shares of the financial services provider’s stock valued at $848,000 after buying an additional 20,203 shares in the last quarter. AQR Capital Management LLC bought a new stake in Compass Diversified in the first quarter valued at $294,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Compass Diversified by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock worth $740,000 after acquiring an additional 1,728 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in Compass Diversified by 73.6% during the first quarter. Dynamic Technology Lab Private Ltd now owns 38,560 shares of the financial services provider’s stock worth $720,000 after acquiring an additional 16,346 shares in the last quarter. 72.73% of the stock is owned by institutional investors and hedge funds.

Compass Diversified Stock Up 1.3%

Shares of NYSE:CODI opened at $4.83 on Wednesday. The firm has a market cap of $363.63 million, a P/E ratio of -3.33 and a beta of 1.06. Compass Diversified Holdings has a 12 month low of $4.58 and a 12 month high of $22.47. The company’s 50-day moving average price is $5.73 and its two-hundred day moving average price is $6.54.

Wall Street Analysts Forecast Growth

CODI has been the topic of several analyst reports. Wall Street Zen lowered shares of Compass Diversified from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. CJS Securities raised shares of Compass Diversified to a “hold” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Compass Diversified in a report on Friday, December 26th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.00.

Compass Diversified Company 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.