Compass Diversified Holdings (CODI) Raised to “Hold” at BidaskClub
BidaskClub upgraded shares of Compass Diversified Holdings (NYSE:CODI) from a sell rating to a hold rating in a report published on Tuesday morning.
Other equities analysts have also recently issued reports about the company. TheStreet upgraded Compass Diversified Holdings from a c+ rating to a b rating in a report on Friday, July 7th. Jefferies Group LLC reiterated a buy rating and issued a $20.00 price objective on shares of Compass Diversified Holdings in a report on Friday, July 14th. Zacks Investment Research upgraded Compass Diversified Holdings from a strong sell rating to a hold rating in a report on Monday, August 7th. Finally, ValuEngine cut Compass Diversified Holdings from a hold rating to a sell rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $19.50.
Shares of Compass Diversified Holdings (CODI) opened at 18.15 on Tuesday. The firm’s market capitalization is $1.09 billion. Compass Diversified Holdings has a 52 week low of $15.90 and a 52 week high of $19.50. The stock’s 50 day moving average price is $17.26 and its 200-day moving average price is $16.96.
Compass Diversified Holdings (NYSE:CODI) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.90). Compass Diversified Holdings had a return on equity of 6.42% and a net margin of 2.20%. The firm had revenue of $307.38 million during the quarter, compared to analysts’ expectations of $302.86 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. Compass Diversified Holdings’s revenue for the quarter was up 43.5% compared to the same quarter last year. Equities analysts predict that Compass Diversified Holdings will post $1.60 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 19th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date is Wednesday, October 18th. Compass Diversified Holdings’s payout ratio is currently -276.92%.
Several institutional investors and hedge funds have recently bought and sold shares of CODI. Royal Bank of Canada boosted its holdings in shares of Compass Diversified Holdings by 2.4% in the 2nd quarter. Royal Bank of Canada now owns 8,687,327 shares of the financial services provider’s stock worth $151,591,000 after purchasing an additional 205,723 shares in the last quarter. Alps Advisors Inc. purchased a new stake in Compass Diversified Holdings during the 2nd quarter valued at about $3,367,000. American Century Companies Inc. boosted its holdings in Compass Diversified Holdings by 8.4% during the 2nd quarter. American Century Companies Inc. now owns 2,200,591 shares of the financial services provider’s stock valued at $38,400,000 after acquiring an additional 170,788 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its holdings in Compass Diversified Holdings by 125.0% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 288,017 shares of the financial services provider’s stock valued at $4,781,000 after acquiring an additional 160,000 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in Compass Diversified Holdings by 96.7% during the 2nd quarter. GSA Capital Partners LLP now owns 164,090 shares of the financial services provider’s stock valued at $2,863,000 after acquiring an additional 80,663 shares during the period. Hedge funds and other institutional investors own 33.17% of the company’s stock.
Compass Diversified Holdings Company Profile
Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.
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