Compass Diversified (NYSE:CODI) Stock Price Up 9.1% – Should You Buy?

Compass Diversified Holdings (NYSE:CODI) shot up 9.1% during mid-day trading on Thursday . The stock traded as high as $10.61 and last traded at $10.7530. 476,522 shares traded hands during trading, a decline of 59% from the average session volume of 1,166,140 shares. The stock had previously closed at $9.86.

Analyst Upgrades and Downgrades

CODI has been the topic of a number of recent research reports. Weiss Ratings upgraded Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. B. Riley Financial upped their target price on Compass Diversified from $8.00 to $10.50 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Finally, TD Cowen restated a “buy” rating and set a $12.50 price objective on shares of Compass Diversified in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Compass Diversified currently has a consensus rating of “Hold” and a consensus price target of $12.67.

Compass Diversified Price Performance

The business has a fifty day moving average of $10.85 and a 200-day moving average of $8.60. 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 firm has a market cap of $796.49 million, a PE ratio of -2.70 and a beta of 1.26.

Hedge Funds Weigh In On Compass Diversified

A number of institutional investors have recently added to or reduced their stakes in the business. Western Standard LLC purchased a new stake in Compass Diversified during the fourth quarter valued at about $5,592,000. Oak Family Advisors LLC purchased a new stake in Compass Diversified in the first quarter worth approximately $1,372,000. North Star Investment Management Corp. boosted its stake in Compass Diversified by 20,678.0% in the first quarter. North Star Investment Management Corp. now owns 61,295 shares of the financial services provider’s stock worth $482,000 after buying an additional 61,000 shares in the last quarter. CenterBook Partners LP bought a new position in Compass Diversified during the fourth quarter valued at approximately $6,597,000. Finally, Y Intercept Hong Kong Ltd grew its position in Compass Diversified by 13.9% during the first quarter. Y Intercept Hong Kong Ltd now owns 364,022 shares of the financial services provider’s stock valued at $2,861,000 after acquiring an additional 44,528 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors.

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.