Compass Diversified (NYSE:CODI) Insider Larry Enterline Buys 67,114 Shares of Stock

Compass Diversified Holdings (NYSE:CODI) insider Larry Enterline purchased 67,114 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of $12.42 per share, for a total transaction of $833,555.88. Following the completion of the acquisition, the insider owned 100,000 shares in the company, valued at $1,242,000. This represents a 204.08% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Compass Diversified Trading Up 3.4%

Shares of CODI opened at $12.70 on Friday. The company has a debt-to-equity ratio of 11.90, a current ratio of 2.26 and a quick ratio of 1.56. Compass Diversified Holdings has a 1 year low of $4.58 and a 1 year high of $13.25. The company has a 50 day simple moving average of $10.48 and a two-hundred day simple moving average of $9.43. The firm has a market cap of $955.35 million, a P/E ratio of -5.85 and a beta of 1.27.

Compass Diversified (NYSE:CODI) last released its earnings results on Monday, August 10th. The financial services provider reported ($0.09) EPS for the quarter. The company had revenue of $424.04 million during the quarter. Compass Diversified had a negative return on equity of 10.36% and a negative net margin of 5.38%. On average, equities analysts expect that Compass Diversified Holdings will post 0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Compass Diversified

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC purchased a new stake in shares of Compass Diversified in the first quarter valued at approximately $294,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Compass Diversified by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock valued at $740,000 after buying an additional 1,728 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Compass Diversified by 6.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,458 shares of the financial services provider’s stock worth $2,884,000 after purchasing an additional 10,006 shares in the last quarter. Jane Street Group LLC lifted its position in Compass Diversified by 345.5% during the 1st quarter. Jane Street Group LLC now owns 193,907 shares of the financial services provider’s stock worth $3,620,000 after acquiring an additional 150,386 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Compass Diversified by 5.5% in the second quarter. Geode Capital Management LLC now owns 862,549 shares of the financial services provider’s stock valued at $5,416,000 after purchasing an additional 44,938 shares during the period. 72.73% of the stock is currently owned by institutional investors.

Compass Diversified News Roundup

Here are the key news stories impacting Compass Diversified this week:

• Positive Sentiment: Analyst upgrades and higher targets: B. Riley Financial upgraded CODI from “Neutral” to “Buy” and raised its price target from $11 to $15. TD Cowen increased its target from $12.50 to $18 and maintained a “Buy” rating, while UBS also set an $18 target. The higher targets are above recent trading levels and likely improved investor sentiment. B. Riley Financial upgrades Compass Diversified
• Positive Sentiment: Multiple insider purchases: Zachary T. Sawtelle bought 25,000 shares for approximately $299,750 on August 12 and another 7,000 shares for $87,150 on August 13. Stephen Keller purchased 10,000 shares for about $120,100. The transactions materially increased their ownership and may signal that insiders believe CODI is undervalued or expect a business recovery. SEC insider ownership filing
• Positive Sentiment: Turnaround and transaction optimism: Reports have highlighted a $292 million sale and potential management-fee savings, reinforcing the possibility of improved liquidity, lower expenses and stronger portfolio performance. Compass Diversified’s $292 million sale
• Neutral Sentiment: Unusual options activity: Elevated options volume shows increased attention around CODI and could amplify near-term volatility, but it does not establish a clear bullish or bearish direction. Unusual options trading in Compass Diversified
• Negative Sentiment: Losses remain a risk: CODI reported a quarterly loss of $0.09 per share, negative net margin and negative return on equity. Its recovery case therefore depends on successfully improving portfolio-company performance and converting recent strategic developments into sustained earnings.

Analyst Upgrades and Downgrades

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

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.