Janney Montgomery Scott LLC Cuts Stock Holdings in Compass Diversified Holdings $CODI

Key Points

• Janney Montgomery Scott LLC reduced its stake in Compass Diversified Holdings by 28.9%, owning 153,695 shares worth approximately $965,000 at the end of the last quarter.
• Several institutional investors increased their positions in Compass Diversified, with GAMMA Investing LLC growing its stake by 1,332.4% in the first quarter.
• Analysts have mixed ratings for Compass Diversified, with a current average rating of "Hold" and an average price target of $26.00.

Janney Montgomery Scott LLC trimmed its stake in shares of Compass Diversified Holdings (NYSE:CODI - Free Report) by 28.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 153,695 shares of the financial services provider's stock after selling 62,397 shares during the period. Janney Montgomery Scott LLC owned 0.20% of Compass Diversified worth $965,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CODI. GAMMA Investing LLC grew its stake 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. Bessemer Group Inc. purchased a new position in Compass Diversified during the first quarter valued at $37,000. Allspring Global Investments Holdings LLC grew its stake in Compass Diversified by 10.4% during the first 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 in the last quarter. KBC Group NV purchased a new position in Compass Diversified during the first quarter valued at $30,000. Finally, Teacher Retirement System of Texas purchased a new position in Compass Diversified during the first quarter valued at $285,000. 72.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Compass Diversified from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Weiss Ratings reissued a "sell (d+)" rating on shares of Compass Diversified in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Compass Diversified has an average rating of "Hold" and an average price target of $26.00.

Compass Diversified Trading Up 1.3%

Compass Diversified stock opened at $8.59 on Wednesday. The firm has a 50-day moving average price of $7.17 and a 200-day moving average price of $9.02. The firm 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 12-month low of $5.98 and a 12-month high of $24.32.

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.

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