Royal Bank of Canada Sells 118,707 Shares of Compass Diversified Holdings $CODI

Royal Bank of Canada lowered its position in Compass Diversified Holdings (NYSE:CODI) by 80.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,698 shares of the financial services provider’s stock after selling 118,707 shares during the period. Royal Bank of Canada’s holdings in Compass Diversified were worth $226,000 at the end of the most recent reporting period.

Several other hedge funds and 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 bought a new position in shares of Compass Diversified during the 3rd quarter worth approximately $70,000. Quantessence Capital LLC purchased a new position in shares of Compass Diversified in the 3rd quarter worth approximately $70,000. Diversify Wealth Management LLC purchased a new position in shares of Compass Diversified in the 2nd quarter worth approximately $81,000. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Compass Diversified in the third quarter valued at approximately $81,000. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on CODI shares. B. Riley Financial raised Compass Diversified from a “neutral” rating to a “buy” rating and increased their price target for the company from $11.00 to $15.00 in a research report on Tuesday, August 11th. Wall Street Zen upgraded Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday. UBS Group set a $18.00 target price on Compass Diversified in a research report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Diversified in a research note on Friday, July 17th. Finally, TD Cowen boosted their price target on shares of Compass Diversified from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.50.

Compass Diversified Trading Up 2.0%

Shares of CODI stock opened at $11.48 on Friday. The company has a quick ratio of 1.10, a current ratio of 2.26 and a debt-to-equity ratio of 11.90. The firm has a market cap of $863.76 million, a P/E ratio of -5.29 and a beta of 1.27. The company has a 50 day moving average of $10.75 and a 200-day moving average of $9.79. Compass Diversified Holdings has a 12-month low of $4.58 and a 12-month high of $13.25.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.09) EPS for the quarter. Compass Diversified had a negative net margin of 5.38% and a negative return on equity of 10.36%. The firm had revenue of $424.04 million during the quarter. Sell-side analysts anticipate that Compass Diversified Holdings will post 0.11 earnings per share for the current year.

Insider Transactions at Compass Diversified

In other news, insider Zachary T. Sawtelle purchased 7,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $12.45 per share, with a total value of $87,150.00. Following the transaction, the insider directly owned 63,588 shares of the company’s stock, valued at approximately $791,670.60. This represents a 12.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Keller purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price of $12.01 per share, with a total value of $120,100.00. Following the purchase, the insider directly owned 51,840 shares in the company, valued at $622,598.40. This trade represents a 23.90% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 140,995 shares of company stock valued at $1,715,498. 1.60% of the stock is currently owned by insiders.

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.