Compass Diversified (NYSE:CODI) Stock Rating Upgraded by Zacks Research

Compass Diversified (NYSE:CODI) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. CJS Securities raised shares of Compass Diversified to an “outperform” rating in a research note on Tuesday, January 27th. Raymond James Financial initiated coverage on Compass Diversified in a report on Wednesday, March 11th. They issued a “hold” rating for the company. B. Riley Financial dropped their price objective on Compass Diversified from $13.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Finally, Compass Point set a $15.00 price objective on Compass Diversified in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.50.

Compass Diversified Stock Down 3.3%

NYSE:CODI opened at $5.81 on Monday. The company has a market cap of $436.77 million, a price-to-earnings ratio of -1.50 and a beta of 1.04. Compass Diversified has a twelve month low of $4.58 and a twelve month high of $20.07. 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 stock has a fifty day simple moving average of $6.44 and a 200-day simple moving average of $6.42.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.59). Compass Diversified had a positive return on equity of 24.48% and a negative net margin of 12.09%. Analysts anticipate that Compass Diversified will post 1.96 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC purchased a new stake in shares of Compass Diversified in the 1st quarter worth approximately $294,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 valued at $740,000 after buying an additional 1,728 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Compass Diversified by 6.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,458 shares of the financial services provider’s stock worth $2,884,000 after buying an additional 10,006 shares in the last quarter. Jane Street Group LLC raised its stake in Compass Diversified by 345.5% in the first quarter. Jane Street Group LLC now owns 193,907 shares of the financial services provider’s stock worth $3,620,000 after buying an additional 150,386 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Compass Diversified by 5.5% during the second quarter. Geode Capital Management LLC now owns 862,549 shares of the financial services provider’s stock worth $5,416,000 after buying an additional 44,938 shares during the period. Hedge funds and other institutional investors own 72.73% of the company’s stock.

About Compass Diversified

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.