Insider Buying: Alan B. Offenberg Acquires 5,000 Shares of Compass Diversified Holdings Stock (CODI)
Compass Diversified Holdings (NASDAQ:CODI) Insider Alan B. Offenberg bought 5,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average price of $17.00 per share, for a total transaction of $85,000.00. Following the completion of the purchase, the insider now directly owns 120,285 shares of the company’s stock, valued at approximately $2,044,845. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Compass Diversified Holdings (NASDAQ:CODI) traded up 1.51% during mid-day trading on Wednesday, hitting $17.50. 63,354 shares of the company’s stock traded hands. Compass Diversified Holdings has a 52-week low of $16.00 and a 52-week high of $19.84. The stock’s 50-day moving average is $17.75 and its 200-day moving average is $18.37. The company has a market cap of $845.2 million and a P/E ratio of 15.76.
Compass Diversified Holdings (NASDAQ:CODI) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.26 by $0.18. The company had revenue of $246.05 million for the quarter, compared to the consensus estimate of $243.63 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that Compass Diversified Holdings will post $1.20 EPS for the current fiscal year.
CODI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Compass Diversified Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 13th. They now have a $17.40 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Compass Diversified Holdings from $18.75 to $19.75 in a research note on Wednesday, March 26th.
Compass Diversified Holdings (NASDAQ:CODI) acquires controlling interests in and actively manage businesses that it believe operate in industries with long-term macroeconomic growth opportunities, and that have positive and stable cash flows, face minimal threats of technological or competitive obsolescence and have management teams largely in place.
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