Opus Capital Group LLC Trims Holdings in Compass Diversified Holdings $CODI

Opus Capital Group LLC decreased its stake in shares of Compass Diversified Holdings (NYSE:CODI) by 6.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,400 shares of the financial services provider’s stock after selling 2,400 shares during the quarter. Opus Capital Group LLC’s holdings in Compass Diversified were worth $216,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in Compass Diversified by 2.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,912,110 shares of the financial services provider’s stock worth $31,388,000 after acquiring an additional 122,218 shares during the last quarter. Bessemer Group Inc. acquired a new stake in Compass Diversified during the first quarter worth $37,000. Nuveen LLC acquired a new stake in Compass Diversified during the first quarter worth $7,785,000. Lord Abbett & CO. LLC increased its stake in Compass Diversified by 3.2% during the first quarter. Lord Abbett & CO. LLC now owns 1,608,556 shares of the financial services provider’s stock worth $30,032,000 after acquiring an additional 49,276 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in Compass Diversified by 238.6% during the second quarter. Inspire Investing LLC now owns 62,229 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 43,849 shares during the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Wall Street Analyst Weigh In

CODI has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Compass Diversified in a research note on Wednesday, October 8th. Wall Street Zen cut Compass Diversified from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Two equities 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 stock. Based on data from MarketBeat.com, Compass Diversified presently has an average rating of “Hold” and an average price target of $26.00.

Compass Diversified Price Performance

CODI opened at $7.63 on Friday. Compass Diversified Holdings has a 12 month low of $5.98 and a 12 month high of $24.32. The stock has a market capitalization of $573.71 million, a price-to-earnings ratio of -5.96 and a beta of 1.08. The business has a fifty day moving average price of $7.26 and a 200 day moving average price of $8.60.

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.