Compass Diversified (NYSE:CODI) Insider Purchases $120,100.00 in Stock

Key Points

• Insider Stephen Keller purchased 10,000 Compass Diversified shares at an average price of $12.01, investing $120,100 and increasing his ownership by 23.9% to 51,840 shares.
• CODI shares recently traded at $12.28, near their 12-month high of $13.24, while the company reported a quarterly loss of $0.09 per share on $424.04 million in revenue.
• Analyst sentiment is mixed but improving: TD Cowen and B. Riley upgraded the stock to “buy,” while the consensus rating remains “Hold” with a $16.50 target price.

Compass Diversified Holdings (NYSE:CODI - Get Free Report) insider Stephen Keller acquired 10,000 shares of Compass Diversified stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $12.01 per share, with a total value of $120,100.00. Following the completion of the transaction, the insider owned 51,840 shares of the company's stock, valued at approximately $622,598.40. This trade represents a 23.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Compass Diversified Stock Performance

Shares of CODI traded up $0.20 during trading hours on Thursday, hitting $12.28. The company had a trading volume of 743,162 shares, compared to its average volume of 1,105,443. The business has a fifty day moving average of $10.41 and a 200-day moving average of $9.36. The company has a quick ratio of 1.56, a current ratio of 2.67 and a debt-to-equity ratio of 34.60. The firm has a market cap of $923.57 million, a price-to-earnings ratio of -5.66 and a beta of 1.27. Compass Diversified Holdings has a 12 month low of $4.58 and a 12 month high of $13.24.

Compass Diversified (NYSE:CODI - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The financial services provider reported ($0.09) EPS for the quarter. The company had revenue of $424.04 million during the quarter. Compass Diversified had a negative net margin of 5.38% and a negative return on equity of 9.53%. Equities analysts anticipate that Compass Diversified Holdings will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Compass Diversified

A number of institutional investors have recently modified their holdings of the business. Essential Partners LLC boosted its stake in Compass Diversified by 9,263.2% in the first quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider's stock valued at $42,000 after buying an additional 5,280 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Compass Diversified by 68.6% during the second quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider's stock worth $62,000 after acquiring an additional 4,000 shares in the last quarter. Focus Partners Wealth acquired a new position in Compass Diversified during the third quarter worth about $70,000. Quantessence Capital LLC bought a new position in shares of Compass Diversified in the third quarter worth about $70,000. Finally, Diversify Wealth Management LLC bought a new position in shares of Compass Diversified in the second quarter worth about $81,000. Institutional investors and hedge funds own 72.73% of the company's stock.

Analyst Ratings Changes

CODI has been the subject of several research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Compass Diversified in a report on Friday, July 17th. UBS Group set a $18.00 price objective on Compass Diversified in a research report on Tuesday. TD Cowen lifted their target price on Compass Diversified from $12.50 to $18.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, B. Riley Financial upgraded shares of Compass Diversified from a "neutral" rating to a "buy" rating and upped their price target for the company from $11.00 to $15.00 in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Compass Diversified currently has an average rating of "Hold" and a consensus target price of $16.50.

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.

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