North Star Investment Management Corp. Buys 61,000 Shares of Compass Diversified Holdings $CODI

North Star Investment Management Corp. lifted its stake in shares of Compass Diversified Holdings (NYSE:CODI) by 20,678.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,295 shares of the financial services provider’s stock after buying an additional 61,000 shares during the period. North Star Investment Management Corp.’s holdings in Compass Diversified were worth $482,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. RPO LLC bought a new stake in Compass Diversified during the 4th quarter worth $60,000. Geneos Wealth Management Inc. raised its position in Compass Diversified by 68.6% in the second 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 last quarter. Focus Partners Wealth acquired a new stake in shares of Compass Diversified during the third quarter valued at about $70,000. Quantessence Capital LLC acquired a new position in shares of Compass Diversified in the third quarter valued at approximately $70,000. Finally, Voleon Capital Management LP acquired a new position in shares of Compass Diversified in the second quarter valued at approximately $77,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

Insider Activity at Compass Diversified

In other news, insider Stephen Keller purchased 30,000 shares of Compass Diversified stock in a transaction dated Monday, April 6th. The stock was purchased at an average cost of $8.61 per share, for a total transaction of $258,300.00. Following the transaction, the insider directly owned 20,000 shares of the company’s stock, valued at approximately $172,200. This trade represents a -300.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

Compass Diversified Stock Up 4.6%

Shares of NYSE:CODI opened at $10.62 on Wednesday. The company has a market capitalization of $798.67 million, a price-to-earnings ratio of -2.71 and a beta of 1.26. The company has a debt-to-equity ratio of 34.60, a current ratio of 2.67 and a quick ratio of 1.56. The business’s 50-day moving average is $11.14 and its 200-day moving average is $8.19. Compass Diversified Holdings has a 1 year low of $4.58 and a 1 year high of $12.64.

Analyst Ratings Changes

CODI has been the topic of several recent research reports. Wall Street Zen upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research raised shares of Compass Diversified from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Raymond James Financial began coverage on shares of Compass Diversified in a report on Wednesday, March 11th. They set a “hold” rating on the stock. B. Riley Financial boosted their price objective on shares of Compass Diversified from $8.00 to $10.50 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings upgraded Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.75.

Compass Diversified 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.