Goldman Sachs Group Inc. Sells 61,895 Shares of Compass Diversified Holdings $CODI

Key Points

• Goldman Sachs has reduced its stake in Compass Diversified Holdings by 23.1%, holding approximately $3.84 million worth of shares after selling 61,895 during the first quarter.
• Multiple institutional investors, including KBC Group NV and GAMMA Investing LLC, have increased their stakes in Compass Diversified Holdings, with institutional ownership currently at 72.73%.
• Recent analyst ratings have seen Compass Diversified downgraded from a "buy" to a "hold," with the average price target set at $26.00.

Goldman Sachs Group Inc. decreased its holdings in Compass Diversified Holdings (NYSE:CODI - Free Report) by 23.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 205,827 shares of the financial services provider's stock after selling 61,895 shares during the period. Goldman Sachs Group Inc. owned about 0.27% of Compass Diversified worth $3,843,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV purchased a new position in shares of Compass Diversified during the first quarter valued at $30,000. NBC Securities Inc. lifted its holdings in shares of Compass Diversified by 167,500.0% during the first quarter. NBC Securities Inc. now owns 1,676 shares of the financial services provider's stock worth $31,000 after purchasing an additional 1,675 shares during the period. Bessemer Group Inc. acquired a new stake in shares of Compass Diversified during the first quarter worth about $37,000. State of Wyoming purchased a new position in Compass Diversified during the first quarter valued at approximately $51,000. Finally, GAMMA Investing LLC raised its position in Compass Diversified by 1,332.4% during the first quarter. GAMMA Investing LLC now owns 3,753 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 3,491 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company's stock.

Compass Diversified Stock Performance

Shares of NYSE:CODI traded down $0.09 during trading on Friday, hitting $7.21. 1,448,191 shares of the company traded hands, compared to its average volume of 659,471. 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 business's fifty day moving average is $6.98 and its 200-day moving average is $10.49. The stock has a market capitalization of $542.48 million, a price-to-earnings ratio of -5.63 and a beta of 1.04. Compass Diversified Holdings has a one year low of $5.98 and a one year high of $24.32.

Analyst Ratings Changes

CODI has been the subject of a number of recent analyst reports. Jefferies Financial Group cut Compass Diversified to a "hold" rating in a research report on Friday, June 6th. Wall Street Zen cut Compass Diversified from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $26.00.

Compass Diversified 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.