Compass Diversified (NYSE:CODI) Shares Gap Down – Here’s What Happened

Shares of Compass Diversified Holdings (NYSE:CODI) gapped down prior to trading on Thursday . The stock had previously closed at $10.92, but opened at $10.34. Compass Diversified shares last traded at $9.8330, with a volume of 207,324 shares.

Analyst Upgrades and Downgrades

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

Compass Diversified Price Performance

The firm’s fifty day simple moving average is $11.05 and its 200 day simple moving average is $7.88. The firm has a market cap of $773.84 million, a P/E ratio of -2.63 and a beta of 1.26. The company has a debt-to-equity ratio of 34.60, a quick ratio of 1.56 and a current ratio of 2.67.

Insider Activity at Compass Diversified

In related news, insider Stephen Keller acquired 30,000 shares of the company’s stock in a transaction on Monday, April 6th. The stock was acquired at an average price of $8.61 per share, with a total value of $258,300.00. Following the acquisition, the insider directly owned 20,000 shares of the company’s stock, valued at approximately $172,200. This trade represents a -300.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CODI. Essential Partners LLC boosted its holdings in shares of Compass Diversified by 9,263.2% during the 1st quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 5,280 shares during the last quarter. RPO LLC bought a new position in shares of Compass Diversified in the 4th quarter valued at about $60,000. Geneos Wealth Management Inc. lifted its holdings in shares of Compass Diversified by 68.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 4,000 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Compass Diversified in the 3rd quarter valued at about $70,000. Finally, Quantessence Capital LLC bought a new position in shares of Compass Diversified in the 3rd quarter valued at about $70,000. Institutional investors own 72.73% of the company’s stock.

Compass Diversified Company 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.