Compass Diversified Holdings (NYSE:CODI) Short Interest Update

Share on StockTwits

Compass Diversified Holdings (NYSE:CODI) was the target of a significant drop in short interest in August. As of August 15th, there was short interest totalling 203,000 shares, a drop of 22.5% from the July 15th total of 261,900 shares. Based on an average daily trading volume, of 270,300 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the company’s stock are sold short.

In other Compass Diversified news, insider Gordon M. Burns sold 48,300 shares of Compass Diversified stock in a transaction on Friday, August 9th. The shares were sold at an average price of $19.21, for a total value of $927,843.00. Following the completion of the transaction, the insider now owns 56,090 shares of the company’s stock, valued at $1,077,488.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ryan J. Faulkingham acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average cost of $18.44 per share, with a total value of $55,320.00. Following the acquisition, the insider now owns 9,900 shares of the company’s stock, valued at $182,556. The disclosure for this purchase can be found here. Insiders have bought 39,667 shares of company stock valued at $747,776 in the last three months. Corporate insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in Compass Diversified by 22.5% in the fourth quarter. Millennium Management LLC now owns 18,263 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 3,354 shares during the period. Wedbush Securities Inc. acquired a new position in Compass Diversified in the first quarter worth $159,000. Janney Montgomery Scott LLC boosted its holdings in Compass Diversified by 25.8% in the first quarter. Janney Montgomery Scott LLC now owns 206,308 shares of the financial services provider’s stock worth $3,237,000 after purchasing an additional 42,299 shares during the period. Alps Advisors Inc. acquired a new position in Compass Diversified in the first quarter worth $2,733,000. Finally, Kornitzer Capital Management Inc. KS boosted its holdings in Compass Diversified by 12.7% in the first quarter. Kornitzer Capital Management Inc. KS now owns 106,300 shares of the financial services provider’s stock worth $1,668,000 after purchasing an additional 12,000 shares during the period. 31.63% of the stock is owned by institutional investors.

Shares of CODI traded down $0.28 during midday trading on Tuesday, hitting $18.44. 93,725 shares of the stock traded hands, compared to its average volume of 211,019. Compass Diversified has a 1-year low of $11.60 and a 1-year high of $20.09. The firm has a market capitalization of $1.11 billion, a PE ratio of 12.81 and a beta of 1.13. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.47 and a current ratio of 4.97. The business’s 50 day moving average price is $19.10 and its two-hundred day moving average price is $17.35.

A number of research firms have commented on CODI. Raymond James downgraded shares of Compass Diversified from an “outperform” rating to a “market perform” rating in a report on Thursday, August 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Compass Diversified from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. TheStreet raised shares of Compass Diversified from a “c+” rating to a “b-” rating in a report on Thursday, August 8th. Finally, Roth Capital began coverage on shares of Compass Diversified in a report on Monday, July 29th. They set a “buy” rating and a $21.50 price target for the company.

Compass Diversified Company Profile

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

See Also: What are the risks of holding treasury bonds?

Receive News & Ratings for Compass Diversified Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Diversified and related companies with MarketBeat.com's FREE daily email newsletter.