Mangrove Partners IM LLC Has $24.39 Million Stake in Compass Diversified Holdings $CODI

Mangrove Partners IM LLC lifted its stake in Compass Diversified Holdings (NYSE:CODI) by 48.7% in the third quarter, Holdings Channel.com reports. The firm owned 3,684,800 shares of the financial services provider’s stock after acquiring an additional 1,206,524 shares during the quarter. Compass Diversified comprises 2.0% of Mangrove Partners IM LLC’s portfolio, making the stock its 21st largest holding. Mangrove Partners IM LLC’s holdings in Compass Diversified were worth $24,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in CODI. Qube Research & Technologies Ltd grew its position in Compass Diversified by 738.4% during the second quarter. Qube Research & Technologies Ltd now owns 784,746 shares of the financial services provider’s stock valued at $4,928,000 after purchasing an additional 691,144 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Compass Diversified in the 2nd quarter worth approximately $3,346,000. First Trust Advisors LP lifted its position in Compass Diversified by 1,535.1% in the 3rd quarter. First Trust Advisors LP now owns 439,421 shares of the financial services provider’s stock worth $2,909,000 after buying an additional 412,547 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Compass Diversified during the 2nd quarter valued at $2,017,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Compass Diversified by 181.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 483,687 shares of the financial services provider’s stock valued at $3,038,000 after buying an additional 311,733 shares during the period. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Stock Performance

CODI stock opened at $6.05 on Friday. The firm has a 50 day moving average of $6.37 and a two-hundred day moving average of $6.46. Compass Diversified Holdings has a 12 month low of $4.58 and a 12 month high of $20.07. The company has a market capitalization of $454.83 million, a price-to-earnings ratio of -1.56 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 2.42 and a debt-to-equity ratio of 19.20.

Compass Diversified (NYSE:CODI) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.59). Compass Diversified had a negative net margin of 12.09% and a positive return on equity of 24.48%. As a group, equities analysts anticipate that Compass Diversified Holdings will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CODI has been the topic of a number of research reports. CJS Securities raised shares of Compass Diversified to an “outperform” rating in a research note on Tuesday, January 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Compass Diversified in a research report on Friday, December 26th. Raymond James Financial started coverage on Compass Diversified in a research report on Wednesday. They set a “hold” rating for the company. Compass Point set a $15.00 target price on Compass Diversified in a research report on Tuesday, January 27th. Finally, Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Compass Diversified has an average rating of “Reduce” and an average price target of $11.50.

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.