Compass Diversified Holdings (NYSE:CODI) Given Average Recommendation of “Hold” by Brokerages

Shares of Compass Diversified Holdings (NYSE:CODI) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, 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 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $16.50.

CODI has been the subject of a number of research analyst reports. TD Cowen increased their price target on shares of Compass Diversified from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Diversified in a research note on Friday, July 17th. B. Riley Financial upgraded shares of Compass Diversified from a “neutral” rating to a “buy” rating and increased their target price for the stock from $11.00 to $15.00 in a research report on Tuesday, August 11th. Wall Street Zen raised shares of Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group set a $18.00 price target on shares of Compass Diversified in a report on Tuesday, August 11th.

Compass Diversified Stock Performance

Shares of NYSE CODI opened at $11.48 on Monday. Compass Diversified has a 1 year low of $4.58 and a 1 year high of $13.25. The firm has a market cap of $863.76 million, a P/E ratio of -5.29 and a beta of 1.27. The stock has a fifty day moving average price of $10.75 and a two-hundred day moving average price of $9.79. The company has a debt-to-equity ratio of 11.90, a quick ratio of 1.10 and a current ratio of 2.26.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings results on Monday, August 10th. The financial services provider reported ($0.09) EPS for the quarter. The business had revenue of $424.04 million during the quarter. Compass Diversified had a negative return on equity of 10.36% and a negative net margin of 5.38%. Research analysts forecast that Compass Diversified will post 0.11 EPS for the current fiscal year.

Insider Transactions at Compass Diversified

In related news, insider Teri Shaffer bought 11,881 shares of Compass Diversified stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of $12.25 per share, for a total transaction of $145,542.25. Following the acquisition, the insider owned 13,201 shares in the company, valued at $161,712.25. This trade represents a 900.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Larry L. Enterline acquired 67,114 shares of Compass Diversified 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 directly owned 100,000 shares of the company’s stock, valued at $1,242,000. The trade was a 204.08% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 140,995 shares of company stock valued at $1,715,498. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Compass Diversified

Institutional investors and hedge funds have recently bought and sold shares of the stock. Essential Partners LLC increased its position in shares of Compass Diversified by 9,263.2% during the first quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 5,280 shares during the period. RPO LLC acquired a new stake in Compass Diversified during the fourth quarter worth $60,000. Geneos Wealth Management Inc. increased its holdings in 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 buying an additional 4,000 shares during the period. Focus Partners Wealth acquired a new position in shares of Compass Diversified in the 3rd quarter valued at $70,000. Finally, Quantessence Capital LLC bought a new position in shares of Compass Diversified during the 3rd quarter worth about $70,000. 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.