Compass Diversified (NYSE:CODI) Shares Gap Up Following Insider Buying Activity

Shares of Compass Diversified Holdings (NYSE:CODI) gapped up before the market opened on Tuesday following insider buying activity. The stock had previously closed at $9.55, but opened at $9.90. Compass Diversified shares last traded at $9.6750, with a volume of 254,917 shares trading hands.

Specifically, insider Stephen Keller purchased 30,000 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were purchased at an average cost of $8.61 per share, for a total transaction of $258,300.00. Following the completion of the acquisition, the insider owned 20,000 shares in the company, valued at approximately $172,200. This trade represents a -300.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Analyst Ratings Changes

A number of research analysts have recently commented on CODI shares. Raymond James Financial started coverage on shares of Compass Diversified in a report on Wednesday, March 11th. They issued a “hold” rating on the stock. Wall Street Zen upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. B. Riley Financial cut their price target on shares of Compass Diversified from $13.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Compass Point set a $15.00 target price on shares of Compass Diversified in a report on Tuesday, January 27th. Finally, CJS Securities upgraded shares of Compass Diversified to an “outperform” rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.50.

Compass Diversified Trading Up 1.1%

The company has a debt-to-equity ratio of 19.20, a quick ratio of 1.26 and a current ratio of 2.42. The company’s fifty day simple moving average is $6.89 and its 200-day simple moving average is $6.42. The company has a market capitalization of $726.22 million, a P/E ratio of -2.48 and a beta of 1.00.

Compass Diversified (NYSE:CODI) last issued its earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($1.59). Research analysts predict that Compass Diversified Holdings will post 1.96 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CODI. RPO LLC bought a new position in Compass Diversified during the 4th quarter worth about $60,000. Geneos Wealth Management Inc. boosted its holdings 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 buying an additional 4,000 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Compass Diversified in the 3rd quarter valued at about $70,000. Quantessence Capital LLC bought a new stake in shares of Compass Diversified in the 3rd quarter valued at about $70,000. Finally, Voleon Capital Management LP bought a new stake in shares of Compass Diversified in the 2nd quarter valued at about $77,000. 72.73% of the stock is currently owned by institutional investors.

About Compass Diversified

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.