Traders Purchase High Volume of Compass Diversified Call Options (NYSE:CODI)

Compass Diversified Holdings (NYSE:CODI) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 80,997 call options on the stock. This represents an increase of approximately 4,943% compared to the average volume of 1,606 call options.

Insider Activity

In other news, insider Stephen Keller bought 30,000 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was bought at an average cost of $8.61 per share, for a total transaction of $258,300.00. Following the completion of the acquisition, the insider owned 20,000 shares in the company, valued at approximately $172,200. This trade represents a -300.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Compass Diversified

Several hedge funds have recently made changes to their positions in CODI. RPO LLC acquired a new position in shares of Compass Diversified in the 4th quarter worth approximately $60,000. Geneos Wealth Management Inc. grew its stake in shares of 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 worth $62,000 after purchasing an additional 4,000 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Compass Diversified in the 3rd quarter worth approximately $70,000. Quantessence Capital LLC acquired a new position in shares of Compass Diversified in the 3rd quarter worth approximately $70,000. Finally, Voleon Capital Management LP purchased a new position in shares of Compass Diversified in the second quarter worth approximately $77,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Price Performance

Shares of CODI traded up $0.58 during mid-day trading on Thursday, hitting $12.20. The company’s stock had a trading volume of 1,424,719 shares, compared to its average volume of 1,282,700. The firm has a 50-day moving average price of $8.58 and a 200 day moving average price of $6.95. The stock has a market capitalization of $917.55 million, a price-to-earnings ratio of -3.14 and a beta of 1.29. The company has a debt-to-equity ratio of 19.20, a current ratio of 2.42 and a quick ratio of 1.26. Compass Diversified has a fifty-two week low of $4.58 and a fifty-two week high of $12.64.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.56). The firm had revenue of $426.86 million for the quarter, compared to the consensus estimate of $437.75 million. On average, research analysts predict that Compass Diversified will post 0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Raymond James Financial assumed coverage on Compass Diversified in a report on Wednesday, March 11th. They issued a “hold” rating for the company. Compass Point set a $15.00 price objective on Compass Diversified in a report on Tuesday, January 27th. Zacks Research upgraded Compass Diversified from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. CJS Securities upgraded Compass Diversified to an “outperform” rating in a report on Tuesday, January 27th. Finally, Wall Street Zen raised shares of Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $12.75.

About Compass Diversified

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.