Compass Diversified (NYSE:CODI) Insider Stephen Keller Buys 30,000 Shares

Compass Diversified Holdings (NYSE:CODI) insider Stephen Keller bought 30,000 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was purchased at an average price of $8.61 per share, with a total value of $258,300.00. Following the completion of the purchase, the insider directly owned 20,000 shares of the company’s stock, valued at $172,200. This represents a -300.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Compass Diversified Stock Performance

Shares of NYSE CODI opened at $9.56 on Tuesday. The business has a fifty day simple moving average of $6.89 and a 200 day simple moving average of $6.42. The company has a current ratio of 2.42, a quick ratio of 1.26 and a debt-to-equity ratio of 19.20. The firm has a market capitalization of $718.92 million, a price-to-earnings ratio of -2.46 and a beta of 1.00. Compass Diversified Holdings has a one year low of $4.58 and a one year high of $17.70.

Compass Diversified (NYSE:CODI) last issued its earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.59). Sell-side analysts expect that Compass Diversified Holdings will post 1.96 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on CODI. CJS Securities raised shares of Compass Diversified to an “outperform” rating in a research report on Tuesday, January 27th. Compass Point set a $15.00 price target on shares of Compass Diversified in a research report on Tuesday, January 27th. Raymond James Financial began coverage on shares of Compass Diversified in a research report on Wednesday, March 11th. They issued a “hold” rating for the company. B. Riley Financial dropped their price objective on Compass Diversified from $13.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Finally, Wall Street Zen upgraded Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.50.

Institutional Trading of Compass Diversified

A number of hedge funds and other institutional investors have recently made changes to their positions in CODI. RPO LLC acquired a new stake in shares of Compass Diversified in the fourth quarter valued at $60,000. Geneos Wealth Management Inc. increased its position in Compass Diversified by 68.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 4,000 shares in the last quarter. Focus Partners Wealth acquired a new stake in Compass Diversified in the 3rd quarter valued at about $70,000. Quantessence Capital LLC acquired a new stake in Compass Diversified in the 3rd quarter valued at about $70,000. Finally, Voleon Capital Management LP acquired a new stake in Compass Diversified in the 2nd quarter valued at about $77,000. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Company Profile

Compass Diversified Holdings (NYSE:CODI) is a publicly traded private equity company headquartered in Bethesda, Maryland. The firm specializes in acquiring and managing middle-market businesses across a variety of industries, with a focus on driving operational performance and sustainable growth. As an externally managed entity, Compass Diversified leverages a disciplined investment approach to build a portfolio of market-leading companies that benefit from strategic oversight, capital support and shared best practices.

Compass Diversified’s investment activities span five core sectors: branded consumer, consumer services, differentiated industrial products, value-added distribution and business services.