Insider Buying: Compass Diversified (NYSE:CODI) Insider Purchases $87,150.00 in Stock

Compass Diversified Holdings (NYSE:CODI) insider Zachary Sawtelle acquired 7,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average price of $12.45 per share, with a total value of $87,150.00. Following the completion of the transaction, the insider owned 63,588 shares in the company, valued at $791,670.60. This represents a 12.37% 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 link.

Compass Diversified Price Performance

NYSE:CODI traded up $0.20 on Thursday, hitting $12.28. The company had a trading volume of 743,162 shares, compared to its average volume of 1,105,443. Compass Diversified Holdings has a 52 week low of $4.58 and a 52 week high of $13.24. The company has a current ratio of 2.67, a quick ratio of 1.56 and a debt-to-equity ratio of 34.60. The stock has a market capitalization of $923.57 million, a price-to-earnings ratio of -5.66 and a beta of 1.27. The firm has a 50 day moving average of $10.41 and a two-hundred day moving average of $9.36.

Compass Diversified (NYSE:CODI) last posted its earnings results on Monday, August 10th. The financial services provider reported ($0.09) earnings per share for the quarter. The company had revenue of $424.04 million for the quarter. Compass Diversified had a negative return on equity of 9.53% and a negative net margin of 5.38%. On average, research analysts anticipate that Compass Diversified Holdings will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CODI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Diversified in a report on Friday, July 17th. TD Cowen boosted their price target on Compass Diversified from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday. B. Riley Financial upgraded shares of Compass Diversified from a “neutral” rating to a “buy” rating and raised their price objective for the company from $11.00 to $15.00 in a report on Tuesday. Finally, UBS Group set a $18.00 target price on shares of Compass Diversified in a report on Tuesday. Three research 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. According to data from MarketBeat.com, Compass Diversified currently has an average rating of “Hold” and an average target price of $16.50.

Hedge Funds Weigh In On Compass Diversified

A number of hedge funds have recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. lifted its stake in shares of Compass Diversified by 75.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,966,408 shares of the financial services provider’s stock worth $9,439,000 after acquiring an additional 843,965 shares during the period. SG Capital Management LLC acquired a new position in shares of Compass Diversified in the 4th quarter worth approximately $7,626,000. CenterBook Partners LP bought a new stake in shares of Compass Diversified in the 4th quarter valued at $6,597,000. Bank of America Corp DE increased its position in shares of Compass Diversified by 77.4% during the first quarter. Bank of America Corp DE now owns 1,306,527 shares of the financial services provider’s stock worth $10,269,000 after buying an additional 570,003 shares during the period. Finally, State Street Corp raised its stake in Compass Diversified by 2.3% during the fourth quarter. State Street Corp now owns 1,238,792 shares of the financial services provider’s stock worth $5,946,000 after buying an additional 27,774 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors.

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.