Compass Diversified Holdings $CODI Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Compass Diversified Holdings (NYSE:CODI) by 81.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,609 shares of the financial services provider’s stock after acquiring an additional 13,273 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Compass Diversified were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted 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 worth $429,000 after acquiring an additional 1,030 shares during the last quarter. Cetera Investment Advisers grew its position in Compass Diversified by 3.8% in the first quarter. Cetera Investment Advisers now owns 32,301 shares of the financial services provider’s stock worth $603,000 after buying an additional 1,197 shares during the last quarter. KBC Group NV acquired a new position in Compass Diversified in the first quarter worth approximately $30,000. NBC Securities Inc. grew its position in 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 purchasing an additional 1,675 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Compass Diversified by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 1,728 shares in the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CODI has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Compass Diversified in a research note on Wednesday. Wall Street Zen lowered 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, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.00.

Compass Diversified Stock Performance

NYSE CODI opened at $8.31 on Friday. The firm has a 50-day moving average of $7.10 and a 200-day moving average of $9.17. The stock has a market cap of $625.32 million, a PE ratio of -6.49 and a beta of 1.08. Compass Diversified Holdings has a 52-week low of $5.98 and a 52-week 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.