CenterBook Partners LP Invests $6.60 Million in Compass Diversified Holdings $CODI

CenterBook Partners LP purchased a new position in Compass Diversified Holdings (NYSE:CODI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,374,382 shares of the financial services provider’s stock, valued at approximately $6,597,000.

A number of other institutional investors have also recently made changes to their positions in CODI. Mangrove Partners IM LLC increased its holdings in shares of Compass Diversified by 48.7% in the 3rd quarter. Mangrove Partners IM LLC now owns 3,684,800 shares of the financial services provider’s stock worth $24,393,000 after buying an additional 1,206,524 shares during the last quarter. Western Standard LLC bought a new position in shares of Compass Diversified during the 4th quarter valued at $5,592,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Compass Diversified by 220.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,122,443 shares of the financial services provider’s stock valued at $7,431,000 after purchasing an additional 771,923 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Compass Diversified by 738.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 784,746 shares of the financial services provider’s stock valued at $4,928,000 after purchasing an additional 691,144 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of Compass Diversified during the 2nd quarter valued at $3,346,000. Institutional investors own 72.73% of the company’s stock.

Analysts Set New Price Targets

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

Compass Diversified Price Performance

CODI stock opened at $10.69 on Monday. Compass Diversified Holdings has a 1 year low of $4.58 and a 1 year high of $12.64. The company has a market cap of $804.05 million, a P/E ratio of -2.73 and a beta of 1.26. The firm has a 50-day moving average of $10.75 and a 200 day moving average of $7.73. The company has a debt-to-equity ratio of 34.60, a current ratio of 2.67 and a quick ratio of 1.56.

Insider Transactions at Compass Diversified

In other Compass Diversified news, insider Stephen Keller purchased 30,000 shares of the firm’s stock in a transaction that occurred on 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 purchase, the insider directly owned 20,000 shares in the company, 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 can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

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.