Inspire Investing LLC Acquires 43,849 Shares of Compass Diversified Holdings $CODI

Key Points

• Inspire Investing LLC significantly increased its stake in Compass Diversified Holdings by 238.6%, now possessing 62,229 shares valued at approximately $391,000.
• Compass Diversified's stock currently has a market capitalization of $646.01 million and is trading at $8.59, with a consensus rating of "Hold" from analysts.
• Various institutional investors have recently acquired positions in Compass Diversified, with 72.73% of the stock being held by such entities, indicating strong institutional interest.

Inspire Investing LLC grew its holdings in Compass Diversified Holdings (NYSE:CODI - Free Report) by 238.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,229 shares of the financial services provider's stock after acquiring an additional 43,849 shares during the quarter. Inspire Investing LLC owned 0.08% of Compass Diversified worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. KBC Group NV acquired a new position in shares of Compass Diversified in the first quarter valued at $30,000. Bessemer Group Inc. acquired a new position in shares of Compass Diversified in the first quarter valued at $37,000. State of Wyoming acquired a new position in shares of Compass Diversified in the first quarter valued at $51,000. GAMMA Investing LLC raised its stake 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 in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Compass Diversified in the first quarter valued at $95,000. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Stock Performance

Shares of CODI stock opened at $8.59 on Wednesday. The stock's fifty day moving average is $7.17 and its 200-day moving average is $9.02. The stock has a market capitalization of $646.01 million, a PE ratio of -6.71 and a beta of 1.08. Compass Diversified Holdings has a 52 week low of $5.98 and a 52 week high of $24.32.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen lowered Compass Diversified from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Weiss Ratings restated a "sell (d+)" rating on shares of Compass Diversified in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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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