Compass Diversified Holdings (NYSE:CODI) Stock Has Average Target Price of $16.50

Compass Diversified Holdings (NYSE:CODI) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $16.50.

CODI has been the topic of several recent analyst reports. UBS Group set a $18.00 target price on shares of Compass Diversified in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Diversified in a research report on Friday, July 17th. B. Riley Financial raised shares of Compass Diversified from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.00 to $15.00 in a research report on Tuesday, August 11th. Finally, TD Cowen upped their price objective on Compass Diversified from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, August 11th.

Insider Activity at Compass Diversified

In other Compass Diversified news, insider Larry L. Enterline purchased 67,114 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of $12.42 per share, with a total value of $833,555.88. Following the purchase, the insider directly owned 100,000 shares in the company, valued at approximately $1,242,000. This trade represents a 204.08% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Zachary T. Sawtelle purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was acquired at an average cost of $12.45 per share, for a total transaction of $87,150.00. Following the purchase, the insider owned 63,588 shares in the company, valued at approximately $791,670.60. The trade was a 12.37% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 140,995 shares of company stock valued at $1,715,498 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Compass Diversified

Institutional investors and hedge funds have recently bought and sold shares of the stock. Essential Partners LLC lifted its position in Compass Diversified by 9,263.2% in the first 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 during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Compass Diversified during the second quarter valued at about $48,000. Alpine Global Management LLC acquired a new stake in shares of Compass Diversified during the fourth quarter valued at about $177,000. Empowered Funds LLC purchased a new stake in shares of Compass Diversified in the 1st quarter valued at approximately $222,000. Finally, ARS Investment Partners LLC raised its stake in shares of Compass Diversified by 257.6% in the 1st quarter. ARS Investment Partners LLC now owns 53,256 shares of the financial services provider’s stock valued at $419,000 after acquiring an additional 38,364 shares during the period. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Compass Diversified Trading Down 0.7%

Shares of CODI stock opened at $10.78 on Tuesday. The company has a current ratio of 2.26, a quick ratio of 1.10 and a debt-to-equity ratio of 11.90. Compass Diversified has a twelve month low of $4.58 and a twelve month high of $13.25. The company’s 50-day moving average price is $11.34 and its 200-day moving average price is $10.78. The stock has a market cap of $810.71 million, a price-to-earnings ratio of -4.97 and a beta of 1.30.

Compass Diversified (NYSE:CODI) last released its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter. Compass Diversified had a negative return on equity of 10.36% and a negative net margin of 5.38%. The firm had revenue of $424.04 million for the quarter. As a group, equities analysts predict that Compass Diversified will post 0.13 earnings per share for the current year.

Compass Diversified Company Profile

Compass Diversified (NYSE: CODI) is a holding company that acquires and manages a diverse portfolio of middle-market businesses. The company provides long-term capital and operational support to businesses with established brands, differentiated products and opportunities for continued growth, generally seeking to hold its subsidiaries for extended periods rather than operate as a short-term investment vehicle.

Its portfolio has included companies in branded consumer products and niche industrial markets.