PineBridge Investments L.P. raised its position in shares of Compass Diversified Holdings (NYSE:CODI) by 192.4% during the second quarter, Holdings Channel reports. The firm owned 22,919 shares of the company’s stock after buying an additional 15,080 shares during the period. PineBridge Investments L.P.’s holdings in Compass Diversified Holdings were worth $380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. BB&T Securities LLC raised its position in shares of Compass Diversified Holdings by 14.0% in the first quarter. BB&T Securities LLC now owns 38,359 shares of the company’s stock worth $600,000 after buying an additional 4,700 shares during the period. Goldman Sachs Group Inc. raised its position in Compass Diversified Holdings by 9.4% in the first quarter. Goldman Sachs Group Inc. now owns 108,349 shares of the company’s stock worth $1,696,000 after buying an additional 9,340 shares during the last quarter. Renaissance Technologies LLC raised its position in Compass Diversified Holdings by 831.2% in the first quarter. Renaissance Technologies LLC now owns 114,823 shares of the company’s stock worth $1,797,000 after buying an additional 102,492 shares during the last quarter. Legal & General Group Plc raised its position in Compass Diversified Holdings by 30.8% in the first quarter. Legal & General Group Plc now owns 109,155 shares of the company’s stock worth $1,705,000 after buying an additional 25,696 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC raised its position in Compass Diversified Holdings by 7.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 22,000 shares of the company’s stock worth $344,000 after buying an additional 1,500 shares during the last quarter.

Compass Diversified Holdings (NYSE:CODI) traded up 1.07% during trading on Wednesday, hitting $17.04. The company had a trading volume of 4,455 shares. The firm has a 50-day moving average of $17.11 and a 200 day moving average of $16.29. Compass Diversified Holdings has a 12-month low of $13.65 and a 12-month high of $17.58. The company has a market capitalization of $925.26 million, a price-to-earnings ratio of 6.32 and a beta of 1.01.

Compass Diversified Holdings (NYSE:CODI) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.02. The business earned $229.39 million during the quarter, compared to the consensus estimate of $228.45 million. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 earnings per share. On average, equities research analysts forecast that Compass Diversified Holdings will post $1.35 earnings per share for the current year.

CODI has been the topic of a number of research analyst reports. Bank of America Corp. reaffirmed a “buy” rating and set a $18.00 target price on shares of Compass Diversified Holdings in a report on Friday, August 26th. Zacks Investment Research raised Compass Diversified Holdings from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Wednesday, July 6th. Jefferies Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Compass Diversified Holdings in a report on Saturday, June 25th. SunTrust Banks Inc. initiated coverage on Compass Diversified Holdings in a report on Wednesday, July 20th. They set a “buy” rating and a $19.00 target price on the stock. Finally, TheStreet raised Compass Diversified Holdings from a “hold” rating to a “buy” rating in a report on Monday, July 11th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Compass Diversified Holdings has a consensus rating of “Buy” and an average price target of $18.51.

In other news, insider Alan B. Offenberg bought 30,000 shares of the company’s stock in a transaction dated Tuesday, August 16th. The stock was bought at an average price of $17.10 per share, for a total transaction of $513,000.00. Following the completion of the transaction, the insider now directly owns 324,942 shares in the company, valued at approximately $5,556,508.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark H. Lazarus bought 6,030 shares of the company’s stock in a transaction dated Thursday, June 30th. The shares were purchased at an average price of $16.50 per share, with a total value of $99,495.00. Following the transaction, the insider now owns 41,686 shares of the company’s stock, valued at $687,819. The disclosure for this purchase can be found here.

About Compass Diversified Holdings

Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages a group of small and middle-market businesses. The Company’s segments include The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty Safe or Liberty), Fresh Hemp Foods Ltd.

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