Compass Diversified Holdings (NYSE:CODI) Given Average Recommendation of “Hold” by Brokerages

Shares of Compass Diversified Holdings (NYSE:CODI) have been given a consensus rating of “Hold” by the five research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $12.75.

Several equities analysts have commented on CODI shares. Zacks Research raised Compass Diversified from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. B. Riley Financial lifted their price objective on Compass Diversified from $8.00 to $10.50 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Weiss Ratings upgraded Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Raymond James Financial began coverage on shares of Compass Diversified in a research note on Wednesday, March 11th. They set a “hold” rating on the stock.

Insider Activity at Compass Diversified

In other Compass Diversified news, insider Stephen Keller bought 30,000 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were acquired at an average cost of $8.61 per share, for a total transaction of $258,300.00. Following the transaction, the insider owned 20,000 shares in the company, valued at approximately $172,200. The trade was a -300.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Compass Diversified

A number of institutional investors have recently added to or reduced their stakes in CODI. Essential Partners LLC boosted its stake in Compass Diversified by 9,263.2% in the 1st quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider’s stock valued at $42,000 after buying an additional 5,280 shares in the last quarter. RPO LLC acquired a new stake in shares of Compass Diversified in the 4th quarter valued at $60,000. Geneos Wealth Management Inc. boosted its stake in shares of Compass Diversified by 68.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 4,000 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Compass Diversified in the 3rd quarter worth about $70,000. Finally, Quantessence Capital LLC acquired a new stake in shares of Compass Diversified during the 3rd quarter worth about $70,000. 72.73% of the stock is owned by institutional investors and hedge funds.

Compass Diversified Trading Up 2.5%

Shares of CODI stock opened at $10.63 on Wednesday. Compass Diversified has a 1 year low of $4.58 and a 1 year high of $12.64. The firm’s fifty day simple moving average is $10.90 and its 200 day simple moving average is $7.79. The firm has a market capitalization of $799.43 million, a P/E ratio of -2.72 and a beta of 1.26. The company has a current ratio of 2.67, a quick ratio of 1.56 and a debt-to-equity ratio of 34.60.

Compass Diversified Company Profile

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.