Eugene Kim Buys 20,000 Shares of Compass Diversified (NYSE:CODI) Stock

Key Points

• Insider purchase: Eugene Kim bought 20,000 Compass Diversified shares at an average price of $11.47, investing approximately $229,400 and becoming the direct owner of 20,000 shares.
• Recent performance and results: CODI traded at $11.29, above its 50-day and 200-day moving averages, but reported a quarterly loss of $0.09 per share, negative net margin and negative return on equity.
• Mixed analyst outlook: Analysts’ ratings range from sell to buy, with an overall “Hold” consensus and an average price target of $16.50; institutional investors own 72.73% of the stock.

Compass Diversified Holdings (NYSE:CODI - Get Free Report) insider Eugene Kim purchased 20,000 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average cost of $11.47 per share, with a total value of $229,400.00. Following the completion of the acquisition, the insider directly owned 20,000 shares in the company, valued at approximately $229,400. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Compass Diversified Price Performance

CODI traded down $0.09 during trading on Thursday, hitting $11.29. The company's stock had a trading volume of 349,180 shares, compared to its average volume of 1,080,853. The company has a quick ratio of 1.10, a current ratio of 2.26 and a debt-to-equity ratio of 11.90. The stock has a market capitalization of $849.26 million, a price-to-earnings ratio of -5.20 and a beta of 1.27. The firm's 50 day moving average price is $10.70 and its two-hundred day moving average price is $9.75. Compass Diversified Holdings has a 12 month low of $4.58 and a 12 month high of $13.25.

Compass Diversified (NYSE:CODI - Get Free Report) last announced its earnings results on Monday, August 10th. The financial services provider reported ($0.09) EPS for the quarter. Compass Diversified had a negative return on equity of 10.36% and a negative net margin of 5.38%.The business had revenue of $424.04 million for the quarter. Sell-side analysts forecast that Compass Diversified Holdings will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Compass Diversified

Several institutional investors have recently modified their holdings of CODI. Essential Partners LLC lifted its holdings in Compass Diversified by 9,263.2% in the first quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider's stock valued at $42,000 after buying an additional 5,280 shares during the period. RPO LLC bought a new stake in shares of Compass Diversified during the 4th quarter valued at $60,000. Geneos Wealth Management Inc. lifted its stake in shares of Compass Diversified by 68.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 4,000 shares during the period. Focus Partners Wealth acquired a new position in shares of Compass Diversified in the 3rd quarter valued at $70,000. Finally, Quantessence Capital LLC bought a new position in shares of Compass Diversified in the 3rd quarter worth $70,000. Institutional investors and hedge funds own 72.73% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CODI. Wall Street Zen lowered shares of Compass Diversified from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Weiss Ratings reissued a "sell (d-)" rating on shares of Compass Diversified in a report on Friday, July 17th. UBS Group set a $18.00 price objective on shares of Compass Diversified in a research report on Tuesday, August 11th. TD Cowen lifted their target price on Compass Diversified from $12.50 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. Finally, B. Riley Financial upgraded Compass Diversified from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $11.00 to $15.00 in a research report on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $16.50.

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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