Quantbot Technologies LP Lowers Position in Compass Diversified Holdings $CODI

Quantbot Technologies LP decreased its stake in shares of Compass Diversified Holdings (NYSE:CODI) by 56.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,898 shares of the financial services provider’s stock after selling 101,176 shares during the period. Quantbot Technologies LP owned about 0.10% of Compass Diversified worth $522,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Qube Research & Technologies Ltd lifted its stake in Compass Diversified by 738.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 784,746 shares of the financial services provider’s stock valued at $4,928,000 after acquiring an additional 691,144 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Compass Diversified in the 2nd quarter worth $3,346,000. Canada Pension Plan Investment Board purchased a new stake in shares of Compass Diversified in the second quarter valued at about $2,017,000. JPMorgan Chase & Co. lifted its position in shares of Compass Diversified by 181.3% during the second quarter. JPMorgan Chase & Co. now owns 483,687 shares of the financial services provider’s stock valued at $3,038,000 after purchasing an additional 311,733 shares in the last quarter. Finally, Federated Hermes Inc. bought a new position in shares of Compass Diversified during the second quarter valued at about $1,883,000. Institutional investors own 72.73% of the company’s stock.

Wall Street Analysts Forecast Growth

CODI has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Compass Diversified in a research report on Friday, December 26th. Compass Point set a $15.00 target price on Compass Diversified in a research note on Tuesday, January 27th. CJS Securities raised Compass Diversified to an “outperform” rating in a report on Tuesday, January 27th. Zacks Research lowered Compass Diversified from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Finally, Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $11.50.

Compass Diversified Stock Down 7.9%

CODI stock opened at $6.33 on Monday. The stock has a fifty day moving average of $6.23 and a 200-day moving average of $6.49. Compass Diversified Holdings has a fifty-two week low of $4.58 and a fifty-two week high of $20.17. The company has a market capitalization of $476.27 million, a price-to-earnings ratio of -1.63 and a beta of 1.04. The company has a debt-to-equity ratio of 19.20, a quick ratio of 1.26 and a current ratio of 2.42.

Compass Diversified (NYSE:CODI) last issued its 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 positive return on equity of 24.48% and a negative net margin of 12.09%. As a group, equities research analysts predict that Compass Diversified Holdings will post 1.96 earnings per share for the current year.

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.