Compass Diversified Holdings $CODI Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its position in shares of Compass Diversified Holdings (NYSE:CODI) by 1,579.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,723 shares of the financial services provider’s stock after buying an additional 29,834 shares during the period. Public Employees Retirement System of Ohio’s holdings in Compass Diversified were worth $199,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in Compass Diversified by 10.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,789,892 shares of the financial services provider’s stock valued at $88,709,000 after purchasing an additional 451,731 shares in the last quarter. Bessemer Group Inc. acquired a new stake in Compass Diversified in the 1st quarter valued at $37,000. Nuveen LLC acquired a new stake in Compass Diversified in the 1st quarter valued at $7,785,000. Lord Abbett & CO. LLC increased its holdings in Compass Diversified by 3.2% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,608,556 shares of the financial services provider’s stock valued at $30,032,000 after purchasing an additional 49,276 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Compass Diversified in the 1st quarter valued at $777,000. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Stock Performance

Shares of CODI stock opened at $6.73 on Tuesday. Compass Diversified Holdings has a one year low of $5.98 and a one year high of $24.32. The company’s 50-day simple moving average is $7.04 and its 200-day simple moving average is $9.44. The stock has a market capitalization of $506.34 million, a price-to-earnings ratio of -5.26 and a beta of 1.08.

Wall Street Analysts Forecast Growth

CODI has been the subject of several recent research reports. Wall Street Zen downgraded Compass Diversified from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Compass Diversified in a report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Compass Diversified has an average rating of “Hold” and a consensus price target of $26.00.

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.