Compass Diversified Holdings $CODI Shares Acquired by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Compass Diversified Holdings by 2.6%, owning approximately 6.53% of the company, worth $31.4 million.
• Multiple institutional investors made significant increases in their positions during the second quarter, with some reporting increases of over 300%.
• Compass Diversified has a current market capitalization of $609.04 million, with its stock showing a 12-month price range of $5.98 to $24.32.

Allspring Global Investments Holdings LLC lifted its stake in shares of Compass Diversified Holdings (NYSE:CODI - Free Report) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,912,110 shares of the financial services provider's stock after purchasing an additional 122,218 shares during the quarter. Allspring Global Investments Holdings LLC owned about 6.53% of Compass Diversified worth $31,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. CWM LLC raised its position in shares of Compass Diversified by 65.5% during the 2nd quarter. CWM LLC now owns 60,522 shares of the financial services provider's stock worth $380,000 after purchasing an additional 23,945 shares during the period. Inspire Investing LLC raised its position in shares of Compass Diversified by 238.6% during the 2nd quarter. Inspire Investing LLC now owns 62,229 shares of the financial services provider's stock worth $391,000 after purchasing an additional 43,849 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Compass Diversified by 1,579.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 31,723 shares of the financial services provider's stock worth $199,000 after purchasing an additional 29,834 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Compass Diversified by 81.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,609 shares of the financial services provider's stock worth $196,000 after purchasing an additional 13,273 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Compass Diversified by 345.5% during the 1st 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 during the period. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Price Performance

CODI opened at $8.10 on Thursday. The stock's 50 day moving average price is $7.20 and its 200 day moving average price is $9.02. The stock has a market cap of $609.04 million, a P/E ratio of -6.32 and a beta of 1.08. Compass Diversified Holdings has a 12 month low of $5.98 and a 12 month high of $24.32.

Wall Street Analyst Weigh In

CODI has been the topic of a number of research reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of Compass Diversified in a research report on Wednesday, October 8th. Wall Street Zen cut Compass Diversified from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Two equities 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. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target 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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