Compass Diversified (NYSE:CODI) Shares Down 7.7% – Here’s What Happened

Compass Diversified Holdings (NYSE:CODI) shares were down 7.7% on Tuesday . The stock traded as low as $11.45 and last traded at $11.2730. Approximately 120,131 shares were traded during trading, a decline of 91% from the average daily volume of 1,276,209 shares. The stock had previously closed at $12.21.

Wall Street Analysts Forecast Growth

CODI has been the topic of a number of research reports. CJS Securities raised shares of Compass Diversified to an “outperform” rating in a research report on Tuesday, January 27th. B. Riley Financial raised their target price on shares of Compass Diversified from $8.00 to $10.50 and gave the company a “neutral” rating in a research report on Tuesday, April 7th. Wall Street Zen raised shares of Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research upgraded shares of Compass Diversified from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Compass Point set a $15.00 price target on shares of Compass Diversified in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Compass Diversified presently has a consensus rating of “Hold” and an average price target of $12.75.

Compass Diversified Trading Up 1.5%

The company has a debt-to-equity ratio of 34.60, a current ratio of 2.67 and a quick ratio of 1.56. The business has a 50-day simple moving average of $9.10 and a two-hundred day simple moving average of $7.14. The stock has a market cap of $906.52 million, a price-to-earnings ratio of -3.08 and a beta of 1.29.

Insider Buying and Selling

In related news, insider Stephen Keller purchased 30,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were acquired at an average price of $8.61 per share, for a total transaction of $258,300.00. Following the purchase, the insider owned 20,000 shares in the company, valued at approximately $172,200. This represents a -300.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mangrove Partners IM LLC increased its position in Compass Diversified by 48.7% in the 3rd quarter. Mangrove Partners IM LLC now owns 3,684,800 shares of the financial services provider’s stock valued at $24,393,000 after acquiring an additional 1,206,524 shares during the period. Western Standard LLC acquired a new position in shares of Compass Diversified during the fourth quarter worth $5,592,000. JPMorgan Chase & Co. grew its stake in shares of Compass Diversified by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 488,398 shares of the financial services provider’s stock worth $3,233,000 after purchasing an additional 4,711 shares during the last quarter. FourThought Financial Partners LLC bought a new stake in shares of Compass Diversified in the third quarter worth $349,000. Finally, Fox Run Management L.L.C. increased its holdings in Compass Diversified by 103.5% in the third quarter. Fox Run Management L.L.C. now owns 39,474 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 20,078 shares during the period. 72.73% of the stock is owned by institutional investors and hedge funds.

Compass Diversified Company Profile

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.