Compass Diversified (NYSE:CODI) Trading 9.8% Higher – Time to Buy?

Compass Diversified Holdings (NYSE:CODI) traded up 9.8% during mid-day trading on Tuesday . The company traded as high as $6.61 and last traded at $6.6950. 324,239 shares were traded during trading, a decline of 75% from the average session volume of 1,321,137 shares. The stock had previously closed at $6.10.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. CJS Securities raised shares of Compass Diversified to an “outperform” rating in a report on Tuesday, January 27th. Zacks Research upgraded shares of Compass Diversified from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. B. Riley Financial cut their target price on shares of Compass Diversified from $13.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Raymond James Financial began coverage on shares of Compass Diversified in a research note on Wednesday, March 11th. They set a “hold” rating for the company. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Compass Diversified in a report on Friday, December 26th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Compass Diversified has an average rating of “Hold” and a consensus price target of $11.50.

Compass Diversified Stock Up 3.8%

The company’s 50 day moving average price is $6.52 and its two-hundred day moving average price is $6.38. 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 market cap of $498.24 million, a P/E ratio of -1.71 and a beta of 1.04.

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

Institutional Investors Weigh In On Compass Diversified

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its position 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 valued at $20,209,000 after purchasing an additional 49,423 shares in the last quarter. Mangrove Partners IM LLC increased its position 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 worth $24,393,000 after buying an additional 1,206,524 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Compass Diversified by 75.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,966,408 shares of the financial services provider’s stock worth $9,439,000 after buying an additional 843,965 shares during the period. SG Capital Management LLC bought a new position in shares of Compass Diversified in the fourth quarter worth about $7,626,000. Finally, CenterBook Partners LP purchased a new position in shares of Compass Diversified during the 4th quarter valued at about $6,597,000. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

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.