41,609 Shares in Compass Diversified Holdings (NYSE:CODI) Purchased by Y Intercept Hong Kong Ltd

Key Points

• Y Intercept Hong Kong Ltd has invested $777,000 in Compass Diversified Holdings, acquiring 41,609 shares, representing 0.06% of the company.
• Multiple institutional investors, including GW&K Investment Management and Verdence Capital Advisors, have significantly increased their stakes in Compass Diversified during the first quarter.
• Analysts have recently downgraded Compass Diversified's ratings, with expectations reflected in a current consensus price target of $26.00 and a shift from "buy" to "hold" ratings from several firms.

Y Intercept Hong Kong Ltd acquired a new stake in shares of Compass Diversified Holdings (NYSE:CODI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 41,609 shares of the financial services provider's stock, valued at approximately $777,000. Y Intercept Hong Kong Ltd owned about 0.06% of Compass Diversified at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in Compass Diversified by 10.8% during the 4th quarter. Northern Trust Corp now owns 507,660 shares of the financial services provider's stock valued at $11,717,000 after acquiring an additional 49,403 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Compass Diversified by 1.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,103,405 shares of the financial services provider's stock worth $25,467,000 after buying an additional 18,210 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Compass Diversified by 10.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,789,892 shares of the financial services provider's stock worth $88,709,000 after buying an additional 451,731 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Compass Diversified by 14.9% in the 4th quarter. Bank of America Corp DE now owns 1,203,606 shares of the financial services provider's stock worth $27,779,000 after buying an additional 156,074 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of Compass Diversified in the 4th quarter worth about $1,140,000. 72.73% of the stock is currently owned by institutional investors.

Compass Diversified Stock Performance

Shares of CODI stock traded down $0.20 during trading hours on Tuesday, reaching $6.58. The stock had a trading volume of 170,933 shares, compared to its average volume of 872,152. 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 twelve month low of $5.98 and a twelve month high of $24.59. The firm has a 50-day simple moving average of $6.61 and a 200-day simple moving average of $14.21. The firm has a market capitalization of $494.70 million, a PE ratio of -5.14 and a beta of 1.02.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CODI. B. Riley downgraded shares of Compass Diversified from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $30.00 to $18.00 in a research report on Thursday, May 8th. Wall Street Zen downgraded shares of Compass Diversified from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Jefferies Financial Group downgraded shares of Compass Diversified to a "hold" rating in a research report on Friday, June 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $26.00.

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.