Hibernia Wealth Partners LLC Buys New Stake in Compass Diversified Holdings $CODI

Hibernia Wealth Partners LLC purchased a new position in shares of Compass Diversified Holdings (NYSE:CODI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,860 shares of the financial services provider’s stock, valued at approximately $81,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Compass Diversified by 1.0% during the first quarter. American Century Companies Inc. now owns 5,344,823 shares of the financial services provider’s stock worth $99,788,000 after purchasing an additional 53,721 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Compass Diversified by 2.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,912,110 shares of the financial services provider’s stock valued at $31,388,000 after purchasing an additional 122,218 shares during the period. Lord Abbett & CO. LLC grew its stake in Compass Diversified by 3.2% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,608,556 shares of the financial services provider’s stock worth $30,032,000 after buying an additional 49,276 shares during the last quarter. GW&K Investment Management LLC grew its stake in Compass Diversified by 2.3% during the 1st quarter. GW&K Investment Management LLC now owns 1,477,259 shares of the financial services provider’s stock worth $27,580,000 after buying an additional 33,821 shares during the last quarter. Finally, Royce & Associates LP increased its position in Compass Diversified by 9.9% during the first quarter. Royce & Associates LP now owns 898,022 shares of the financial services provider’s stock worth $16,766,000 after buying an additional 80,990 shares during the period. 72.73% of the stock is owned by hedge funds and other institutional investors.

Compass Diversified Stock Up 3.7%

NYSE:CODI opened at $5.75 on Friday. The firm’s fifty day simple moving average is $6.96 and its 200-day simple moving average is $7.47. The stock has a market cap of $432.23 million, a PE ratio of -4.49 and a beta of 1.06. Compass Diversified Holdings has a fifty-two week low of $5.45 and a fifty-two week high of $24.32.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CODI shares. Wall Street Zen downgraded Compass Diversified from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of Compass Diversified in a research note on Wednesday, October 8th. Two 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.00.

About Compass Diversified

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, healthcare, safety & security, electronic components, food and foodservice.