Compass Diversified Holdings $CODI Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC raised its stake in shares of Compass Diversified Holdings (NYSE:CODI) by 80.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,440 shares of the financial services provider’s stock after acquiring an additional 20,203 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.06% of Compass Diversified worth $848,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CODI. KBC Group NV acquired a new stake in shares of Compass Diversified during the first quarter valued at about $30,000. NBC Securities Inc. boosted its stake in shares of Compass Diversified by 167,500.0% in the first quarter. NBC Securities Inc. now owns 1,676 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,675 shares during the period. Bessemer Group Inc. purchased a new position in shares of Compass Diversified in the first quarter valued at approximately $37,000. State of Wyoming purchased a new position in shares of Compass Diversified in the first quarter valued at approximately $51,000. Finally, GAMMA Investing LLC boosted its stake in shares of Compass Diversified by 1,332.4% in the first quarter. GAMMA Investing LLC now owns 3,753 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 3,491 shares during the period. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CODI has been the subject of several recent research reports. Jefferies Financial Group lowered shares of Compass Diversified to a “hold” rating in a research note on Friday, June 6th. Wall Street Zen lowered shares of Compass Diversified from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

Compass Diversified Stock Down 1.3%

Shares of Compass Diversified stock opened at $7.14 on Wednesday. Compass Diversified Holdings has a 52-week low of $5.98 and a 52-week high of $24.32. The company has a 50 day moving average of $6.88 and a 200 day moving average of $11.24. The company has a quick ratio of 1.57, a current ratio of 4.07 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $536.81 million, a P/E ratio of -5.57 and a beta of 1.04.

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.