CenterBook Partners LP Makes New $6.60 Million Investment in Compass Diversified Holdings $CODI

CenterBook Partners LP acquired a new position in Compass Diversified Holdings (NYSE:CODI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,374,382 shares of the financial services provider’s stock, valued at approximately $6,597,000. CenterBook Partners LP owned approximately 1.83% of Compass Diversified as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its position in 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 worth $62,000 after purchasing an additional 4,000 shares in the last quarter. Focus Partners Wealth purchased a new position in Compass Diversified in the third quarter valued at about $70,000. Quantessence Capital LLC purchased a new position in Compass Diversified in the third quarter valued at about $70,000. Diversify Wealth Management LLC purchased a new position in Compass Diversified in the second quarter valued at about $81,000. Finally, CIBC Bancorp USA Inc. purchased a new position in Compass Diversified in the third quarter valued at about $81,000. 72.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Compass Diversified

In related news, insider Stephen Keller purchased 30,000 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were purchased at an average price of $8.61 per share, with a total value of $258,300.00. Following the acquisition, the insider directly owned 20,000 shares of the company’s stock, valued at approximately $172,200. This represents a -300.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by insiders.

Compass Diversified Stock Performance

Compass Diversified stock opened at $10.69 on Monday. The firm’s 50 day simple moving average is $10.75 and its 200 day simple moving average is $7.73. The company has a current ratio of 2.67, a quick ratio of 1.56 and a debt-to-equity ratio of 34.60. The firm has a market capitalization of $804.05 million, a PE ratio of -2.73 and a beta of 1.26. Compass Diversified Holdings has a 1-year low of $4.58 and a 1-year high of $12.64.

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.