Eugene Kim Purchases 20,000 Shares of Compass Diversified (NYSE:CODI) Stock

Compass Diversified Holdings (NYSE:CODI) insider Eugene Kim bought 20,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was bought at an average cost of $11.47 per share, with a total value of $229,400.00. Following the acquisition, the insider directly owned 20,000 shares of the company’s stock, valued at approximately $229,400. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Compass Diversified Trading Up 2.0%

CODI opened at $11.48 on Friday. The company has a market cap of $863.76 million, a P/E ratio of -5.29 and a beta of 1.27. The company has a current ratio of 2.26, a quick ratio of 1.10 and a debt-to-equity ratio of 11.90. The company’s 50 day moving average is $10.75 and its 200-day moving average is $9.79. Compass Diversified Holdings has a 1-year low of $4.58 and a 1-year high of $13.25.

Compass Diversified (NYSE:CODI) last released 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 return on equity of 10.36% and a negative net margin of 5.38%.The company had revenue of $424.04 million for the quarter. Equities research analysts predict that Compass Diversified Holdings will post 0.11 earnings per share for the current fiscal year.

Institutional Trading of Compass Diversified

A number of institutional investors and hedge funds have recently bought and sold shares of CODI. Jacobs Levy Equity Management Inc. raised its position in Compass Diversified by 75.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,966,408 shares of the financial services provider’s stock worth $9,439,000 after purchasing an additional 843,965 shares during the last quarter. SG Capital Management LLC bought a new stake in shares of Compass Diversified in the 4th quarter valued at about $7,626,000. CenterBook Partners LP bought a new stake in shares of Compass Diversified in the 4th quarter valued at about $6,597,000. Bank of America Corp DE increased its stake in shares of Compass Diversified by 77.4% in the first quarter. Bank of America Corp DE now owns 1,306,527 shares of the financial services provider’s stock valued at $10,269,000 after buying an additional 570,003 shares during the period. Finally, State Street Corp increased its stake in shares of Compass Diversified by 2.3% in the fourth quarter. State Street Corp now owns 1,238,792 shares of the financial services provider’s stock valued at $5,946,000 after buying an additional 27,774 shares during the period. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CODI has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Compass Diversified in a report on Friday, July 17th. TD Cowen upped their target price on Compass Diversified from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday. B. Riley Financial raised Compass Diversified from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.00 to $15.00 in a research note on Tuesday, August 11th. Finally, UBS Group set a $18.00 price objective on Compass Diversified in a research note on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Compass Diversified presently has a consensus rating of “Hold” and a consensus target price of $16.50.

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.