Royal Bank of Canada Has $226,000 Holdings in Compass Diversified Holdings $CODI

Royal Bank of Canada decreased its position in Compass Diversified Holdings (NYSE:CODI) by 80.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,698 shares of the financial services provider’s stock after selling 118,707 shares during the period. Royal Bank of Canada’s holdings in Compass Diversified were worth $226,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CODI. AQR Capital Management LLC bought a new position in shares of Compass Diversified in the 1st quarter worth about $294,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Compass Diversified by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 1,728 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Compass Diversified by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,458 shares of the financial services provider’s stock worth $2,884,000 after purchasing an additional 10,006 shares during the period. Jane Street Group LLC increased its holdings in Compass Diversified by 345.5% in the first quarter. Jane Street Group LLC now owns 193,907 shares of the financial services provider’s stock worth $3,620,000 after purchasing an additional 150,386 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Compass Diversified by 5.5% in the second quarter. Geode Capital Management LLC now owns 862,549 shares of the financial services provider’s stock worth $5,416,000 after purchasing an additional 44,938 shares in the last quarter. Institutional investors own 72.73% of the company’s stock.

Insider Activity

In other Compass Diversified news, insider Teri Shaffer purchased 11,881 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average price of $12.25 per share, with a total value of $145,542.25. Following the transaction, the insider owned 13,201 shares in the company, valued at $161,712.25. The trade was a 900.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eugene L. Kim purchased 20,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were bought at an average price of $11.47 per share, with a total value of $229,400.00. Following the purchase, the insider directly owned 20,000 shares in the company, valued at approximately $229,400. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 140,995 shares of company stock valued at $1,715,498. 1.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CODI. TD Cowen increased their price target on Compass Diversified from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday. UBS Group set a $18.00 target price on shares of Compass Diversified in a research report on Tuesday, August 11th. B. Riley Financial raised shares of Compass Diversified from a “neutral” rating to a “buy” rating and increased their target price for the stock from $11.00 to $15.00 in a research note on Tuesday, August 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Compass Diversified in a report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Compass Diversified has an average rating of “Hold” and a consensus target price of $16.50.

Compass Diversified Trading Up 2.0%

Shares of Compass Diversified stock opened at $11.48 on Friday. The company has a debt-to-equity ratio of 11.90, a quick ratio of 1.10 and a current ratio of 2.26. Compass Diversified Holdings has a 52 week low of $4.58 and a 52 week high of $13.25. The stock has a 50 day moving average price of $10.75 and a two-hundred day moving average price of $9.79. The stock has a market capitalization of $863.76 million, a PE ratio of -5.29 and a beta of 1.27.

Compass Diversified (NYSE:CODI) last issued its earnings results on Monday, August 10th. The financial services provider reported ($0.09) earnings per share for the quarter. Compass Diversified had a negative return on equity of 10.36% and a negative net margin of 5.38%.The firm had revenue of $424.04 million for the quarter. As a group, equities analysts anticipate that Compass Diversified Holdings will post 0.11 earnings per share for the current fiscal year.

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.