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

Key Points

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Aptus Capital Advisors LLC boosted its holdings in Compass Diversified Holdings (NYSE:CODI - Free Report) by 12.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 371,224 shares of the financial services provider's stock after purchasing an additional 41,762 shares during the period. Aptus Capital Advisors LLC owned about 0.49% of Compass Diversified worth $6,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. American Century Companies Inc. grew its position in Compass Diversified by 1.0% in the first quarter. American Century Companies Inc. now owns 5,344,823 shares of the financial services provider's stock valued at $99,788,000 after purchasing an additional 53,721 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Compass Diversified by 10.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,789,892 shares of the financial services provider's stock valued at $88,709,000 after acquiring an additional 451,731 shares during the period. Lord Abbett & CO. LLC grew its position in shares of Compass Diversified by 3.2% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,608,556 shares of the financial services provider's stock valued at $30,032,000 after acquiring an additional 49,276 shares during the period. GW&K Investment Management LLC grew its position in shares of Compass Diversified by 2.3% in the 1st quarter. GW&K Investment Management LLC now owns 1,477,259 shares of the financial services provider's stock valued at $27,580,000 after acquiring an additional 33,821 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Compass Diversified by 14.9% in the 4th quarter. Bank of America Corp DE now owns 1,203,606 shares of the financial services provider's stock valued at $27,779,000 after acquiring an additional 156,074 shares during the period. Institutional investors own 72.73% of the company's stock.

Compass Diversified Stock Performance

Shares of NYSE CODI traded up $0.4680 during mid-day trading on Friday, reaching $7.6180. 830,063 shares of the company were exchanged, compared to its average volume of 924,521. Compass Diversified Holdings has a twelve month low of $5.98 and a twelve month high of $24.32. 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 company's 50-day simple moving average is $6.63 and its 200-day simple moving average is $12.31. The stock has a market capitalization of $573.18 million, a P/E ratio of -5.95 and a beta of 1.05.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CODI. B. Riley downgraded shares of Compass Diversified from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $30.00 to $18.00 in a research report on Thursday, May 8th. Jefferies Financial Group cut shares of Compass Diversified to a "hold" rating in a research note on Friday, June 6th. Finally, Wall Street Zen cut shares of Compass Diversified from a "buy" rating to a "hold" rating in a research note on Friday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Compass Diversified has a consensus rating of "Moderate Buy" and a consensus target price 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.