Compass Diversified (NYSE:CODI) Shares Up 7.3% – What’s Next?

Compass Diversified Holdings (NYSE:CODI) traded up 7.3% during trading on Monday . The company traded as high as $9.33 and last traded at $9.2160. 1,028,703 shares were traded during mid-day trading, a decline of 24% from the average session volume of 1,361,047 shares. The stock had previously closed at $8.59.

Analysts Set New Price Targets

CODI has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th. B. Riley Financial cut their price target on shares of Compass Diversified from $13.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Zacks Research upgraded shares of Compass Diversified from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Raymond James Financial began coverage on shares of Compass Diversified in a research note on Wednesday, March 11th. They issued a “hold” rating on the stock. Finally, Compass Point set a $15.00 price objective on shares of Compass Diversified in a research report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.50.

Compass Diversified Stock Performance

The company has a debt-to-equity ratio of 19.20, a current ratio of 2.42 and a quick ratio of 1.26. The stock has a market cap of $700.56 million, a P/E ratio of -2.40 and a beta of 1.00. The stock has a 50-day simple moving average of $6.83 and a 200-day simple moving average of $6.41.

Compass Diversified (NYSE:CODI) last posted its earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.59). Research analysts forecast that Compass Diversified Holdings will post 1.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CODI. Allspring Global Investments Holdings LLC boosted its position in Compass Diversified by 1.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,346,106 shares of the financial services provider’s stock worth $20,209,000 after buying an additional 49,423 shares during the period. Mangrove Partners IM LLC boosted its holdings in shares of Compass Diversified by 48.7% during the 3rd quarter. Mangrove Partners IM LLC now owns 3,684,800 shares of the financial services provider’s stock worth $24,393,000 after buying an additional 1,206,524 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Compass Diversified by 75.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,966,408 shares of the financial services provider’s stock worth $9,439,000 after purchasing an additional 843,965 shares during the period. SG Capital Management LLC acquired a new stake in shares of Compass Diversified in the 4th quarter valued at about $7,626,000. Finally, CenterBook Partners LP acquired a new stake in Compass Diversified in the fourth quarter valued at approximately $6,597,000. 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.