31,860 Shares in Compass Diversified Holdings $CODI Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Compass Diversified Holdings (NYSE:CODI) during the 2nd quarter, Holdings Channel reports. The fund acquired 31,860 shares of the financial services provider’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CODI. Intech Investment Management LLC lifted its stake in shares of Compass Diversified by 22.5% in the 2nd quarter. Intech Investment Management LLC now owns 42,152 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 7,733 shares during the last quarter. SG Americas Securities LLC raised its holdings in Compass Diversified by 279.4% during the 2nd quarter. SG Americas Securities LLC now owns 54,155 shares of the financial services provider’s stock valued at $340,000 after buying an additional 39,880 shares during the period. Hibernia Wealth Partners LLC purchased a new stake in Compass Diversified during the 2nd quarter valued at $81,000. Geode Capital Management LLC lifted its position in Compass Diversified by 5.5% in the second quarter. Geode Capital Management LLC now owns 862,549 shares of the financial services provider’s stock worth $5,416,000 after buying an additional 44,938 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Compass Diversified by 2,825.7% during the second quarter. Allworth Financial LP now owns 29,257 shares of the financial services provider’s stock worth $184,000 after buying an additional 28,257 shares during the period. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CODI has been the topic of a number of analyst reports. Wall Street Zen cut shares of 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. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Compass Diversified currently has an average rating of “Hold” and a consensus target price of $18.00.

Compass Diversified Stock Up 8.2%

CODI stock opened at $7.48 on Friday. Compass Diversified Holdings has a twelve month low of $5.30 and a twelve month high of $24.32. The firm has a market cap of $562.39 million, a price-to-earnings ratio of -5.84 and a beta of 1.06. The business’s fifty day simple moving average is $6.77 and its two-hundred day simple moving average is $6.84.

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.