BidaskClub Downgrades Compass Diversified Holdings (CODI) to Hold

Compass Diversified Holdings (NYSE:CODI) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Wednesday, July 12th.

CODI has been the topic of several other research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $22.00 price target on shares of Compass Diversified Holdings in a research note on Thursday, March 16th. Zacks Investment Research upgraded shares of Compass Diversified Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th. Finally, TheStreet upgraded shares of Compass Diversified Holdings from a “c+” rating to a “b” rating in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.25.

Compass Diversified Holdings (CODI) traded down 0.29% on Wednesday, hitting $17.40. The company had a trading volume of 119,047 shares. Compass Diversified Holdings has a one year low of $15.90 and a one year high of $19.50. The company has a market capitalization of $1.04 billion, a P/E ratio of 112.26 and a beta of 0.57. The stock’s 50-day moving average price is $17.32 and its 200 day moving average price is $16.87.

Compass Diversified Holdings (NYSE:CODI) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported ($0.53) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.90. Compass Diversified Holdings had a negative return on equity of 16.11% and a negative net margin of 0.89%. The business had revenue of $307.38 million for the quarter, compared to analysts’ expectations of $302.86 million. During the same quarter in the prior year, the business earned $0.33 EPS. The company’s revenue was up 43.5% compared to the same quarter last year. On average, analysts expect that Compass Diversified Holdings will post $1.56 EPS for the current fiscal year.

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In other news, insider James Bottiglieri bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average price of $16.24 per share, with a total value of $48,720.00. Following the completion of the transaction, the insider now directly owns 45,462 shares of the company’s stock, valued at approximately $738,302.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alan B. Offenberg purchased 60,000 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were bought at an average price of $16.84 per share, for a total transaction of $1,010,400.00. Following the purchase, the insider now directly owns 500,852 shares in the company, valued at approximately $8,434,347.68. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. McKinley Carter Wealth Services Inc. raised its position in shares of Compass Diversified Holdings by 3.4% in the second quarter. McKinley Carter Wealth Services Inc. now owns 14,798 shares of the financial services provider’s stock worth $258,000 after buying an additional 484 shares during the last quarter. American Century Companies Inc. raised its position in shares of Compass Diversified Holdings by 8.4% in the second quarter. American Century Companies Inc. now owns 2,200,591 shares of the financial services provider’s stock worth $38,400,000 after buying an additional 170,788 shares during the last quarter. BB&T Securities LLC raised its position in shares of Compass Diversified Holdings by 14.6% in the second quarter. BB&T Securities LLC now owns 65,566 shares of the financial services provider’s stock worth $1,144,000 after buying an additional 8,373 shares during the last quarter. Legal & General Group Plc raised its position in shares of Compass Diversified Holdings by 22.3% in the second quarter. Legal & General Group Plc now owns 156,926 shares of the financial services provider’s stock worth $2,734,000 after buying an additional 28,603 shares during the last quarter. Finally, Alps Advisors Inc. acquired a new stake in Compass Diversified Holdings during the second quarter worth $3,367,000. Institutional investors and hedge funds own 37.06% of the company’s stock.

Compass Diversified Holdings Company Profile

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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