Compass Diversified (NYSE:CODI) Raised to “Hold” at Wall Street Zen

Compass Diversified (NYSE:CODI) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Other research analysts also recently issued research reports about the company. CJS Securities raised Compass Diversified to an “outperform” rating in a report on Tuesday, January 27th. Compass Point set a $15.00 target price on Compass Diversified in a research note on Tuesday, January 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th. B. Riley Financial decreased their price target on Compass Diversified from $13.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Finally, Zacks Research lowered Compass Diversified from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Compass Diversified has an average rating of “Reduce” and an average target price of $11.50.

Compass Diversified Trading Down 7.9%

CODI opened at $6.33 on Friday. Compass Diversified has a 1-year low of $4.58 and a 1-year high of $20.17. The stock has a market capitalization of $476.27 million, a PE ratio of -1.63 and a beta of 1.04. The company has a current ratio of 2.42, a quick ratio of 1.26 and a debt-to-equity ratio of 19.20. The firm has a 50-day moving average price of $6.23 and a two-hundred day moving average price of $6.49.

Compass Diversified (NYSE:CODI) last announced its earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.59). Compass Diversified had a positive return on equity of 24.48% and a negative net margin of 12.09%. As a group, equities analysts anticipate that Compass Diversified will post 1.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Compass Diversified

A number of institutional investors have recently made changes to their positions in the stock. SG Capital Management LLC bought a new stake in Compass Diversified in the fourth quarter valued at about $7,626,000. CenterBook Partners LP acquired a new position in shares of Compass Diversified during the 4th quarter worth about $6,597,000. Mangrove Partners IM LLC grew its position 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 during the period. Western Standard LLC bought a new stake in shares of Compass Diversified in the 4th quarter valued at about $5,592,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Compass Diversified in the 4th quarter valued at about $4,099,000. 72.73% of the stock is owned by institutional investors and hedge funds.

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.