BidaskClub Lowers Compass Diversified Holdings (CODI) to Strong Sell

Compass Diversified Holdings (NYSE:CODI) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday, November 4th.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Compass Diversified Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. ValuEngine downgraded Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 target price on shares of Compass Diversified Holdings in a research note on Friday, July 14th. Finally, TheStreet raised shares of Compass Diversified Holdings from a “c+” rating to a “b” rating in a research note on Friday, July 7th. Three analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.50.

Compass Diversified Holdings (NYSE:CODI) opened at $16.75 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.26 and a current ratio of 2.41. Compass Diversified Holdings has a 1 year low of $15.90 and a 1 year high of $19.50.

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In related news, insider James Bottiglieri purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was purchased at an average price of $16.63 per share, for a total transaction of $83,150.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its position in Compass Diversified Holdings by 21.4% in the first quarter. Ameriprise Financial Inc. now owns 31,474 shares of the financial services provider’s stock worth $522,000 after buying an additional 5,556 shares during the period. Legal & General Group Plc increased its position in Compass Diversified Holdings by 6.7% in the first quarter. Legal & General Group Plc now owns 128,323 shares of the financial services provider’s stock worth $2,133,000 after buying an additional 8,029 shares during the period. UBS Group AG grew its stake in shares of Compass Diversified Holdings by 11.9% in the first quarter. UBS Group AG now owns 145,244 shares of the financial services provider’s stock worth $2,411,000 after purchasing an additional 15,480 shares in the last quarter. Morgan Stanley grew its stake in shares of Compass Diversified Holdings by 1.5% in the first quarter. Morgan Stanley now owns 483,861 shares of the financial services provider’s stock worth $8,033,000 after purchasing an additional 7,296 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Compass Diversified Holdings by 40.5% in the first quarter. Bank of America Corp DE now owns 131,202 shares of the financial services provider’s stock worth $2,178,000 after purchasing an additional 37,825 shares in the last quarter. 33.33% of the stock is currently owned by institutional investors and hedge funds.

About Compass Diversified Holdings

Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.

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