Voya Investment Management LLC Sells 2,064 Shares of Compass Diversified Holdings $CODI

Voya Investment Management LLC lowered its stake in Compass Diversified Holdings (NYSE:CODIFree Report) by 9.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,929 shares of the financial services provider’s stock after selling 2,064 shares during the period. Voya Investment Management LLC’s holdings in Compass Diversified were worth $353,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Mackenzie Financial Corp boosted its holdings in Compass Diversified by 4.7% in the first quarter. Mackenzie Financial Corp now owns 22,945 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 1,030 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in Compass Diversified by 35.1% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,316 shares of the financial services provider’s stock valued at $81,000 after buying an additional 1,122 shares during the period. Cetera Investment Advisers lifted its position in Compass Diversified by 3.8% during the first quarter. Cetera Investment Advisers now owns 32,301 shares of the financial services provider’s stock valued at $603,000 after buying an additional 1,197 shares during the period. KBC Group NV purchased a new position in Compass Diversified during the first quarter valued at $30,000. Finally, NBC Securities Inc. lifted its position in Compass Diversified by 167,500.0% during the first quarter. NBC Securities Inc. now owns 1,676 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,675 shares during the period. Institutional investors own 72.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CODI. Jefferies Financial Group lowered Compass Diversified to a “hold” rating in a research report on Friday, June 6th. Wall Street Zen lowered Compass Diversified from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Two 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.00.

Check Out Our Latest Stock Analysis on Compass Diversified

Compass Diversified Stock Performance

Shares of Compass Diversified stock opened at $6.74 on Monday. The stock has a market cap of $507.12 million, a price-to-earnings ratio of -5.27 and a beta of 1.04. The firm’s 50-day moving average is $7.05 and its 200 day moving average is $9.98. Compass Diversified Holdings has a 1 year low of $5.98 and a 1 year high of $24.32. The company has a debt-to-equity ratio of 1.54, a current ratio of 4.07 and a quick ratio of 1.57.

Compass Diversified Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Compass Diversified (NYSE:CODI)

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