Compass Diversified Holdings (NYSE:CODI) Receives Average Recommendation of “Hold” from Brokerages

Shares of Compass Diversified Holdings (NYSE:CODI) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.75.

CODI has been the subject of a number of research analyst reports. Wall Street Zen upgraded Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Raymond James Financial initiated coverage on Compass Diversified in a research note on Wednesday, March 11th. They issued a “hold” rating for the company. Zacks Research upgraded Compass Diversified from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Weiss Ratings raised Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. Finally, Compass Point set a $15.00 price objective on Compass Diversified in a research report on Tuesday, January 27th.

Insiders Place Their Bets

In related news, insider Stephen Keller acquired 30,000 shares of Compass Diversified stock in a transaction that occurred on Monday, April 6th. The stock was bought at an average price of $8.61 per share, with a total value of $258,300.00. Following the transaction, the insider directly owned 20,000 shares in the company, valued at approximately $172,200. This represents a -300.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its position in Compass Diversified by 0.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 133,659 shares of the financial services provider’s stock valued at $1,051,000 after buying an additional 1,128 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Compass Diversified by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock valued at $740,000 after buying an additional 1,728 shares in the last quarter. Rhumbline Advisers increased its position in Compass Diversified by 2.0% during the 3rd quarter. Rhumbline Advisers now owns 95,717 shares of the financial services provider’s stock valued at $634,000 after buying an additional 1,874 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Compass Diversified by 8.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 23,423 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,896 shares in the last quarter. Finally, Sei Investments Co. increased its position in Compass Diversified by 1.8% during the 3rd quarter. Sei Investments Co. now owns 115,570 shares of the financial services provider’s stock valued at $765,000 after buying an additional 2,022 shares in the last quarter. Institutional investors own 72.73% of the company’s stock.

Compass Diversified Trading Down 1.0%

CODI opened at $11.94 on Friday. The stock has a market cap of $898.67 million, a PE ratio of -3.05 and a beta of 1.29. The company has a quick ratio of 1.56, a current ratio of 2.67 and a debt-to-equity ratio of 34.60. The business has a 50 day moving average of $9.20 and a 200-day moving average of $7.17. Compass Diversified has a 52 week low of $4.58 and a 52 week high of $12.64.

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.