Compass Diversified Holdings (NYSE:CODI)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $24.90 and last traded at $24.75, with a volume of 3821 shares changing hands. The stock had previously closed at $23.80.
Separately, Zacks Investment Research raised shares of Compass Diversified from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Monday.
The company has a debt-to-equity ratio of 0.77, a current ratio of 3.46 and a quick ratio of 2.16. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 17.01 and a beta of 1.18. The firm’s fifty day moving average is $22.06 and its 200 day moving average is $19.64.
Compass Diversified (NYSE:CODI) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.04). The company had revenue of $388.31 million for the quarter, compared to analyst estimates of $372.47 million. Compass Diversified had a return on equity of 11.22% and a net margin of 18.42%. Equities research analysts forecast that Compass Diversified Holdings will post 1.65 EPS for the current fiscal year.
In related news, insider Elias Sabo purchased 18,334 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average cost of $22.02 per share, for a total transaction of $403,714.68. Following the completion of the acquisition, the insider now owns 585,549 shares in the company, valued at approximately $12,893,788.98. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of CODI. Phocas Financial Corp. acquired a new stake in shares of Compass Diversified during the second quarter worth approximately $27,000. Kavar Capital Partners LLC acquired a new stake in shares of Compass Diversified during the second quarter worth approximately $31,000. JPMorgan Chase & Co. boosted its holdings in shares of Compass Diversified by 49.7% during the second quarter. JPMorgan Chase & Co. now owns 2,993 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 993 shares during the period. US Bancorp DE boosted its holdings in shares of Compass Diversified by 50.6% during the second quarter. US Bancorp DE now owns 3,012 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 1,012 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Compass Diversified during the third quarter worth approximately $178,000. Institutional investors and hedge funds own 30.17% of the company’s stock.
Compass Diversified Company Profile (NYSE:CODI)
Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, safety & security, electronic components, food, foodservice.
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