Blair William & Co. IL Sells 621,954 Shares of Compass Diversified Holdings $CODI

Key Points

• Blair William & Co. IL has significantly reduced its stake in Compass Diversified Holdings (NYSE:CODI) by 92.2%, now holding just 52,365 shares after selling 621,954 shares in the second quarter.
• Compass Diversified has a market cap of $549.63 million and its stock is currently trading at $7.31, showing a 1-year low of $5.98 and a high of $24.32.
• Recent analyst reports reflect a mixed sentiment, with ratings ranging from "Buy" to "Sell," resulting in a consensus rating of "Hold" and a target price of $26.00.

Blair William & Co. IL trimmed its holdings in Compass Diversified Holdings (NYSE:CODI - Free Report) by 92.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,365 shares of the financial services provider's stock after selling 621,954 shares during the period. Blair William & Co. IL owned about 0.07% of Compass Diversified worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. KBC Group NV purchased a new stake in shares of Compass Diversified in the first quarter valued at about $30,000. Bessemer Group Inc. purchased a new stake in shares of Compass Diversified in the first quarter valued at about $37,000. State of Wyoming purchased a new stake in shares of Compass Diversified in the first quarter valued at about $51,000. GAMMA Investing LLC raised its holdings in shares of Compass Diversified by 1,332.4% in the first quarter. GAMMA Investing LLC now owns 3,753 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 3,491 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Compass Diversified in the first quarter valued at about $95,000. 72.73% of the stock is owned by institutional investors.

Compass Diversified Price Performance

Shares of Compass Diversified stock opened at $7.31 on Friday. Compass Diversified Holdings has a 1 year low of $5.98 and a 1 year high of $24.32. The firm has a market cap of $549.63 million, a PE ratio of -5.71 and a beta of 1.08. The company has a 50 day simple moving average of $7.22 and a two-hundred day simple moving average of $8.79.

Wall Street Analysts Forecast Growth

CODI has been the subject of several analyst reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of Compass Diversified in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Compass Diversified from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Two research 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's stock. According to MarketBeat, Compass Diversified has a consensus rating of "Hold" and a consensus target price of $26.00.

Compass Diversified Company Profile

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, healthcare, safety & security, electronic components, food and foodservice.

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