Compass Diversified (NYSE:CODI) Insider Purchases $229,400.00 in Stock

Compass Diversified Holdings (NYSE:CODI) insider Eugene Kim acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of $11.47 per share, with a total value of $229,400.00. Following the completion of the transaction, the insider owned 20,000 shares in the company, valued at $229,400. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Compass Diversified Stock Up 2.0%

Shares of NYSE CODI opened at $11.48 on Friday. Compass Diversified Holdings has a 1 year low of $4.58 and a 1 year high of $13.25. The firm has a market cap of $863.71 million, a price-to-earnings ratio of -5.29 and a beta of 1.27. The company has a debt-to-equity ratio of 11.90, a quick ratio of 1.10 and a current ratio of 2.26. The stock’s 50-day simple moving average is $10.75 and its 200-day simple moving average is $9.79.

Compass Diversified (NYSE:CODI) last released its quarterly earnings results on Monday, August 10th. The financial services provider reported ($0.09) EPS for the quarter. The business 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%. As a group, equities analysts anticipate that Compass Diversified Holdings will post 0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CODI shares. TD Cowen increased their target price on Compass Diversified from $12.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. B. Riley Financial upgraded 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 note on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Diversified in a report on Friday, July 17th. UBS Group set a $18.00 price objective on shares of Compass Diversified in a research note on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.50.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its holdings in shares of Compass Diversified by 174.8% in the 2nd quarter. California State Teachers Retirement System now owns 9,999 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 6,361 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Compass Diversified during the 2nd quarter valued at approximately $1,424,000. Empowered Funds LLC bought a new position in Compass Diversified during the first quarter worth $222,000. Essential Partners LLC lifted its stake in Compass Diversified by 9,263.2% during the first quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 5,280 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings 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 purchasing an additional 570,003 shares during the period. Institutional investors own 72.73% of the company’s stock.

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.