133,628 Shares in Compass Diversified Holdings $CODI Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in Compass Diversified Holdings (NYSE:CODI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 133,628 shares of the financial services provider's stock, valued at approximately $1,424,000. Public Employees Retirement System of Ohio owned about 0.18% of Compass Diversified at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Compass Diversified by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider's stock valued at $740,000 after buying an additional 1,728 shares during the period. Sei Investments Co. raised its stake in Compass Diversified by 1.8% during the 3rd quarter. Sei Investments Co. now owns 115,570 shares of the financial services provider's stock worth $765,000 after buying an additional 2,022 shares during the period. Brown Advisory Inc. boosted its holdings in Compass Diversified by 3.9% in the second quarter. Brown Advisory Inc. now owns 80,734 shares of the financial services provider's stock worth $507,000 after acquiring an additional 3,000 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Compass Diversified by 13.0% in the second quarter. Prudential Financial Inc. now owns 30,325 shares of the financial services provider's stock worth $190,000 after acquiring an additional 3,490 shares in the last quarter. Finally, Nuveen LLC grew its stake in Compass Diversified by 1.8% in the fourth quarter. Nuveen LLC now owns 212,649 shares of the financial services provider's stock valued at $1,021,000 after acquiring an additional 3,767 shares during the period. Institutional investors own 72.73% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. UBS Group set a $18.00 target price on Compass Diversified in a research report on Tuesday, August 11th. TD Cowen lifted their price target on shares of Compass Diversified from $12.50 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. B. Riley Financial upgraded shares of Compass Diversified from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $11.00 to $15.00 in a report on Tuesday, August 11th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Compass Diversified in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Compass Diversified from a "sell" rating to a "hold" rating in a report on Saturday, August 29th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Compass Diversified currently has a consensus rating of "Hold" and an average target price of $16.50.

Compass Diversified Price Performance

CODI opened at $11.67 on Tuesday. The company has a debt-to-equity ratio of 11.90, a current ratio of 2.26 and a quick ratio of 1.10. The company has a market capitalization of $878.05 million, a price-to-earnings ratio of -5.38 and a beta of 1.26. The firm's fifty day moving average price is $10.91 and its two-hundred day moving average price is $10.02. Compass Diversified Holdings has a 1 year low of $4.58 and a 1 year high of $13.25.

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

Insider Activity

In other Compass Diversified news, insider Larry Enterline bought 67,114 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $12.42 per share, for a total transaction of $833,555.88. Following the purchase, the insider directly owned 100,000 shares of the company's stock, valued at approximately $1,242,000. This represents a 204.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Keller purchased 10,000 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average price of $12.01 per share, for a total transaction of $120,100.00. Following the completion of the acquisition, the insider directly owned 51,840 shares of the company's stock, valued at $622,598.40. This trade represents a 23.90% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 140,995 shares of company stock worth $1,715,498. Corporate insiders own 1.60% of the company's stock.

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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