Dynamic Technology Lab Private Ltd Grows Stake in Compass Diversified Holdings $CODI

Dynamic Technology Lab Private Ltd grew its position in shares of Compass Diversified Holdings (NYSE:CODI) by 73.6% in the first quarter, Holdings Channel reports. The firm owned 38,560 shares of the financial services provider’s stock after purchasing an additional 16,346 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Compass Diversified were worth $720,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CODI. Allspring Global Investments Holdings LLC grew its position in shares of Compass Diversified by 10.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,789,892 shares of the financial services provider’s stock valued at $88,709,000 after purchasing an additional 451,731 shares in the last quarter. Nuveen LLC purchased a new position in shares of Compass Diversified during the 1st quarter valued at $7,785,000. Bank of America Corp DE grew its position in shares of Compass Diversified by 14.9% during the 4th quarter. Bank of America Corp DE now owns 1,203,606 shares of the financial services provider’s stock valued at $27,779,000 after purchasing an additional 156,074 shares in the last quarter. Royce & Associates LP grew its position in shares of Compass Diversified by 9.9% during the 1st quarter. Royce & Associates LP now owns 898,022 shares of the financial services provider’s stock valued at $16,766,000 after purchasing an additional 80,990 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Compass Diversified by 190.2% during the 4th quarter. Millennium Management LLC now owns 82,381 shares of the financial services provider’s stock valued at $1,901,000 after purchasing an additional 53,994 shares in the last quarter. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Compass Diversified Stock Down 1.3%

Shares of NYSE:CODI opened at $7.14 on Wednesday. Compass Diversified Holdings has a 52-week low of $5.98 and a 52-week high of $24.32. The firm has a fifty day moving average of $6.88 and a 200 day moving average of $11.24. The firm has a market capitalization of $536.81 million, a PE ratio of -5.57 and a beta of 1.04. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.57 and a current ratio of 4.07.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CODI. Wall Street Zen lowered shares of Compass Diversified from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Jefferies Financial Group lowered shares of Compass Diversified to a “hold” rating in a research report on Friday, June 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Compass Diversified Profile

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.