North Star Investment Management Corp. Lowers Stake in Compass Diversified Holdings $CODI

Key Points

• North Star Investment Management Corp. reduced its stake in Compass Diversified Holdings by 13.7% during the second quarter, now holding 276,642 shares worth approximately $1.7 million.
• Several hedge funds significantly increased their positions in Compass, with the Public Employees Retirement System of Ohio raising its stake by 1,579.4% in the same quarter.
• Recent analyst reports have downgraded Compass Diversified from a "buy" to a "hold" rating, reflecting a shift in market sentiment, although the average rating remains a "Moderate Buy."

North Star Investment Management Corp. lowered its stake in shares of Compass Diversified Holdings (NYSE:CODI - Free Report) by 13.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 276,642 shares of the financial services provider's stock after selling 43,748 shares during the period. North Star Investment Management Corp. owned 0.37% of Compass Diversified worth $1,737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CODI. Public Employees Retirement System of Ohio increased its position in shares of Compass Diversified by 1,579.4% during the second quarter. Public Employees Retirement System of Ohio now owns 31,723 shares of the financial services provider's stock worth $199,000 after purchasing an additional 29,834 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Compass Diversified by 81.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,609 shares of the financial services provider's stock worth $196,000 after purchasing an additional 13,273 shares in the last quarter. Jane Street Group LLC increased its position in shares of Compass Diversified by 345.5% during the first quarter. Jane Street Group LLC now owns 193,907 shares of the financial services provider's stock worth $3,620,000 after purchasing an additional 150,386 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Compass Diversified by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,458 shares of the financial services provider's stock worth $2,884,000 after purchasing an additional 10,006 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in shares of Compass Diversified by 73.6% during the first quarter. Dynamic Technology Lab Private Ltd now owns 38,560 shares of the financial services provider's stock worth $720,000 after purchasing an additional 16,346 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company's stock.

Wall Street Analyst Weigh In

CODI has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Compass Diversified from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Jefferies Financial Group downgraded Compass Diversified to a "hold" rating in a research report on Friday, June 6th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $26.00.

Compass Diversified Price Performance

Shares of CODI opened at $6.77 on Friday. The business's 50-day moving average is $7.03 and its two-hundred day moving average is $10.20. The company has a market capitalization of $509.00 million, a P/E ratio of -5.29 and a beta of 1.04. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.57 and a current ratio of 4.07. Compass Diversified Holdings has a fifty-two week low of $5.98 and a fifty-two week high of $24.32.

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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