Compass Diversified Holdings (NYSE:CODI) Receives Consensus Rating of “Hold” from Analysts

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

CODI has been the topic of several recent analyst reports. Zacks Research upgraded shares of Compass Diversified from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Weiss Ratings upgraded shares of Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. Raymond James Financial assumed coverage on Compass Diversified in a report on Wednesday, March 11th. They set a “hold” rating for the company. B. Riley Financial boosted their price target on Compass Diversified from $8.00 to $10.50 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Finally, Wall Street Zen upgraded Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th.

Compass Diversified Stock Performance

NYSE CODI opened at $10.56 on Friday. The firm has a market capitalization of $794.57 million, a P/E ratio of -2.70 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. The firm’s fifty day moving average price is $11.10 and its two-hundred day moving average price is $8.29. Compass Diversified has a 1 year low of $4.58 and a 1 year high of $12.64.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified news, insider Stephen Keller bought 30,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were acquired at an average cost of $8.61 per share, with a total value of $258,300.00. Following the acquisition, the insider owned 20,000 shares of the company’s stock, valued at $172,200. The trade was a -300.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Compass Diversified

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CODI. AQR Capital Management LLC bought a new stake in shares of Compass Diversified during the 1st quarter worth about $294,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Compass Diversified by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock worth $740,000 after acquiring an additional 1,728 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Compass Diversified by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,458 shares of the financial services provider’s stock worth $2,884,000 after acquiring an additional 10,006 shares during the period. Jane Street Group LLC grew its position in shares of Compass Diversified by 345.5% in the first quarter. Jane Street Group LLC now owns 193,907 shares of the financial services provider’s stock valued at $3,620,000 after purchasing an additional 150,386 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Compass Diversified by 5.5% in the second quarter. Geode Capital Management LLC now owns 862,549 shares of the financial services provider’s stock valued at $5,416,000 after purchasing an additional 44,938 shares during the last quarter. 72.73% of the stock is 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.