Compass Diversified (NYSE:CODI) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Compass Diversified (NYSE:CODI) from a sell rating to a hold rating in a research report released on Saturday morning.

CODI has been the subject of a number of other research reports. B. Riley Financial upgraded Compass Diversified from a “neutral” rating to a “buy” rating and increased their price objective for the company from $11.00 to $15.00 in a research report on Tuesday, August 11th. UBS Group set a $18.00 target price on Compass Diversified in a report on Tuesday, August 11th. TD Cowen boosted their target price on Compass Diversified from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Diversified in a report on Friday, July 17th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.50.

Compass Diversified Stock Performance

Shares of CODI opened at $11.48 on Friday. The company has a debt-to-equity ratio of 11.90, a current ratio of 2.26 and a quick ratio of 1.10. The firm’s 50 day moving average is $10.75 and its 200-day moving average is $9.79. Compass Diversified has a 12-month low of $4.58 and a 12-month high of $13.25. The stock has a market capitalization of $863.71 million, a P/E ratio of -5.29 and a beta of 1.27.

Compass Diversified (NYSE:CODI) last released its earnings results on Monday, August 10th. The financial services provider reported ($0.09) EPS for the quarter. The business had revenue of $424.04 million for the quarter. Compass Diversified had a negative net margin of 5.38% and a negative return on equity of 10.36%. Equities research analysts anticipate that Compass Diversified will post 0.11 EPS for the current fiscal year.

Insider Buying and Selling at Compass Diversified

In other news, insider Eugene L. Kim purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average price of $11.47 per share, for a total transaction of $229,400.00. Following the completion of the acquisition, the insider directly owned 20,000 shares of the company’s stock, valued at $229,400. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Zachary T. Sawtelle purchased 7,000 shares of Compass Diversified stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $12.45 per share, with a total value of $87,150.00. Following the transaction, the insider owned 63,588 shares in the company, valued at $791,670.60. This represents a 12.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 140,995 shares of company stock valued at $1,715,498 over the last three months. 1.60% of the stock is owned by insiders.

Institutional Trading of Compass Diversified

Hedge funds have recently modified their holdings of the business. Essential Partners LLC grew its holdings in shares of Compass Diversified by 9,263.2% during the first quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider’s stock valued at $42,000 after buying an additional 5,280 shares in the last quarter. RPO LLC acquired a new stake in Compass Diversified during the 4th quarter worth about $60,000. Geneos Wealth Management Inc. grew its stake in Compass Diversified by 68.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 4,000 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of Compass Diversified in the 3rd quarter valued at about $70,000. Finally, Quantessence Capital LLC purchased a new stake in shares of Compass Diversified in the third quarter worth approximately $70,000. Hedge funds and other institutional investors own 72.73% of the company’s stock.

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.