Compass Diversified Holdings (NYSE:CODI) Stock Has Consensus Price Target of $16.50 According to Brokerages

Shares of Compass Diversified Holdings (NYSE:CODI) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $16.50.

CODI has been the subject of a number of research analyst reports. TD Cowen upped their price objective 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. Wall Street Zen upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. UBS Group set a $18.00 target price on shares of Compass Diversified in a research report on Tuesday, August 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Compass Diversified in a research note on Friday, July 17th. Finally, B. Riley Financial upgraded shares of Compass Diversified from a “neutral” rating to a “buy” rating and upped their price target for the stock from $11.00 to $15.00 in a research report on Tuesday, August 11th.

Compass Diversified Trading Down 0.7%

Shares of NYSE:CODI opened at $10.78 on Tuesday. The business’s 50-day moving average is $11.34 and its 200 day moving average is $10.78. The company has a debt-to-equity ratio of 11.90, a current ratio of 2.26 and a quick ratio of 1.10. Compass Diversified has a 1 year low of $4.58 and a 1 year high of $13.25. The firm has a market capitalization of $810.71 million, a P/E ratio of -4.97 and a beta of 1.30.

Compass Diversified (NYSE:CODI) last released its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.09) earnings per share for the quarter. The company had revenue of $424.04 million for the quarter. Compass Diversified had a negative net margin of 5.38% and a negative return on equity of 10.36%. On average, research analysts predict that Compass Diversified will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified news, insider Teri Shaffer bought 11,881 shares of Compass Diversified stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of $12.25 per share, for a total transaction of $145,542.25. Following the completion of the transaction, the insider directly owned 13,201 shares of the company’s stock, valued at approximately $161,712.25. This represents a 900.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eugene Kim purchased 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average cost of $11.47 per share, for a total transaction of $229,400.00. Following the completion of the purchase, the insider owned 20,000 shares of the company’s stock, valued at approximately $229,400. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 140,995 shares of company stock valued at $1,715,498. 1.60% of the stock is owned by company insiders.

Institutional Trading of Compass Diversified

A number of hedge funds have recently bought and sold shares of the business. Essential Partners LLC increased its holdings in shares of Compass Diversified by 9,263.2% in 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 last quarter. Integrated Wealth Concepts LLC purchased a new position in Compass Diversified during the second quarter worth approximately $48,000. Alpine Global Management LLC purchased a new position in Compass Diversified during the fourth quarter worth approximately $177,000. Empowered Funds LLC purchased a new position in Compass Diversified during the first quarter worth approximately $222,000. Finally, ARS Investment Partners LLC boosted its stake in Compass Diversified by 257.6% during the first quarter. ARS Investment Partners LLC now owns 53,256 shares of the financial services provider’s stock worth $419,000 after buying an additional 38,364 shares during the last quarter. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Company Profile

Compass Diversified (NYSE: CODI) is a holding company that acquires and manages a diverse portfolio of middle-market businesses. The company provides long-term capital and operational support to businesses with established brands, differentiated products and opportunities for continued growth, generally seeking to hold its subsidiaries for extended periods rather than operate as a short-term investment vehicle.

Its portfolio has included companies in branded consumer products and niche industrial markets.