Compass Diversified (NYSE:CODI) Upgraded at Zacks Research

Zacks Research upgraded shares of Compass Diversified (NYSE:CODI) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Compass Point set a $15.00 price target on Compass Diversified in a research note on Tuesday, January 27th. CJS Securities upgraded Compass Diversified to an “outperform” rating in a research note on Tuesday, January 27th. B. Riley Financial decreased their target price on Compass Diversified from $13.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Raymond James Financial started coverage on Compass Diversified in a research report on Wednesday, March 11th. They issued a “hold” rating on the stock. Finally, Wall Street Zen upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.50.

Compass Diversified Trading Down 3.3%

Shares of Compass Diversified stock opened at $5.81 on Monday. The firm’s 50 day simple moving average is $6.44 and its two-hundred day simple moving average is $6.42. The firm has a market capitalization of $436.77 million, a price-to-earnings ratio of -1.50 and a beta of 1.04. Compass Diversified has a 12-month low of $4.58 and a 12-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.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported ($0.98) EPS for the quarter, missing the consensus estimate 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 predict that Compass Diversified will post 1.96 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CODI. Nomura Asset Management Co. Ltd. boosted its stake in shares of Compass Diversified by 29.0% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 6,548 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,471 shares in the last quarter. RPO LLC purchased a new position in shares of Compass Diversified in the 4th quarter valued at about $60,000. Geneos Wealth Management Inc. increased 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 valued at $62,000 after purchasing an additional 4,000 shares in the last quarter. Focus Partners Wealth acquired a new position in Compass Diversified in the 3rd quarter worth about $70,000. Finally, Quantessence Capital LLC acquired a new position in Compass Diversified in the 3rd quarter worth about $70,000. 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.