Key Points
- Compass Diversified insider Eugene Kim bought 20,000 shares at an average price of $11.47, representing a total investment of $229,400. The transaction was disclosed in a filing with the SEC.
- CODI shares opened at $11.29 and were down 0.8%, while the company reported a quarterly loss of $0.09 per share on revenue of $424.04 million.
- Analyst sentiment is mixed, with a consensus rating of Hold and an average price target of $16.50; institutional investors own 72.73% of the stock.
Compass Diversified Holdings (NYSE:CODI - Get Free Report) insider Eugene Kim acquired 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average price of $11.47 per share, with a total value of $229,400.00. Following the completion of the acquisition, the insider directly owned 20,000 shares of the company's stock, valued at $229,400. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Compass Diversified Stock Down 0.8%
Shares of Compass Diversified stock opened at $11.29 on Friday. The company has a debt-to-equity ratio of 11.90, a current ratio of 2.26 and a quick ratio of 1.10. Compass Diversified Holdings has a 1 year low of $4.58 and a 1 year high of $13.25. The firm's 50-day moving average is $10.72 and its two-hundred day moving average is $9.78. The stock has a market cap of $849.31 million, a price-to-earnings ratio of -5.20 and a beta of 1.27.
Compass Diversified (NYSE:CODI - Get Free Report) last posted its earnings results on Monday, August 10th. The financial services provider reported ($0.09) EPS for the quarter. Compass Diversified had a negative net margin of 5.38% and a negative return on equity of 10.36%. The business had revenue of $424.04 million for the quarter. As a group, research analysts expect that Compass Diversified Holdings will post 0.11 earnings per share for the current fiscal year.
Institutional Trading of Compass Diversified
Several hedge funds have recently modified their holdings of CODI. Public Employees Retirement System of Ohio grew its position in shares of Compass Diversified by 0.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 133,659 shares of the financial services provider's stock worth $1,051,000 after buying an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 valued at $740,000 after acquiring an additional 1,728 shares during the last quarter. Sei Investments Co. lifted its position in Compass Diversified by 1.8% during the third quarter. Sei Investments Co. now owns 115,570 shares of the financial services provider's stock valued at $765,000 after acquiring an additional 2,022 shares during the last quarter. Brown Advisory Inc. boosted its stake in Compass Diversified by 3.9% in the second quarter. Brown Advisory Inc. now owns 80,734 shares of the financial services provider's stock valued at $507,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Compass Diversified by 13.0% in the second quarter. Prudential Financial Inc. now owns 30,325 shares of the financial services provider's stock valued at $190,000 after acquiring an additional 3,490 shares in the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently issued reports on CODI shares. Wall Street Zen lowered shares of Compass Diversified from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. UBS Group set a $18.00 target price on Compass Diversified in a report on Tuesday, August 11th. B. Riley Financial raised Compass Diversified from a "neutral" rating to a "buy" rating and increased their target price for the company from $11.00 to $15.00 in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Compass Diversified in a research report on Friday, July 17th. Finally, TD Cowen lifted their price target on Compass Diversified from $12.50 to $18.00 and gave the company a "buy" rating in a report on Tuesday, August 11th. 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $16.50.
Check Out Our Latest Analysis on Compass Diversified
Compass Diversified Company Profile
(
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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