Vanguard Group Inc. Sells 47,613 Shares of 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. lessened its stake in Compass Diversified Holdings (NYSE:CODI - Free Report) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities & 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 approximately 7.09% of Compass Diversified worth $99,658,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. KBC Group NV bought a new stake in Compass Diversified during the first quarter worth $30,000. NBC Securities Inc. lifted its holdings in Compass Diversified by 167,500.0% during the first 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 stake in Compass Diversified during the first quarter worth $37,000. GAMMA Investing LLC lifted its holdings in Compass Diversified by 1,332.4% during the first quarter. GAMMA Investing LLC now owns 3,753 shares of the financial services provider's stock worth $70,000 after acquiring an additional 3,491 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in Compass Diversified by 46.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the financial services provider's stock worth $71,000 after acquiring an additional 976 shares during the period. Institutional investors own 72.73% of the company's stock.

Analysts Set New Price Targets

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

Compass Diversified Stock Performance

Shares of CODI opened at $7.6180 on Friday. The firm has a market cap of $573.18 million, a PE ratio of -5.95 and a beta of 1.05. The stock's fifty day moving average price is $6.63 and its two-hundred day moving average price is $12.43. The company has a debt-to-equity ratio of 1.54, a current ratio of 4.07 and a quick ratio of 1.57. Compass Diversified Holdings has a 1 year low of $5.98 and a 1 year high of $24.32.

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.

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