Compass Diversified Holdings (NYSE:CODI – Get Free Report)’s share price traded down 7.7% during trading on Tuesday . The stock traded as low as $11.45 and last traded at $11.2730. 120,131 shares were traded during trading, a decline of 91% from the average session volume of 1,276,209 shares. The stock had previously closed at $12.21.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on CODI shares. Wall Street Zen upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings upgraded shares of Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. Compass Point set a $15.00 target price on shares of Compass Diversified in a report on Tuesday, January 27th. CJS Securities upgraded shares of Compass Diversified to an “outperform” rating in a research note on Tuesday, January 27th. Finally, B. Riley Financial lifted their price objective on Compass Diversified from $8.00 to $10.50 and gave the company a “neutral” rating in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.75.
Check Out Our Latest Report on CODI
Compass Diversified Stock Performance
Insider Activity
In related news, insider Stephen Keller purchased 30,000 shares of Compass Diversified stock in a transaction dated Monday, April 6th. The stock was bought at an average cost of $8.61 per share, for a total transaction of $258,300.00. Following the transaction, the insider owned 20,000 shares in the company, valued at approximately $172,200. The trade was a -300.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.60% of the company’s stock.
Institutional Trading of Compass Diversified
Several large investors have recently bought and sold shares of CODI. RPO LLC acquired a new position in shares of Compass Diversified during the 4th quarter worth $60,000. Geneos Wealth Management Inc. grew its stake in Compass Diversified by 68.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 4,000 shares during the last quarter. Focus Partners Wealth acquired a new stake in Compass Diversified in the 3rd quarter valued at about $70,000. Quantessence Capital LLC purchased a new position in Compass Diversified during the 3rd quarter valued at about $70,000. Finally, Voleon Capital Management LP purchased a new position in Compass Diversified during the 2nd quarter valued at about $77,000. Institutional investors and hedge funds 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.
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