Compass Diversified Holdings (NYSE:CODI) Given Consensus Rating of “Hold” by Brokerages

Compass Diversified Holdings (NYSE:CODI) has been given a consensus recommendation of “Hold” by the five analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $12.75.

Several research firms have recently weighed in on CODI. Raymond James Financial initiated coverage on Compass Diversified in a research report on Wednesday, March 11th. They set a “hold” rating for the company. Weiss Ratings raised Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. B. Riley Financial boosted their target price on Compass Diversified from $8.00 to $10.50 and gave the company a “neutral” rating in a research note on Tuesday, April 7th. Wall Street Zen raised shares of Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Zacks Research upgraded shares of Compass Diversified from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th.

Compass Diversified Price Performance

Shares of NYSE CODI opened at $10.56 on Friday. The company has a fifty day moving average price of $11.10 and a 200 day moving average price of $8.29. The firm has a market cap of $794.57 million, a PE ratio of -2.70 and a beta of 1.26. The company has a current ratio of 2.67, a quick ratio of 1.56 and a debt-to-equity ratio of 34.60. Compass Diversified has a 1-year low of $4.58 and a 1-year high of $12.64.

Insiders Place Their Bets

In other Compass Diversified news, insider Stephen Keller bought 30,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was acquired at an average price of $8.61 per share, with a total value of $258,300.00. Following the completion of the transaction, the insider owned 20,000 shares in the company, valued at approximately $172,200. This trade represents a -300.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Compass Diversified

Several hedge funds have recently modified their holdings of CODI. Allspring Global Investments Holdings LLC raised its holdings in Compass Diversified by 1.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,346,106 shares of the financial services provider’s stock worth $20,209,000 after acquiring an additional 49,423 shares in the last quarter. Mangrove Partners IM LLC grew its stake in Compass Diversified by 48.7% in the third quarter. Mangrove Partners IM LLC now owns 3,684,800 shares of the financial services provider’s stock valued at $24,393,000 after purchasing an additional 1,206,524 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Compass Diversified by 75.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,966,408 shares of the financial services provider’s stock worth $9,439,000 after purchasing an additional 843,965 shares during the last quarter. SG Capital Management LLC acquired a new position in shares of Compass Diversified during the 4th quarter worth approximately $7,626,000. Finally, CenterBook Partners LP acquired a new position in shares of Compass Diversified during the 4th quarter worth approximately $6,597,000. 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.