Nuveen LLC Makes New Investment in Compass Diversified Holdings $CODI

Key Points

• Nuveen LLC has acquired a new stake in Compass Diversified Holdings (NYSE: CODI), purchasing 417,004 shares worth approximately $7.79 million, representing about 0.55% of the company.
• Several other institutional investors, including KBC Group and NBC Securities, have also made significant adjustments to their stakes in Compass Diversified, contributing to a total institutional ownership of 72.73%.
• Analysts have downgraded Compass Diversified’s stock rating, with Jefferies Financial Group and B. Riley changing their recommendations to "hold" and "neutral," reflecting a current consensus of "Moderate Buy" with an average price target of $26.00.

Nuveen LLC acquired a new position in Compass Diversified Holdings (NYSE:CODI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 417,004 shares of the financial services provider's stock, valued at approximately $7,785,000. Nuveen LLC owned approximately 0.55% of Compass Diversified at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV bought a new position in shares of Compass Diversified in the 1st quarter worth about $30,000. NBC Securities Inc. raised its position in shares of Compass Diversified by 167,500.0% in the 1st quarter. NBC Securities Inc. now owns 1,676 shares of the financial services provider's stock worth $31,000 after acquiring an additional 1,675 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of Compass Diversified in the 1st quarter worth about $37,000. GAMMA Investing LLC raised its position in shares of Compass Diversified by 1,332.4% in the 1st quarter. GAMMA Investing LLC now owns 3,753 shares of the financial services provider's stock worth $70,000 after acquiring an additional 3,491 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Compass Diversified by 46.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the financial services provider's stock worth $71,000 after acquiring an additional 976 shares in the last quarter. 72.73% of the stock is owned by institutional investors.

Compass Diversified Stock Up 4.0%

CODI traded up $0.29 during midday trading on Friday, reaching $7.48. 976,870 shares of the company were exchanged, compared to its average volume of 873,814. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.57 and a current ratio of 4.07. The company's fifty day moving average price is $6.75 and its 200 day moving average price is $11.91. The company has a market cap of $562.42 million, a price-to-earnings ratio of -5.84 and a beta of 1.05. Compass Diversified Holdings has a one year low of $5.98 and a one year high of $24.32.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CODI shares. B. Riley lowered Compass Diversified from a "buy" rating to a "neutral" rating and decreased their target price for the company from $30.00 to $18.00 in a research report on Thursday, May 8th. Jefferies Financial Group lowered Compass Diversified to a "hold" rating in a research report on Friday, June 6th. Finally, Wall Street Zen lowered 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 given a Hold rating to the company. Based on data from MarketBeat.com, Compass Diversified presently has a consensus rating of "Moderate Buy" and an average 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.