Goldman Sachs Group Inc. Trims Position in Compass Diversified Holdings $CODI

Goldman Sachs Group Inc. trimmed its position in shares of Compass Diversified Holdings (NYSE:CODI) by 23.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 205,827 shares of the financial services provider’s stock after selling 61,895 shares during the period. Goldman Sachs Group Inc. owned approximately 0.27% of Compass Diversified worth $3,843,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. KBC Group NV acquired a new stake in shares of Compass Diversified during the 1st quarter worth $30,000. NBC Securities Inc. increased its holdings in shares of Compass Diversified by 167,500.0% during the 1st quarter. NBC Securities Inc. now owns 1,676 shares of the financial services provider’s stock worth $31,000 after buying an additional 1,675 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Compass Diversified during the 1st quarter worth $37,000. State of Wyoming acquired a new stake in shares of Compass Diversified during the 1st quarter worth $51,000. Finally, GAMMA Investing LLC increased its holdings in shares of Compass Diversified by 1,332.4% during the 1st quarter. GAMMA Investing LLC now owns 3,753 shares of the financial services provider’s stock worth $70,000 after buying an additional 3,491 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Stock Performance

Shares of NYSE CODI opened at $7.16 on Thursday. 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 firm’s 50-day moving average price is $6.95 and its two-hundred day moving average price is $10.74. Compass Diversified Holdings has a 52-week low of $5.98 and a 52-week high of $24.32. The stock has a market capitalization of $538.94 million, a P/E ratio of -5.60 and a beta of 1.04.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CODI. Wall Street Zen downgraded Compass Diversified from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Jefferies Financial Group downgraded Compass Diversified to a “hold” rating in a report on Friday, June 6th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

About Compass Diversified

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.