Compass Diversified Hldgs 株価情報 (NYSE: CODI)

Compass Diversified Hldgs (NYSE:CODI) 株価情報

Compass Diversified Hldgs

Compass Diversified Holdings is a diversified business conglomerate based in the United States having two groups: branded consumer business and industrial business. Branded consumer businesses are characterized as those businesses that capitalize on a valuable brand name in their respective market sector. It includes 5.11, Ergobaby, Liberty Safe, and Velocity Outdoor. Industrial businesses are characterized as those businesses that focus on manufacturing and selling particular products and industrial services within a specific market sector. The company has operations in the United States, Canada, Europe, Asia Pacific, and other International areas.

D/B/A Compass Diversified Holdings Shares of Beneficial Interest

Compass Diversified Holdings

Compass Diversified Holdings 7.250% Series A Preferred Shares representing beneficial interest in Compass Diversified Holdings

Compass Diversified Holdings 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares representing beneficial interests in Compass Diversified Holdings

Compass Diversified Holdings 7.875% Series C Cumulative Preferred Shares

Codiak BioSciences Inc Ordinary Shares

WIIM

CODI

Compass Diversified Holdings shares are trading lower after the company announced it entered into a diversified forbearance agreement and cut its management fees and quarterly dividend. Additionally, the company received a NYSE late filing notice amid an investigation into financial irregularities for its subsidiary.

U.S. stock futures were lower this morning, with the Dow futures falling around 0.2% on Wednesday.
Shares of DHT Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHT#NYSE">DHT</a>) fell sharply in pre-market trading following <a href="https://www.benzinga.com/quote/DHT/earnings">downbeat quarterly sales</a>.
DHT Holdings reported quarterly earnings of 27 cents per share which beat the analyst consensus estimate of 23 cents per share. The company reported quarterly sales of $79.34 million which missed the analyst consensus estimate of $89.37 million.
DHT Holdings shares fell 3.2% to $11.39 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul class="wp-block-list">
<li>Compass Diversified (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>) shares dipped 13.5% to $6.50 in pre-market trading after the company announced it entered into a diversified forbearance agreement and cut its management fees and quarterly dividend. Additionally, the company received a NYSE late filing notice amid an investigation into financial irregularities for its subsidiary.</li>
<li>Okta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) fell 12.8% to $109.35 in pre-market trading following the company&#8217;s first-quarter earnings report. In its outlook, the company said it is now factoring in potential risks related to the uncertain economic environment for the remainder of FY26.</li>
<li>Galaxy Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXY#NASDAQ">GLXY</a>) shares tumbled 8.5% to $19.90 in pre-market trading after the company announced a public offering of 29 million shares of common stock.</li>
<li>GDS Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) shares declined 6.3% to $25.42 in pre-market trading after announcing the pricing of public offering of ADSs.</li>
<li>Sable Offshore Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOC#NYSE">SOC</a>) fell 5.8% to $31.02 in pre-market trading.</li>
<li>Cytek Biosciences, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTKB#NASDAQ">CTKB</a>) declined 4.7% to $2.45 in pre-market trading.</li>
<li>Evotec SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) fell 4.3% to $4.0900 in pre-market trading following a 10% decline on Tuesday.</li>
<li>Destiny Tech100 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NASDAQ">DXYZ</a>) fell 4.3% to $45.79 in pre-market trading.</li>
<li>IonQ, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NASDAQ">IONQ</a>) declined 3.7% to $46.25 in pre-market trading.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45616471/jim-cramer-says-rocket-is-a-very-fine-company-recommends-buying-this-health-care-stock"> </a>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45616471/jim-cramer-says-rocket-is-a-very-fine-company-recommends-buying-this-health-care-stock">Jim Cramer Says Rocket Is A &#8216;Very Fine&#8217; Company, Recommends Buying This Health Care Stock</a> </li>
</ul>
Photo via Shutterstock

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DHT Holdings Posts Weak Sales, Joins Compass Diversified, Okta And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Shares of Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) rose sharply in today's pre-market trading after the company posted better-than-expected first-quarter results and raised its FY2026 guidance <a href="https://www.benzinga.com/quote/box/analyst-ratings">after Tuesday's closing bell</a>.
The company reported quarterly earnings of 30 cents per share, which beat the Street estimate of 26 cents. Quarterly revenue came in at $276 million, which beat the consensus estimate of $274.8 million and is an increase over revenue of $264.66 million from the same period last year.
Box shares jumped 11.6% to $35.10 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>Safe &amp; Green Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) rose 205.5% to $1.69 in pre-market trading. On Tuesday, Safe and Green Holdings entered into agreement with Three Pines Leasing to supply modular units to a government agency.</li>
<li>Safe and Green Development Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGD#NASDAQ">SGD</a>) surged 56.8% to $1.38 in pre-market trading after falling 5% on Tuesday.</li>
<li>Brooge Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BROG#NASDAQ">BROG</a>) surged 50.2% to $4.79 in pre-market trading after the company entered into a $884 million conditional sale agreement with Gulf Navigation for 100% of BPGIC Group.</li>
<li>Powell Max Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMAX#NASDAQ">PMAX</a>) jumped 40.5% to $0.5410 in pre-market trading after falling 24% on Tuesday.</li>
<li>New Era Helium, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEHC#NASDAQ">NEHC</a>) shares jumped 23.3% to $0.7894 in pre-market trading.</li>
<li>LiveWire Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVWR#NYSE">LVWR</a>) climbed 23.1% to $3.15 in pre-market trading after jumping 153% on Tuesday.</li>
<li>Jeffs&#8217; Brands Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) gained 21% to $0.49 in pre-market trading after dipping 47% on Tuesday.</li>
<li>Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) rose 9.7% to $7.55 in pre-market trading. Joby Aviation announced the closing of $250 million investment. Toyota Motor also reported a 15.3% stake In Joby Aviation as of May 22.</li>
<li>SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) gained 5.7% to $3.87 in pre-market trading. On Tuesday, SEALSQ announced a partnership with SOLANA and an investment in Wecan Token.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>InflaRx N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFRX#NASDAQ">IFRX</a>) shares fell 49.5% to $0.92 in pre-market trading after the company halted Vilobelimab Phase 3 trial in pyoderma Gangrenosum after futility finding in interim analysis.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) fell 28.4% to $1.21 in pre-market trading after the company reported the launch of a proposed public offering.</li>
<li>E-Home Household Service Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) shares dipped 17.4% to $0.12 in pre-market trading after the company announced a share consolidation with the ratio set between 1-for-2 and 1-for-50.</li>
<li>Sonnet BioTherapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONN#NASDAQ">SONN</a>) fell 15.7% to $0.9941 in pre-market trading after jumping 5% on Tuesday.</li>
<li>Imunon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMNN#NASDAQ">IMNN</a>) shares tumbled 15.4% to $1.92 in pre-market trading. Imunon shares jumped 96% on Tuesday after the company announced it will present IMNN-001 data based on its immune biomarker analysis from its Phase 2 OVATION 2 study at ESMO Gynaecological Cancers Congress 2025</li>
<li>Compass Diversified (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>) declined 13.5% to $6.50 in pre-market trading after the company announced it entered into a diversified forbearance agreement and cut its management fees and quarterly dividend. Additionally, the company received a NYSE late filing notice amid an investigation into financial irregularities for its subsidiary.</li>
<li>Okta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) dipped 12.8% to $109.35 in pre-market trading following the company&#8217;s first-quarter earnings report. In its outlook, the company said it is now factoring in potential risks related to the uncertain economic environment for the remainder of FY26.</li>
<li>SCWorx Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WORX#NASDAQ">WORX</a>) fell 12.7% to $0.5928 in today's pre-market trading after jumping 69% on Tuesday.</li>
<li>Galaxy Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXY#NASDAQ">GLXY</a>) shares fell 8.5% to $19.90 in pre-market trading after the company announced a public offering of 29 million shares of common stock.</li>
<li>GDS Holdings Limited  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) fell 6.3% to $25.42 in pre-market trading after announcing the pricing of public offering of ADSs.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45616471/jim-cramer-says-rocket-is-a-very-fine-company-recommends-buying-this-health-care-stock"> </a>
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45616471/jim-cramer-says-rocket-is-a-very-fine-company-recommends-buying-this-health-care-stock">Jim Cramer Says Rocket Is A &#8216;Very Fine&#8217; Company, Recommends Buying This Health Care Stock</a> </li>
</ul>
Photo via Shutterstock

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Why Box Shares Are Trading Higher By 12%; Here Are 20 Stocks Moving Premarket

Entered into Forbearance Agreement with Lender Group
Reduced Management Fees
Suspended Quarterly Distribution on Common Shares
Received Notice of Late Filing from NYSE
WESTPORT, Conn., May 27, 2025 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>) ("CODI") today provided an update on steps it is taking to enhance liquidity and reduce costs in the wake of its announcement that it is investigating, and has preliminarily identified irregularities in, the financing, accounting, and inventory practices at its subsidiary, Lugano Holding, Inc. ("Lugano").
CODI has taken the following actions:
<ul>
<li>Entered into a forbearance agreement with its lender group to preserve sufficient liquidity to maintain normal operations.</li>
<li>Significantly reduced management fees paid by CODI.</li>
<li>Restricted investment in Lugano, focusing resources on CODI's eight other market leading subsidiaries.</li>
<li>Suspended the quarterly cash distribution historically paid to common shareholders in order to preserve cash and protect long-term value.</li>
</ul>

Dividends

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Management

Compass Diversified Enters Forbearance Agreement, Cuts Management Fees, Suspends Quarterly Dividend, And Receives NYSE Late Filing Notice Amid Investigation Into Financial Irregularities At Subsidiary Lugano Holding

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">EZCORP Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZPW#NASDAQ">EZPW</a>)</h3>
<ul class="wp-block-list">
<li>On April 28, EZCORP posted downbeat quarterly sales. Lachie Given, Chief Executive Officer, said, &#8220;Our team delivered another impressive quarter of operational and financial performance, highlighted by record Q2 PLO, which drove strong growth in revenue and pawn service charges. Persistent inflation and economic pressure continue to impact value-conscious consumers who are increasingly turning to us for short-term cash and secondhand goods. Our strengthened operating model and best-in-class customer service also fueled the bottom line, driving a material increase in adjusted EBITDA to $45.1 million, up 23%.&#8221; The company's stock fell around 18% over the past month and has a 52-week low of $9.66.</li>
<li>RSI Value: 26.8</li>
<li>EZPW Price Action: Shares of EZCORP fell 2.2% to close at $13.14 on Thursday.</li>
<li>Edge Stock Ratings: 87.01 Momentum score with Value at 85.88. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/quote/EZPW"><img loading="lazy" decoding="async" width="497" height="197" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23041358/image-299.png" alt="" class="wp-image-925549" style="width:389px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23041358/image-299.png 497w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23041358/image-299-300x119.png 300w" sizes="(max-width: 497px) 100vw, 497px" /></a></figure>
<h3 class="wp-block-heading">Compass Diversified Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>)&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul class="wp-block-list">
<li>On April 1, Compass Diversified reported the appointment of Matthew Blake as CEO of Arnold Magnetics. &#8220;On behalf of Compass and Arnold, I want to extend our sincere gratitude to Dan for his dedication and service in building Arnold into the industry leader it is today,&#8221; said Elias Sabo, CEO of CODI. &#8220;Under his leadership, Arnold has strengthened its position as a leading solutions provider, successfully navigated the COVID-19 pandemic and oversaw the company&#8217;s recent plant relocation. We wish him all the best. I also want to welcome Matt to both Arnold and Compass Diversified. With leadership experience spanning multiple facets of industrial manufacturing, I believe he is the ideal choice to lead Arnold in its next phase of growth.&#8221; The company's stock fell around 56% over the past month and<a href="https://www.benzinga.com/quote/CODI"> has a 52-week low</a> of $6.05.</li>
<li>RSI Value: 22.4</li>
<li>CODI Price Action: Shares of Compass Diversified gained 1.5% to close at $7.36 on Thursday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0523">CODI stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0523"><img loading="lazy" decoding="async" width="931" height="841" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23041508/image-300.png" alt="" class="wp-image-925550" style="width:617px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23041508/image-300.png 931w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23041508/image-300-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23041508/image-300-768x694.png 768w" sizes="(max-width: 931px) 100vw, 931px" /></a></figure>
<h3 class="wp-block-heading">Top KingWin Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAI#NASDAQ">WAI</a>)</h3>
<ul class="wp-block-list">
<li>On May 1, Top KingWin announced a 1-for-25 reverse share split. The company's stock fell around 54% over the past month and has a 52-week<a href="https://www.benzinga.com/quote/WAI"> low of $1.75</a>.</li>
<li>RSI Value: 28.3</li>
<li>WAI Ltd Price Action: Shares of Top KingWin fell 5.8% to close at $1.80 on Thursday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0523">WAI shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0523"><img loading="lazy" decoding="async" width="867" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23041608/image-301.png" alt="" class="wp-image-925551" style="width:604px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23041608/image-301.png 867w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23041608/image-301-300x286.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/23041608/image-301-768x733.png 768w" sizes="(max-width: 867px) 100vw, 867px" /></a></figure>
Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and s<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">ee how they compare.</a> 
Read This Next: 
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<li><a href="https://www.benzinga.com/25/05/45562909/top-2-financial-stocks-that-may-keep-you-up-at-night-in-may">Top 2 Financial Stocks That May Keep You Up At Night In May</a> </li>
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Photo via Shutterstock

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Top 3 Financial Stocks That May Rocket Higher This Month

B. Riley Securities analyst Matt Howlett downgrades Compass Diversified Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>) from Buy to Neutral and lowers the price target from $30 to $18.

Downgrades

Price Target

Analyst Ratings

B. Riley Securities Downgrades Compass Diversified Hldgs to Neutral, Lowers Price Target to $18

U.S. stocks traded higher this morning, with the Dow Jones index gaining over 200 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.57% to 41,349.21 while the NASDAQ gained 0.84% to 17,886.92. The S&amp;P 500 also rose, gaining, 0.62% to 5,666.44.
Check This Out: <a href="https://www.benzinga.com/25/05/45283111/uber-to-rally-around-20-here-are-10-top-analyst-forecasts-for-thursday">Uber To Rally Around 20%? Here Are 10 Top Analyst Forecasts For Thursday</a>
Leading and Lagging Sectors Energy shares rose by 1.3% on Thursday.
In trading on Thursday, health care stocks fell by 0.9%.
Top Headline
U.S. initial jobless claims declined by 13,000 to 228,000 in the week ending May 3, compared to market estimates of 230,000
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Jianzhi Education Technology Group Company Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZ#NASDAQ">JZ</a>) shares shot up 47% to $1.10.</li>
<li>Shares of Asset Entities Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) got a boost, surging 83% to $6.21. Asset Entities shares jumped 450% on Wednesday after the company announced it entered into a merger agreement with Strive Asset Management to be the first publicly traded asset management bitcoin treasury company.</li>
<li>Solidion Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) shares were also up, gaining 57% to $0.1473 after the company presented its patented technology for transforming lithium-ion facilities into battery producers.</li>
</ul>
Equities Trading DOWN
<ul>
<li>NuCana plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNA#NASDAQ">NCNA</a>) shares dropped 65% to $0.1058 after dipping 25% on Wednesday. NuCana recently announced a registered direct offering with approximately $7 million gross proceeds.</li>
<li>Shares of Vor Biopharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VOR#NASDAQ">VOR</a>) were down 60% to $0.2126 after the company announced exploration of strategic alternatives to maximize shareholder value.</li>
<li>Compass Diversified (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>) was down, falling 58% to $7.18. Compass Diversified disclosed non-reliance on financial statements for fiscal 2024 amid an ongoing internal investigation into its subsidiary, Lugano Holding, Inc.</li>
</ul>
Commodities In commodity news, oil traded up 1.7% to $59.08 while gold traded down 0.8% at $3,365.60.
Silver traded down 0.3% to $32.685 on Thursday, while copper fell 1.2% to $4.6035.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.6%, while Spain's IBEX 35 Index rose 0.1%. London's FTSE 100 slipped 0.1%, Germany's DAX 40 rose 0.8% and France's CAC 40 gained 0.8% during the session.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan's Nikkei gaining 0.41%, Hong Kong's Hang Seng Index gaining 0.37%, China's Shanghai Composite Index rising 0.28% and India's BSE Sensex falling 0.51%.
Economics
<ul>
<li>U.S. initial jobless claims declined by 13,000 to 228,000 in the week ending May 3, compared to market estimates of 230,000.</li>
<li>U.S. labor productivity in the nonfarm business sector declined by 0.8% during the first quarter compared to estimates of a 0.7% drop.</li>
<li>U.S. unit labor costs increased by 5.7% in the first quarter of compared to market estimates of a 5.1% gain.</li>
</ul>
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Photo via Shutterstock

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Dow Jumps Over 200 Points; US Initial Jobless Claims Fall

Compass Diversified (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>) ("CODI") today disclosed non-reliance on its financial statements for fiscal 2024 amid an ongoing internal investigation into its subsidiary, Lugano Holding, Inc. It also announced that it intends to delay the filing of its first quarter 2025 Form 10-Q.
The Audit Committee of CODI's Board of Directors promptly launched an investigation after CODI's senior leadership was made aware of concerns about how Lugano was potentially financing inventory. The investigation, led by outside counsel and a forensic accounting firm, is ongoing but has preliminarily identified irregularities in Lugano's non-CODI financing, accounting, and inventory practices. After discussing with senior leadership and investigators, the Audit Committee of CODI's Board has concluded that the previously issued financial statements for 2024 require restatement and should no longer be relied upon.
Effective May 7, 2025, Lugano's founder and CEO, Moti Ferder, resigned from all of his positions at Lugano and will not receive any severance compensation. These issues are limited to Lugano, of which CODI owns approximately 60%, and the investigation is not focused on CODI's other subsidiaries.&nbsp;&nbsp;

Compass Diversified Announces 2024 Financial Restatement And Q1 2025 Filing Delay Amid Ongoing Internal Investigation Into Irregular Financing And Accounting Practices At Subsidiary Lugano Holding, Leading To CEO Moti Ferder's Resignation

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Shares of broader financial companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Compass Diversified Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.56 by 10.71 percent. This is a 16.98 percent increase over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $620.25 million which missed the analyst consensus estimate of $624.64 million by 0.70 percent. This is a 13.83 percent increase over sales of $544.91 million the same period last year.

Earnings Beats

Earnings Misses

Compass Diversified Hldgs Q4 Adj EPS $0.62 Beats $0.56 Estimate, Sales $620.25M Miss $624.64M Estimate

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Embraer-Empresa Brasileira De Aeronautica

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Earnings Scheduled For February 27, 2025

Compass Diversified Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>), an owner of leading middle market businesses (the "Company" or "CODI"), announced today that on January 15, 2025, it entered into a Seventh Amended and Restated Management Services Agreement with Compass Group Management LLC, the Company's Manager (the "Amendment"). The Amendment, commencing in the first quarter beginning on January 1, 2025, restructures the management fee under the existing Management Services Agreement to consist of a base management fee and an incentive management fee. Pursuant to the Amendment, the base management fee will be (i) 2.0% of the Company's adjusted net assets when the adjusted net assets are less than or equal to $3.5 billion (the "Initial Threshold Fee"), (ii) the Initial Threshold Fee, plus 1.25% of the amount of adjusted net assets exceeding $3.5 billion when the adjusted net assets are more than $3.5 billion but less than $10 billion, or (iii) 1.5% of the Company's adjusted net assets when the adjusted net assets are $10 billion or more.
The incentive management fee will be 0.25% of the amount of adjusted net assets exceeding $3.5 billion, when the adjusted net assets are more than $3.5 billion but less than $10 billion. The incentive management fee is only earned if the Company's annualized internal rate of return on equity for the trailing three years exceeds 12%. Such incentive management fee is also subject to approval by the Compensation Committee of the Company's Board of Directors.

Compass Diversified Enters Seventh Amended Management Services Agreement, Restructures Fees Effective Q1 2025; Base Fee 2% Up To $3.5B, 1.25% Over $3.5B to $10B, 1.5% Over $10B; Incentive Fee 0.25% Over $3.5B To $10B Subject To 12% Return Approval

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Baird analyst Michael Bellisario initiated coverage on Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) with an Outperform rating and announced a price target of $225. Expedia shares closed at $186.28 on Tuesday. <a href="https://www.benzinga.com/quote/EXPE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen analyst Lance Vitanza initiated coverage on Compass Diversified (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>) with a Buy rating and announced a price target of $34. Compass Diversified shares closed at $23.55 on Tuesday. <a href="https://www.benzinga.com/quote/CODI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stephens &amp; Co. analyst Andrew Terrell initiated coverage on Bank of Hawaii Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOH#NYSE">BOH</a>) with an Overweight rating and announced a price target of $90. Bank of Hawaii shares closed at $79.81 on Tuesday. <a href="https://www.benzinga.com/quote/BOH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird analyst Michael Bellisario initiated coverage on Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) with an Outperform rating and announced a price target of $5,850. Booking shares closed at $5,214.72 on Tuesday. <a href="https://www.benzinga.com/quote/BKNG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stephens &amp; Co. analyst Andrew Terrell initiates coverage on Plumas Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLBC#NASDAQ">PLBC</a>) with an Overweight rating and announced a price target of $60. Plumas shares closed at $48.00 on Tuesday. <a href="https://www.benzinga.com/quote/PLBC/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying EXPE stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="478" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27081550/image-295-1024x478.png" alt="" class="wp-image-667316" style="width:683px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27081550/image-295-1024x478.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27081550/image-295-300x140.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27081550/image-295-768x359.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27081550/image-295.png 1178w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Initiation

BKNG

EXPE

PLBC

This Expedia Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

TD Cowen analyst Lance Vitanza initiates coverage on Compass Diversified Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>) with a Buy rating and announces Price Target of $34.

TD Cowen Initiates Coverage On Compass Diversified Hldgs with Buy Rating, Announces Price Target of $34

Compass Diversified Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>) reported quarterly earnings of $0.64 per share which beat the analyst consensus estimate of $0.54 by 18.52 percent. The company reported quarterly sales of $582.623 million which missed the analyst consensus estimate of $586.410 million by 0.65 percent. This is a 2.29 percent increase over sales of $569.565 million the same period last year.

Compass Diversified Hldgs Q3 2024 Adj. EPS $0.64 Beats $0.54 Estimate, Sales $582.623M Miss $586.410M Estimate

Buybacks

Compass Diversified Announces $100M Share Repurchase Program

Offerings

Compass Diversified May Offer, Sell Common Shares Of Up To $500M From Time To Time

Compass Diversified (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>) ("CODI" or the "Company"), an owner of leading middle market businesses, announced today that Stephen Keller has been appointed as the Company's Chief Financial Officer (CFO), effective August 31, 2024. He will be replacing Ryan Faulkingham, who has served as the Company's CFO since July 2013 and is departing the Company effective August 30, 2024. Mr. Faulkingham will continue to serve in an advisory capacity in order to facilitate a seamless transition. &nbsp;
In his new role, Mr. Keller will lead CODI's finance organization, including accounting, planning, treasury, tax, reporting, and investor relations. He brings to CODI over 25 years of executive finance experience across multiple industries, including automotive, healthcare, industrial, specialty materials, retail and apparel branding, and media.
Most recently, Mr. Keller served as Interim Chief Financial Officer and Vice President of Investor Relations at Envista Holdings Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVST#NYSE">NVST</a>), a $2.6 billion company and one of the leading suppliers of dental solutions globally. During his time at Envista, he also served as Vice President Strategy and Business Development, as well as Vice President and General Manager of Nobel Biocare's Prosthetics Business Unit.

NVST

Compass Diversified Tapped Of Envista Holdings As Finance Chief, Taking Over From Ryan Faulkingham, Effective August 31

Altor Solutions ("Altor"), a subsidiary of Compass Diversified (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CODI#NYSE">CODI</a>) and a leading designer and manufacturer of custom protective and cold-chain packaging solutions for the industrial and life sciences markets, today announced it has entered into a definitive agreement to acquire Lifoam Industries, LLC ("Lifoam"), a manufacturer and distributor of temperature-controlled shipping solutions, for an enterprise value of $137 million in cash at closing (excluding working capital and certain other adjustments). &nbsp;
Founded in 1954, Lifoam is a leading manufacturer of temperature-controlled packaging products such as thermal shippers and refrigerant gel packs for the healthcare, commercial and retail industries. Lifoam is a carve-out of the material sciences company Jadex Inc.

Compass Diversified's Altor Solutions Has Entered Into A Definitive Agreement To Acquire Lifoam Industries For An Enterprise Value Of $137M In Cash At Closing

Press Releases

CODI CLASS NOTICE: Compass Diversified Holdings Investors may have been Affected by Fraud – Contact BFA Law before July 8 Court Deadline (NYSE:CODI)

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Compass Diversified Holdings Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm- CODI

INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Compass Diversified Holdings of Class Action Lawsuit and Upcoming Deadlines - CODI

Compass Diversified Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights - CODI

CODI STOCK: Suffer Losses on Compass Diversified Holdings? BFA Law Notifies Investors of Imminent July 8 Securities Class Action Deadline (NYSE:CODI)

Small Cap

CODI Investors Have Opportunity to Lead Compass Diversified Securities Fraud Lawsuit with the Schall Law Firm

CODI INVESTOR ALERT: Compass Diversified Holdings Investors with Substantial Losses Have Opportunity to Lead Shareholder Class Action Lawsuit

COMPASS DIVERSIFIED HOLDINGS (NYSE: CODI) INVESTOR ALERT: Berger Montague Advises Investors to Inquire About a Securities Fraud Class Action

SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Compass Diversified

Compass Diversified (CODI) Grapples with Financial Irregularities, Slashes Dividend Amid Investor Lawsuit – Hagens Berman

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