Rhumbline Advisers Sells 1,840 Shares of Compass Diversified Holdings $CODI

Rhumbline Advisers lowered its stake in shares of Compass Diversified Holdings (NYSE:CODI) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,458 shares of the financial services provider’s stock after selling 1,840 shares during the period. Rhumbline Advisers owned 0.13% of Compass Diversified worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC raised its position in shares of Compass Diversified by 345.5% during the first quarter. Jane Street Group LLC now owns 193,907 shares of the financial services provider’s stock valued at $3,620,000 after buying an additional 150,386 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Compass Diversified by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,458 shares of the financial services provider’s stock valued at $2,884,000 after buying an additional 10,006 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of Compass Diversified by 73.6% during the first quarter. Dynamic Technology Lab Private Ltd now owns 38,560 shares of the financial services provider’s stock valued at $720,000 after buying an additional 16,346 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Compass Diversified by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock valued at $740,000 after buying an additional 1,728 shares during the last quarter. Finally, AQR Capital Management LLC bought a new stake in shares of Compass Diversified during the first quarter valued at approximately $294,000. Institutional investors own 72.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. 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 research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Compass Diversified presently has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Compass Diversified Stock Performance

Shares of Compass Diversified stock opened at $7.16 on Thursday. The company has a market capitalization of $538.94 million, a PE ratio of -5.60 and a beta of 1.04. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.57 and a current ratio of 4.07. The company has a 50-day simple moving average of $6.95 and a two-hundred day simple moving average of $10.74. Compass Diversified Holdings has a one year low of $5.98 and a one year high of $24.32.

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.