Russell Investments Group Ltd. Buys 18,028 Shares of Compass Diversified Holdings $CODI

Russell Investments Group Ltd. increased its stake in shares of Compass Diversified Holdings (NYSE:CODI) by 12.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,981 shares of the financial services provider’s stock after acquiring an additional 18,028 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.22% of Compass Diversified worth $3,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its position in Compass Diversified by 10.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,789,892 shares of the financial services provider’s stock worth $88,709,000 after acquiring an additional 451,731 shares during the last quarter. GW&K Investment Management LLC grew its position in Compass Diversified by 2.3% during the 1st quarter. GW&K Investment Management LLC now owns 1,477,259 shares of the financial services provider’s stock worth $27,580,000 after acquiring an additional 33,821 shares during the last quarter. Bank of America Corp DE grew its position in Compass Diversified by 14.9% during the 4th quarter. Bank of America Corp DE now owns 1,203,606 shares of the financial services provider’s stock worth $27,779,000 after acquiring an additional 156,074 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Compass Diversified by 1.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,103,405 shares of the financial services provider’s stock worth $25,467,000 after acquiring an additional 18,210 shares during the last quarter. Finally, Royce & Associates LP grew its position in Compass Diversified by 9.9% during the 1st quarter. Royce & Associates LP now owns 898,022 shares of the financial services provider’s stock worth $16,766,000 after acquiring an additional 80,990 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors.

Compass Diversified Trading Up 6.5%

NYSE CODI opened at $7.6180 on Monday. The company has a quick ratio of 1.57, a current ratio of 4.07 and a debt-to-equity ratio of 1.54. Compass Diversified Holdings has a twelve month low of $5.98 and a twelve month high of $24.32. The firm has a market capitalization of $573.18 million, a PE ratio of -5.95 and a beta of 1.05. The stock’s 50 day moving average is $6.63 and its 200 day moving average is $12.31.

Analysts Set New Price Targets

CODI has been the topic of a number of recent analyst reports. B. Riley lowered Compass Diversified from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $30.00 to $18.00 in a research report on Thursday, May 8th. Jefferies Financial Group lowered Compass Diversified to a “hold” rating in a research report on Friday, June 6th. Finally, Wall Street Zen lowered Compass Diversified from a “buy” rating to a “hold” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Compass Diversified currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

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.