Aptus Capital Advisors LLC Has $6.93 Million Stock Position in Compass Diversified Holdings $CODI

Key Points

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Aptus Capital Advisors LLC lifted its holdings in Compass Diversified Holdings (NYSE:CODI - Free Report) by 12.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 371,224 shares of the financial services provider's stock after buying an additional 41,762 shares during the quarter. Aptus Capital Advisors LLC owned about 0.49% of Compass Diversified worth $6,931,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Cetera Investment Advisers raised its holdings in Compass Diversified by 2.4% during the 4th quarter. Cetera Investment Advisers now owns 31,104 shares of the financial services provider's stock worth $718,000 after purchasing an additional 722 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Compass Diversified by 46.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the financial services provider's stock worth $71,000 after purchasing an additional 976 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Compass Diversified by 4.7% during the 1st quarter. Mackenzie Financial Corp now owns 22,945 shares of the financial services provider's stock worth $429,000 after purchasing an additional 1,030 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Compass Diversified by 35.1% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,316 shares of the financial services provider's stock worth $81,000 after purchasing an additional 1,122 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Compass Diversified by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,907 shares of the financial services provider's stock worth $875,000 after purchasing an additional 1,310 shares during the last quarter. 72.73% of the stock is owned by institutional investors.

Compass Diversified Stock Up 6.5%

Shares of CODI traded up $0.4680 on Friday, hitting $7.6180. The company's stock had a trading volume of 830,063 shares, compared to its average volume of 924,318. The company has a quick ratio of 1.57, a current ratio of 4.07 and a debt-to-equity ratio of 1.54. The firm's fifty day moving average price is $6.63 and its 200-day moving average price is $12.43. Compass Diversified Holdings has a fifty-two week low of $5.98 and a fifty-two week high of $24.32. The firm has a market capitalization of $573.18 million, a price-to-earnings ratio of -5.95 and a beta of 1.05.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Jefferies Financial Group cut Compass Diversified to a "hold" rating in a report on Friday, June 6th. B. Riley cut Compass Diversified from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $30.00 to $18.00 in a report on Thursday, May 8th. Finally, Wall Street Zen cut Compass Diversified from a "buy" rating to a "hold" rating in a research note on Friday. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $26.00.

About Compass Diversified

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.