Nuveen LLC Acquires New Holdings 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 stake in Compass Diversified Holdings (NYSE:CODI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 417,004 shares of the financial services provider's stock, valued at approximately $7,785,000. Nuveen LLC owned about 0.55% of Compass Diversified at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. KBC Group NV bought a new position in Compass Diversified in the 1st quarter valued at approximately $30,000. NBC Securities Inc. lifted its stake in 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 valued at $31,000 after purchasing an additional 1,675 shares during the last quarter. Bessemer Group Inc. bought a new position in Compass Diversified in the 1st quarter valued at approximately $37,000. GAMMA Investing LLC lifted its stake in 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 valued at $70,000 after purchasing an additional 3,491 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in 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 valued at $71,000 after purchasing an additional 976 shares during the last quarter. Institutional investors own 72.73% of the company's stock.

Compass Diversified Price Performance

CODI stock opened at $7.6180 on Monday. The company has a fifty day moving average price of $6.63 and a 200-day moving average price of $12.31. The company has a market capitalization of $573.18 million, a P/E ratio of -5.95 and a beta of 1.05. Compass Diversified Holdings has a 52-week low of $5.98 and a 52-week high of $24.32. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.57 and a current ratio of 4.07.

Analysts Set New Price Targets

Several equities analysts recently commented on CODI shares. Jefferies Financial Group downgraded shares of Compass Diversified to a "hold" rating in a research note on Friday, June 6th. Wall Street Zen downgraded shares of Compass Diversified from a "buy" rating to a "hold" rating in a research note on Friday. Finally, B. Riley downgraded shares of Compass Diversified from a "buy" rating to a "neutral" rating and dropped their price target for the company from $30.00 to $18.00 in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company 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.

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