Compass Diversified Holdings (NYSE:CODI) Stock Has Average Price Target of $16.50 According to Brokerages

Compass Diversified Holdings (NYSE:CODI) has been given an average rating of “Hold” by the six brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.50.

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. TD Cowen increased their price target on Compass Diversified from $12.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. B. Riley Financial upgraded Compass Diversified from a “neutral” rating to a “buy” rating and boosted their price objective for the stock 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Compass Diversified in a research note on Friday, July 17th.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified news, insider Larry L. Enterline purchased 67,114 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of $12.42 per share, with a total value of $833,555.88. Following the completion of the purchase, the insider owned 100,000 shares of the company’s stock, valued at approximately $1,242,000. The trade was a 204.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Zachary T. Sawtelle purchased 7,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of $12.45 per share, for a total transaction of $87,150.00. Following the acquisition, the insider owned 63,588 shares of the company’s stock, valued at $791,670.60. This trade represents a 12.37% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 140,995 shares of company stock worth $1,715,498 over the last quarter. Insiders own 1.60% of the company’s stock.

Institutional Trading of Compass Diversified

Institutional investors and hedge funds have recently bought and sold shares of the stock. Essential Partners LLC lifted its holdings in Compass Diversified by 9,263.2% during the 1st quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider’s stock worth $42,000 after buying an additional 5,280 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Compass Diversified in the second quarter valued at about $48,000. Alpine Global Management LLC acquired a new stake in shares of Compass Diversified in the fourth quarter valued at about $177,000. Empowered Funds LLC bought a new position in shares of Compass Diversified during the first quarter worth about $222,000. Finally, ARS Investment Partners LLC raised its position in shares of Compass Diversified by 257.6% during the first quarter. ARS Investment Partners LLC now owns 53,256 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 38,364 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Stock Down 0.9%

CODI stock opened at $11.25 on Friday. The stock has a market capitalization of $846.60 million, a P/E ratio of -5.19 and a beta of 1.26. The company has a current ratio of 2.26, a quick ratio of 1.10 and a debt-to-equity ratio of 11.90. Compass Diversified has a 12 month low of $4.58 and a 12 month high of $13.25. The firm has a 50-day moving average price of $11.15 and a 200-day moving average price of $10.37.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings results on Monday, August 10th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter. The company 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%. As a group, equities research analysts anticipate that Compass Diversified will post 0.11 EPS for the current fiscal year.

About Compass Diversified

Compass Diversified (NYSE: CODI) is a holding company that acquires and manages controlling interests in established middle-market businesses. The company provides its subsidiaries with capital, strategic guidance, and operational support while allowing them to maintain their own brands and management teams. Its investment approach is focused on building a diversified portfolio of businesses with opportunities for long-term growth.

Compass Diversified’s portfolio has included companies serving consumer and industrial markets.