Compass Diversified (NYSE:CODI) Trading Up 9% – Should You Buy?

Compass Diversified Holdings (NYSE:CODI)’s share price traded up 9% during mid-day trading on Wednesday . The stock traded as high as $11.57 and last traded at $11.6240. Approximately 562,168 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 1,193,172 shares. The stock had previously closed at $10.66.

Analysts Set New Price Targets

Several brokerages recently commented on CODI. Zacks Research raised Compass Diversified from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. B. Riley Financial lifted their price target on Compass Diversified from $8.00 to $10.50 and gave the company a “neutral” rating in a research report on Tuesday, April 7th. Weiss Ratings raised Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. Raymond James Financial initiated coverage on Compass Diversified in a report on Wednesday, March 11th. They issued a “hold” rating for the company. Finally, Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.75.

Compass Diversified Trading Down 0.5%

The company has a current ratio of 2.67, a quick ratio of 1.56 and a debt-to-equity ratio of 34.60. The business’s fifty day simple moving average is $11.12 and its two-hundred day simple moving average is $8.27. The stock has a market capitalization of $794.61 million, a P/E ratio of -2.70 and a beta of 1.26.

Insider Buying and Selling

In other news, insider Stephen Keller acquired 30,000 shares of Compass Diversified stock in a transaction on Monday, April 6th. The stock was bought at an average price of $8.61 per share, for a total transaction of $258,300.00. Following the transaction, the insider owned 20,000 shares of the company’s stock, valued at $172,200. The trade was a -300.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Compass Diversified

A number of institutional investors and hedge funds have recently modified their holdings of CODI. Allspring Global Investments Holdings LLC lifted its position in Compass Diversified by 1.2% in 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 purchasing an additional 49,423 shares during the period. Mangrove Partners IM LLC increased its holdings in Compass Diversified by 48.7% in the 3rd quarter. Mangrove Partners IM LLC now owns 3,684,800 shares of the financial services provider’s stock valued at $24,393,000 after buying an additional 1,206,524 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Compass Diversified by 75.2% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,966,408 shares of the financial services provider’s stock valued at $9,439,000 after buying an additional 843,965 shares in the last quarter. SG Capital Management LLC acquired a new position in shares of Compass Diversified in the 4th quarter valued at $7,626,000. Finally, CenterBook Partners LP bought a new position in shares of Compass Diversified during the 4th quarter worth about $6,597,000. 72.73% of the stock is currently owned by 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.