Campbell & CO Investment Adviser LLC Trims Position in Compass Diversified Holdings $CODI

Campbell & CO Investment Adviser LLC decreased its position in shares of Compass Diversified Holdings (NYSE:CODI) by 74.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,193 shares of the financial services provider’s stock after selling 30,075 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Compass Diversified were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CODI. Los Angeles Capital Management LLC purchased a new position in Compass Diversified during the second quarter worth about $80,000. Fox Run Management L.L.C. acquired a new stake in shares of Compass Diversified during the 2nd quarter worth approximately $122,000. Palogic Value Management L.P. purchased a new stake in shares of Compass Diversified during the 2nd quarter valued at approximately $283,000. Teacher Retirement System of Texas lifted its holdings in Compass Diversified by 467.8% in the second quarter. Teacher Retirement System of Texas now owns 86,609 shares of the financial services provider’s stock valued at $544,000 after acquiring an additional 71,355 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in Compass Diversified by 808.2% in the second quarter. Y Intercept Hong Kong Ltd now owns 377,880 shares of the financial services provider’s stock worth $2,373,000 after acquiring an additional 336,271 shares during the period. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CODI shares. Wall Street Zen downgraded Compass Diversified from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Compass Diversified in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Compass Diversified currently has an average rating of “Hold” and an average price target of $26.00.

Compass Diversified Price Performance

Shares of NYSE:CODI opened at $5.76 on Wednesday. The firm has a market capitalization of $432.98 million, a PE ratio of -4.50 and a beta of 1.06. Compass Diversified Holdings has a 1 year low of $5.30 and a 1 year high of $24.32. The firm’s 50-day moving average is $6.88 and its two-hundred day moving average is $7.09.

Compass Diversified Company 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.