Vanguard Group Inc. Reduces Stock Position in Compass Diversified Holdings $CODI

Key Points

• Vanguard Group Inc. has reduced its stake in Compass Diversified Holdings by 0.9%, selling 47,613 shares and now owning approximately 7.09% of the company, valued at $99.7 million.
• Analysts have downgraded CODI from "buy" to "hold" ratings, with B. Riley lowering the price target from $30 to $18 in the latest reports.
• The current stock price of Compass Diversified is $7.6180, significantly lower than its 1-year high of $24.32, reflecting a fluctuating market position.

Vanguard Group Inc. reduced its holdings in shares of Compass Diversified Holdings (NYSE:CODI - Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,337,874 shares of the financial services provider's stock after selling 47,613 shares during the quarter. Vanguard Group Inc. owned about 7.09% of Compass Diversified worth $99,658,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. KBC Group NV bought a new stake in Compass Diversified during the 1st quarter worth approximately $30,000. NBC Securities Inc. increased its holdings in Compass Diversified by 167,500.0% during 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 during the period. Bessemer Group Inc. bought a new position in shares of Compass Diversified in the 1st quarter worth $37,000. Tower Research Capital LLC TRC increased its holdings 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 buying an additional 976 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings 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 buying an additional 3,491 shares during the last quarter. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. B. Riley lowered shares of Compass Diversified from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $30.00 to $18.00 in a report on Thursday, May 8th. Jefferies Financial Group lowered shares of Compass Diversified to a "hold" rating in a report on Friday, June 6th. Finally, Wall Street Zen lowered shares of Compass Diversified from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Compass Diversified presently has an average rating of "Moderate Buy" and an average price target of $26.00.

Compass Diversified Trading Down 4.7%

Shares of Compass Diversified stock traded down $0.36 during trading on Thursday, reaching $7.18. The company's stock had a trading volume of 585,908 shares, compared to its average volume of 882,323. The company has a quick ratio of 1.57, a current ratio of 4.07 and a debt-to-equity ratio of 1.54. Compass Diversified Holdings has a 52-week low of $5.98 and a 52-week high of $24.32. The firm's 50-day moving average is $6.73 and its two-hundred day moving average is $12.06. The company has a market cap of $539.85 million, a price-to-earnings ratio of -5.61 and a beta of 1.05.

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.