Royal Bank of Canada Sells 107,453 Shares of Compass Diversified Holdings $CODI

Royal Bank of Canada lessened its holdings in shares of Compass Diversified Holdings (NYSE:CODI) by 14.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 629,710 shares of the financial services provider’s stock after selling 107,453 shares during the period. Royal Bank of Canada owned about 0.84% of Compass Diversified worth $11,758,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Northern Trust Corp boosted its stake in shares of Compass Diversified by 10.8% during the fourth quarter. Northern Trust Corp now owns 507,660 shares of the financial services provider’s stock valued at $11,717,000 after purchasing an additional 49,403 shares in the last quarter. Bank of America Corp DE grew its position in Compass Diversified by 14.9% during the fourth quarter. Bank of America Corp DE now owns 1,203,606 shares of the financial services provider’s stock valued at $27,779,000 after buying an additional 156,074 shares during the period. Cetera Investment Advisers lifted its holdings in Compass Diversified by 2.4% during the fourth quarter. Cetera Investment Advisers now owns 31,104 shares of the financial services provider’s stock valued at $718,000 after purchasing an additional 722 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Compass Diversified in the fourth quarter worth about $582,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in Compass Diversified in the 4th quarter valued at about $1,140,000. 72.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on CODI. Jefferies Financial Group cut shares of Compass Diversified to a “hold” rating in a research report on Friday, June 6th. Wall Street Zen cut shares of Compass Diversified from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

Compass Diversified Stock Up 2.3%

Shares of NYSE:CODI opened at $7.18 on Friday. The company has a market capitalization of $540.22 million, a PE ratio of -5.61 and a beta of 1.04. The company has a current ratio of 4.07, a quick ratio of 1.57 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 50 day simple moving average of $6.90 and a 200-day simple moving average of $11.12.

Compass Diversified 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.