Compass Diversified Holdings (NYSE:CODI) Given Average Rating of “Hold” by Analysts

Compass Diversified Holdings (NYSE:CODI) has received an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $16.50.

Several equities analysts have issued reports on CODI shares. Wall Street Zen cut Compass Diversified from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. TD Cowen raised their price target on Compass Diversified from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. B. Riley Financial upgraded Compass Diversified from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.00 to $15.00 in a research note on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Diversified in a report on Friday, July 17th. Finally, UBS Group set a $18.00 price objective on Compass Diversified in a report on Tuesday, August 11th.

Compass Diversified Stock Up 0.4%

Shares of NYSE:CODI opened at $11.73 on Monday. Compass Diversified has a fifty-two week low of $4.58 and a fifty-two week high of $13.25. The company has a quick ratio of 1.10, a current ratio of 2.26 and a debt-to-equity ratio of 11.90. The firm’s 50-day simple moving average is $10.61 and its 200-day simple moving average is $9.64. The company has a market cap of $882.52 million, a price-to-earnings ratio of -5.41 and a beta of 1.27.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings results on Monday, August 10th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $424.04 million for the quarter. Compass Diversified had a negative return on equity of 10.36% and a negative net margin of 5.38%. As a group, equities research analysts predict that Compass Diversified will post 0.11 earnings per share for the current year.

Insider Activity at Compass Diversified

In related news, insider Larry L. Enterline bought 67,114 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of $12.42 per share, for a total transaction of $833,555.88. Following the transaction, the insider owned 100,000 shares of the company’s stock, valued at approximately $1,242,000. This trade represents a 204.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Teri Shaffer purchased 11,881 shares of the stock in a transaction dated Wednesday, August 12th. The shares were bought at an average cost of $12.25 per share, for a total transaction of $145,542.25. Following the completion of the purchase, the insider owned 13,201 shares in the company, valued at approximately $161,712.25. This trade represents a 900.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 120,995 shares of company stock valued at $1,486,098 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CODI. Essential Partners LLC increased its holdings in Compass Diversified by 9,263.2% in 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. Geneos Wealth Management Inc. lifted its stake in shares of Compass Diversified by 68.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 4,000 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Compass Diversified by 174.8% in the second quarter. California State Teachers Retirement System now owns 9,999 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 6,361 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Compass Diversified in the third quarter valued at approximately $70,000. Finally, Quantessence Capital LLC acquired a new position in shares of Compass Diversified during the third quarter valued at approximately $70,000. 72.73% of the stock is currently owned by institutional investors and hedge funds.

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.