Royce & Associates LP Acquires 80,990 Shares of Compass Diversified Holdings (NYSE:CODI)

Royce & Associates LP raised its position in Compass Diversified Holdings (NYSE:CODI - Free Report) by 9.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 898,022 shares of the financial services provider's stock after purchasing an additional 80,990 shares during the quarter. Royce & Associates LP owned 1.19% of Compass Diversified worth $16,766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CODI. Allspring Global Investments Holdings LLC lifted its holdings in Compass Diversified by 10.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,789,892 shares of the financial services provider's stock valued at $88,709,000 after purchasing an additional 451,731 shares during the last quarter. GW&K Investment Management LLC lifted its stake in Compass Diversified by 2.3% during the first quarter. GW&K Investment Management LLC now owns 1,477,259 shares of the financial services provider's stock worth $27,580,000 after purchasing an additional 33,821 shares during the last quarter. Bank of America Corp DE raised its stake in Compass Diversified by 14.9% during the fourth quarter. Bank of America Corp DE now owns 1,203,606 shares of the financial services provider's stock worth $27,779,000 after acquiring an additional 156,074 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Compass Diversified by 3.3% during the fourth quarter. Schroder Investment Management Group now owns 1,103,849 shares of the financial services provider's stock worth $25,477,000 after buying an additional 35,200 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Compass Diversified by 1.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,103,405 shares of the financial services provider's stock valued at $25,467,000 after buying an additional 18,210 shares during the period. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Price Performance

CODI traded up $0.10 during midday trading on Friday, hitting $6.83. The stock had a trading volume of 825,247 shares, compared to its average volume of 1,060,769. The business has a fifty day moving average of $6.64 and a 200 day moving average of $14.41. 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 1 year low of $5.98 and a 1 year high of $24.59. The company has a market cap of $513.51 million, a P/E ratio of -5.33 and a beta of 1.02.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CODI shares. Wall Street Zen upgraded Compass Diversified from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Jefferies Financial Group cut Compass Diversified to a "hold" rating in a research report on Friday, June 6th. Finally, B. Riley downgraded Compass Diversified from a "buy" rating to a "neutral" rating and cut their target price for the stock from $30.00 to $18.00 in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Compass Diversified currently has an average rating of "Moderate Buy" and an average target price of $26.00.

About Compass Diversified

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.