Compass Diversified (NYSE:CODI) Shares Up 9.8% – Here’s What Happened

Compass Diversified Holdings (NYSE:CODI) shares rose 9.8% during trading on Tuesday . The stock traded as high as $6.61 and last traded at $6.6950. Approximately 324,239 shares traded hands during trading, a decline of 75% from the average daily volume of 1,321,137 shares. The stock had previously closed at $6.10.

Analysts Set New Price Targets

CODI has been the topic of a number of research analyst reports. Raymond James Financial assumed coverage on Compass Diversified in a report on Wednesday, March 11th. They issued a “hold” rating on the stock. Compass Point set a $15.00 price objective on Compass Diversified in a research report on Tuesday, January 27th. Zacks Research raised Compass Diversified from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen upgraded Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, CJS Securities upgraded shares of Compass Diversified to an “outperform” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Compass Diversified has a consensus rating of “Hold” and an average price target of $11.50.

Compass Diversified Trading Up 8.8%

The company has a market cap of $499.19 million, a P/E ratio of -1.71 and a beta of 1.04. The company has a current ratio of 2.42, a quick ratio of 1.26 and a debt-to-equity ratio of 19.20. The firm has a 50-day moving average of $6.47 and a 200 day moving average of $6.38.

Compass Diversified (NYSE:CODI) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share for the quarter, missing the consensus estimate of $0.61 by ($1.59). Compass Diversified had a negative net margin of 12.09% and a positive return on equity of 24.48%. On average, analysts predict that Compass Diversified Holdings will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Compass Diversified by 29.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 6,548 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,471 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Compass Diversified by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock worth $740,000 after buying an additional 1,728 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Compass Diversified by 2.0% in the third 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. grew its holdings in shares of Compass Diversified by 8.8% during the third 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 during the last quarter. Finally, Sei Investments Co. increased its position in shares of Compass Diversified by 1.8% during the third quarter. Sei Investments Co. now owns 115,570 shares of the financial services provider’s stock worth $765,000 after acquiring an additional 2,022 shares in the last quarter. 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.