National Bank of Canada FI Reduces Stock Position in Compass Diversified Holdings $CODI

Key Points

• The National Bank of Canada FI reduced its stake in Compass Diversified Holdings by 16.6%, selling 34,181 shares and now holds approximately 0.23% of the company, worth about $3.2 million.
• Several institutional investors have made significant changes to their positions in Compass Diversified, resulting in 72.73% of the stock being owned by institutional investors.
• Analysts' ratings for Compass Diversified have fluctuated, with recent upgrades and downgrades, resulting in a consensus rating of "Moderate Buy" and an average price target of $26.00.

National Bank of Canada FI decreased its position in shares of Compass Diversified Holdings (NYSE:CODI - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 171,219 shares of the financial services provider's stock after selling 34,181 shares during the quarter. National Bank of Canada FI owned approximately 0.23% of Compass Diversified worth $3,196,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. KBC Group NV purchased a new position in shares of Compass Diversified during the first quarter worth about $30,000. NBC Securities Inc. raised its holdings in shares of Compass Diversified by 167,500.0% in the first quarter. NBC Securities Inc. now owns 1,676 shares of the financial services provider's stock valued at $31,000 after buying an additional 1,675 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of Compass Diversified in the first quarter valued at about $37,000. Sterling Capital Management LLC raised its holdings in shares of Compass Diversified by 827.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,133 shares of the financial services provider's stock valued at $49,000 after buying an additional 1,903 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Compass Diversified by 46.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the financial services provider's stock valued at $71,000 after buying an additional 976 shares during the last quarter. Hedge funds and other institutional investors own 72.73% of the company's stock.

Compass Diversified Stock Performance

Shares of Compass Diversified stock traded up $0.04 on Tuesday, reaching $7.34. 160,858 shares of the stock were exchanged, compared to its average volume of 884,520. Compass Diversified Holdings has a 1-year low of $5.98 and a 1-year high of $24.32. The company has a current ratio of 4.07, a quick ratio of 1.57 and a debt-to-equity ratio of 1.54. The business has a fifty day moving average price of $6.55 and a two-hundred day moving average price of $12.69. The firm has a market capitalization of $552.23 million, a PE ratio of -5.73 and a beta of 1.05.

Wall Street Analyst Weigh In

CODI has been the subject of a number of research reports. B. Riley cut shares of Compass Diversified from a "buy" rating to a "neutral" rating and reduced their target price for the company from $30.00 to $18.00 in a report on Thursday, May 8th. Jefferies Financial Group cut shares of Compass Diversified to a "hold" rating in a report on Friday, June 6th. Finally, Wall Street Zen raised shares of Compass Diversified from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Compass Diversified has a consensus rating of "Moderate Buy" and an average target price 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.