Traders Purchase High Volume of Call Options on Compass Diversified (NYSE:CODI)

Compass Diversified Holdings (NYSE:CODI) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 36,020 call options on the company. This is an increase of approximately 2,342% compared to the typical volume of 1,475 call options.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. B. Riley Financial lowered their price target on Compass Diversified from $13.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Zacks Research raised Compass Diversified from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings restated a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th. Compass Point set a $15.00 price target on Compass Diversified in a research report on Tuesday, January 27th. Finally, CJS Securities upgraded Compass Diversified to an “outperform” rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.50.

Institutional Investors Weigh In On Compass Diversified

Large investors have recently modified their holdings of the stock. RPO LLC acquired a new stake in shares of Compass Diversified in the fourth quarter valued at $60,000. Geneos Wealth Management Inc. lifted its position in Compass Diversified by 68.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock worth $62,000 after buying an additional 4,000 shares in the last quarter. Focus Partners Wealth bought a new stake in Compass Diversified during the 3rd quarter worth about $70,000. Quantessence Capital LLC bought a new stake in Compass Diversified during the 3rd quarter worth about $70,000. Finally, Voleon Capital Management LP acquired a new stake in Compass Diversified in the 2nd quarter valued at about $77,000. 72.73% of the stock is currently owned by institutional investors.

Compass Diversified Stock Performance

Compass Diversified stock traded up $0.24 on Thursday, hitting $6.62. The company’s stock had a trading volume of 1,298,712 shares, compared to its average volume of 1,290,841. Compass Diversified has a one year low of $4.58 and a one year high of $19.39. The firm has a market cap of $498.24 million, a P/E ratio of -1.71 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 2.42 and a debt-to-equity ratio of 19.20. The company has a fifty day moving average price of $6.55 and a 200-day moving average price of $6.38.

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

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.