Sei Investments Co. Buys 117,423 Shares of Compass Diversified Holdings $CODI

Key Points

• Sei Investments increased its Compass Diversified stake by 69.6% in the first quarter, buying 117,423 additional shares for a total of 286,033 shares valued at approximately $2.25 million.
• Several other institutional investors also expanded their positions, and hedge funds and institutions collectively own 72.73% of CODI’s outstanding shares.
• Analyst sentiment is mixed: two analysts rate CODI a Buy, three recommend Hold, and one rates it Sell. The consensus rating is Hold, with an average price target of $12.67, versus a recent share price of $10.98.

Sei Investments Co. grew its stake in shares of Compass Diversified Holdings (NYSE:CODI - Free Report) by 69.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 286,033 shares of the financial services provider's stock after acquiring an additional 117,423 shares during the period. Sei Investments Co. owned about 0.38% of Compass Diversified worth $2,248,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd lifted its stake in Compass Diversified by 13.9% in the first quarter. Y Intercept Hong Kong Ltd now owns 364,022 shares of the financial services provider's stock valued at $2,861,000 after purchasing an additional 44,528 shares during the last quarter. North Star Investment Management Corp. lifted its position in shares of Compass Diversified by 20,678.0% during the 1st quarter. North Star Investment Management Corp. now owns 61,295 shares of the financial services provider's stock valued at $482,000 after buying an additional 61,000 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Compass Diversified by 44.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 76,593 shares of the financial services provider's stock worth $602,000 after acquiring an additional 23,676 shares during the period. Oak Family Advisors LLC purchased a new stake in Compass Diversified in the 1st quarter worth about $1,372,000. Finally, ARS Investment Partners LLC raised its stake in Compass Diversified by 257.6% in the 1st quarter. ARS Investment Partners LLC now owns 53,256 shares of the financial services provider's stock valued at $419,000 after acquiring an additional 38,364 shares during the period. Hedge funds and other institutional investors own 72.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CODI. TD Cowen reiterated a "buy" rating and set a $12.50 target price on shares of Compass Diversified in a research report on Thursday, July 16th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Compass Diversified in a report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $12.67.

Compass Diversified Stock Up 1.9%

Shares of NYSE CODI opened at $10.98 on Friday. The firm's fifty day moving average is $10.35 and its 200 day moving average is $9.20. Compass Diversified Holdings has a 52 week low of $4.58 and a 52 week high of $12.64. The company has a quick ratio of 1.56, a current ratio of 2.67 and a debt-to-equity ratio of 34.60. The company has a market cap of $825.94 million, a price-to-earnings ratio of -2.81 and a beta of 1.27.

Compass Diversified Company Profile

Compass Diversified Holdings NYSE: CODI is a publicly traded private equity company headquartered in Bethesda, Maryland. The firm specializes in acquiring and managing middle-market businesses across a variety of industries, with a focus on driving operational performance and sustainable growth. As an externally managed entity, Compass Diversified leverages a disciplined investment approach to build a portfolio of market-leading companies that benefit from strategic oversight, capital support and shared best practices.

Compass Diversified's investment activities span five core sectors: branded consumer, consumer services, differentiated industrial products, value-added distribution and business services.

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