Compass Diversified Holdings $CODI Shares Purchased by Allworth Financial LP

Allworth Financial LP grew its stake in shares of Compass Diversified Holdings (NYSE:CODI) by 2,825.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 29,257 shares of the financial services provider’s stock after acquiring an additional 28,257 shares during the period. Allworth Financial LP’s holdings in Compass Diversified were worth $184,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. American Century Companies Inc. raised its position in shares of Compass Diversified by 1.0% during the first quarter. American Century Companies Inc. now owns 5,344,823 shares of the financial services provider’s stock worth $99,788,000 after purchasing an additional 53,721 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Compass Diversified by 2.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,912,110 shares of the financial services provider’s stock worth $31,388,000 after purchasing an additional 122,218 shares in the last quarter. Lord Abbett & CO. LLC increased its stake 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 worth $30,032,000 after purchasing an additional 49,276 shares in the last quarter. GW&K Investment Management LLC raised its holdings in Compass Diversified by 2.3% during the 1st quarter. GW&K Investment Management LLC now owns 1,477,259 shares of the financial services provider’s stock worth $27,580,000 after buying an additional 33,821 shares during the period. Finally, Royce & Associates LP lifted its stake in Compass Diversified by 9.9% during the first quarter. Royce & Associates LP now owns 898,022 shares of the financial services provider’s stock valued at $16,766,000 after buying an additional 80,990 shares in the last quarter. 72.73% of the stock is owned by institutional investors.

Compass Diversified Stock Performance

Shares of CODI opened at $5.76 on Wednesday. The firm has a market cap of $432.98 million, a PE ratio of -4.50 and a beta of 1.06. The firm’s 50 day moving average price is $6.88 and its 200 day moving average price is $7.09. Compass Diversified Holdings has a twelve month low of $5.30 and a twelve month high of $24.32.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CODI. Wall Street Zen downgraded shares of Compass Diversified from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Compass Diversified in a research note on Wednesday, October 8th. Two 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.00.

Compass Diversified Company 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.