2,000 Shares in Compass Diversified Holdings (NYSE:CODI) Acquired by Bessemer Group Inc.

Bessemer Group Inc. acquired a new position in Compass Diversified Holdings (NYSE:CODI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,000 shares of the financial services provider’s stock, valued at approximately $37,000.

Other hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in Compass Diversified by 10.8% in the fourth quarter. Northern Trust Corp now owns 507,660 shares of the financial services provider’s stock worth $11,717,000 after acquiring an additional 49,403 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Compass Diversified by 1.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,103,405 shares of the financial services provider’s stock worth $25,467,000 after purchasing an additional 18,210 shares in the last quarter. Bank of America Corp DE lifted its stake in Compass Diversified by 14.9% during the fourth quarter. Bank of America Corp DE now owns 1,203,606 shares of the financial services provider’s stock worth $27,779,000 after purchasing an additional 156,074 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new position in Compass Diversified during the fourth quarter worth $1,140,000. Finally, Aptus Capital Advisors LLC lifted its stake in Compass Diversified by 22.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 329,462 shares of the financial services provider’s stock worth $7,604,000 after purchasing an additional 60,158 shares in the last quarter. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CODI. B. Riley cut Compass Diversified from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $30.00 to $18.00 in a research note on Thursday, May 8th. Jefferies Financial Group cut Compass Diversified to a “hold” rating in a research note on Friday, June 6th.

Compass Diversified Stock Up 2.2%

Shares of NYSE CODI opened at $6.63 on Friday. The stock has a market cap of $498.84 million, a P/E ratio of -5.18 and a beta of 1.02. The company has a current ratio of 4.07, a quick ratio of 1.57 and a debt-to-equity ratio of 1.54. Compass Diversified Holdings has a 12-month low of $6.00 and a 12-month high of $24.59. The business’s fifty day simple moving average is $8.49 and its 200-day simple moving average is $16.12.

About Compass Diversified

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, healthcare, safety & security, electronic components, food and foodservice.