Royal Bank of Canada Has $11.76 Million Holdings in Compass Diversified Holdings $CODI

Key Points

• The Royal Bank of Canada reduced its holdings in Compass Diversified Holdings by 14.6%, selling 107,453 shares to end the first quarter with 629,710 shares valued at approximately $11.8 million.
• Several hedge funds have modified their positions in Compass Diversified, with notable increases from Northern Trust Corp and Bank of America, indicating growing institutional interest.
• Analysts have issued mixed ratings on Compass Diversified, with two firms downgrading the stock to "hold," while the consensus rating remains a "Moderate Buy" with a price target of $26.00.

Royal Bank of Canada lessened its holdings in shares of Compass Diversified Holdings (NYSE:CODI - Free Report) by 14.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 629,710 shares of the financial services provider's stock after selling 107,453 shares during the period. Royal Bank of Canada owned 0.84% of Compass Diversified worth $11,758,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CODI. State of Wyoming bought a new position in Compass Diversified in the 1st quarter worth approximately $51,000. Gamco Investors INC. ET AL grew its stake in Compass Diversified by 38.5% in the first quarter. Gamco Investors INC. ET AL now owns 36,359 shares of the financial services provider's stock valued at $679,000 after purchasing an additional 10,108 shares during the last quarter. AlphaQuest LLC grew its stake in Compass Diversified by 1,009.2% in the first quarter. AlphaQuest LLC now owns 15,951 shares of the financial services provider's stock valued at $298,000 after purchasing an additional 14,513 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Compass Diversified in the first quarter worth about $95,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Compass Diversified by 148.6% during the first quarter. Quantbot Technologies LP now owns 27,289 shares of the financial services provider's stock worth $509,000 after purchasing an additional 16,311 shares during the period. Hedge funds and other institutional investors own 72.73% of the company's stock.

Analyst Ratings Changes

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

Compass Diversified Stock Down 1.9%

CODI traded down $0.14 on Wednesday, reaching $7.16. The company's stock had a trading volume of 971,011 shares, compared to its average volume of 623,239. The company has a debt-to-equity ratio of 1.54, a current ratio of 4.07 and a quick ratio of 1.57. The business's 50 day moving average is $6.95 and its 200 day moving average is $10.74. Compass Diversified Holdings has a 1 year low of $5.98 and a 1 year high of $24.32. The stock has a market cap of $538.94 million, a price-to-earnings ratio of -5.60 and a beta of 1.04.

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.