Oak Family Advisors LLC Acquires Shares of 174,560 Compass Diversified Holdings $CODI

Oak Family Advisors LLC purchased a new stake in shares of Compass Diversified Holdings (NYSE:CODI) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 174,560 shares of the financial services provider’s stock, valued at approximately $1,372,000. Oak Family Advisors LLC owned about 0.23% of Compass Diversified at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CODI. RPO LLC purchased a new position in Compass Diversified in the fourth quarter worth about $60,000. Geneos Wealth Management Inc. boosted its stake in shares of Compass Diversified by 68.6% during 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 period. Focus Partners Wealth bought a new position in Compass Diversified during the 3rd quarter valued at about $70,000. Quantessence Capital LLC purchased a new position in Compass Diversified during the 3rd quarter valued at $70,000. Finally, Voleon Capital Management LP bought a new position in Compass Diversified in the 2nd quarter valued at $77,000. 72.73% of the stock is currently owned by institutional investors.

Compass Diversified Trading Down 1.3%

CODI stock opened at $10.12 on Thursday. The company has a quick ratio of 1.56, a current ratio of 2.67 and a debt-to-equity ratio of 34.60. Compass Diversified Holdings has a 52-week low of $4.58 and a 52-week high of $12.64. The company’s 50-day simple moving average is $11.16 and its 200-day simple moving average is $8.06. The firm has a market cap of $761.43 million, a P/E ratio of -2.59 and a beta of 1.26.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings upgraded shares of Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. Zacks Research upgraded Compass Diversified from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Raymond James Financial assumed coverage on shares of Compass Diversified in a research report on Wednesday, March 11th. They issued a “hold” rating for the company. Finally, B. Riley Financial lifted their price target on Compass Diversified from $8.00 to $10.50 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Compass Diversified currently has a consensus rating of “Hold” and an average price target of $12.75.

Insider Activity

In related news, insider Stephen Keller purchased 30,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were purchased at an average price of $8.61 per share, with a total value of $258,300.00. Following the purchase, the insider owned 20,000 shares of the company’s stock, valued at $172,200. The trade was a -300.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

Compass Diversified 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.