Compass Diversified Holdings (NYSE:CODI - Get Free Report) insider Stephen Keller purchased 30,000 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was bought at an average cost of $8.61 per share, with a total value of $258,300.00. Following the acquisition, the insider owned 20,000 shares of the company's stock, valued at $172,200. This represents a -300.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Compass Diversified Stock Performance
Shares of Compass Diversified stock opened at $9.56 on Tuesday. The company has a debt-to-equity ratio of 19.20, a current ratio of 2.42 and a quick ratio of 1.26. The firm has a market cap of $718.92 million, a P/E ratio of -2.46 and a beta of 1.00. The firm has a 50 day simple moving average of $6.89 and a 200 day simple moving average of $6.42. Compass Diversified Holdings has a fifty-two week low of $4.58 and a fifty-two week high of $17.70.
Compass Diversified (NYSE:CODI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($1.59). Sell-side analysts predict that Compass Diversified Holdings will post 1.96 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Compass Diversified
Several institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 worth $740,000 after buying an additional 1,728 shares during the period. Rhumbline Advisers grew its position in shares of Compass Diversified by 2.0% during the 3rd quarter. Rhumbline Advisers now owns 95,717 shares of the financial services provider's stock worth $634,000 after buying an additional 1,874 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Compass Diversified by 8.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 23,423 shares of the financial services provider's stock worth $155,000 after buying an additional 1,896 shares during the period. Sei Investments Co. grew its holdings in shares of Compass Diversified by 1.8% in the 3rd quarter. Sei Investments Co. now owns 115,570 shares of the financial services provider's stock valued at $765,000 after buying an additional 2,022 shares during the period. Finally, Brown Advisory Inc. grew its holdings in shares of Compass Diversified by 3.9% in the 2nd quarter. Brown Advisory Inc. now owns 80,734 shares of the financial services provider's stock valued at $507,000 after buying an additional 3,000 shares during the period. 72.73% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Wall Street Zen upgraded Compass Diversified from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. B. Riley Financial lowered their price objective on Compass Diversified from $13.00 to $8.00 and set a "neutral" rating for the company in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Compass Diversified in a report on Friday, December 26th. CJS Securities raised shares of Compass Diversified to an "outperform" rating in a report on Tuesday, January 27th. Finally, Compass Point set a $15.00 target price on shares of Compass Diversified in a report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $11.50.
Check Out Our Latest Stock Report on CODI
About Compass Diversified
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Get Free Report)
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.
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