Compass Diversified Holdings (NYSE:CODI – Get Free Report) insider Zachary Sawtelle purchased 7,000 shares of the stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $12.45 per share, with a total value of $87,150.00. Following the completion of the acquisition, the insider directly owned 63,588 shares of the company’s stock, valued at approximately $791,670.60. This represents a 12.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Compass Diversified Trading Up 3.4%
NYSE CODI opened at $12.70 on Friday. Compass Diversified Holdings has a one year low of $4.58 and a one year high of $13.25. The company has a debt-to-equity ratio of 11.90, a current ratio of 2.26 and a quick ratio of 1.56. The firm has a market cap of $955.40 million, a P/E ratio of -5.85 and a beta of 1.27. The stock’s 50-day moving average is $10.48 and its 200-day moving average is $9.43.
Compass Diversified (NYSE:CODI – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.09) earnings per share (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 during the quarter. Sell-side analysts anticipate that Compass Diversified Holdings will post 0.22 earnings per share for the current fiscal year.
Trending Headlines about Compass Diversified
- Positive Sentiment: Analyst upgrades and higher targets: B. Riley Financial upgraded CODI from “Neutral” to “Buy” and raised its price target from $11 to $15. TD Cowen increased its target from $12.50 to $18 and maintained a “Buy” rating, while UBS also set an $18 target. The higher targets are above recent trading levels and likely improved investor sentiment. B. Riley Financial upgrades Compass Diversified
- Positive Sentiment: Multiple insider purchases: Zachary T. Sawtelle bought 25,000 shares for approximately $299,750 on August 12 and another 7,000 shares for $87,150 on August 13. Stephen Keller purchased 10,000 shares for about $120,100. The transactions materially increased their ownership and may signal that insiders believe CODI is undervalued or expect a business recovery. SEC insider ownership filing
- Positive Sentiment: Turnaround and transaction optimism: Reports have highlighted a $292 million sale and potential management-fee savings, reinforcing the possibility of improved liquidity, lower expenses and stronger portfolio performance. Compass Diversified’s $292 million sale
- Neutral Sentiment: Unusual options activity: Elevated options volume shows increased attention around CODI and could amplify near-term volatility, but it does not establish a clear bullish or bearish direction. Unusual options trading in Compass Diversified
- Negative Sentiment: Losses remain a risk: CODI reported a quarterly loss of $0.09 per share, negative net margin and negative return on equity. Its recovery case therefore depends on successfully improving portfolio-company performance and converting recent strategic developments into sustained earnings.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on CODI. B. Riley Financial upgraded shares of Compass Diversified from a “neutral” rating to a “buy” rating and upped their price target for the company from $11.00 to $15.00 in a report on Tuesday, August 11th. Wall Street Zen lowered shares of Compass Diversified from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group set a $18.00 price objective on shares of Compass Diversified in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Diversified in a research note on Friday, July 17th. Finally, TD Cowen increased their target price on Compass Diversified from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Compass Diversified presently has a consensus rating of “Hold” and an average price target of $16.50.
View Our Latest Research Report on Compass Diversified
Institutional Investors Weigh In On Compass Diversified
Several institutional investors have recently bought and sold shares of CODI. Public Employees Retirement System of Ohio boosted its position in Compass Diversified by 0.9% during 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 acquiring an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 acquiring an additional 1,728 shares in the last quarter. Sei Investments Co. grew its stake in shares of Compass Diversified by 1.8% during the 3rd quarter. Sei Investments Co. now owns 115,570 shares of the financial services provider’s stock worth $765,000 after acquiring an additional 2,022 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of 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 purchasing an additional 3,000 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of 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 purchasing an additional 3,490 shares during the last quarter. Institutional investors own 72.73% of the company’s stock.
About Compass Diversified
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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