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

Compass Diversified Holdings (NYSE:CODI) has received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $26.00.

Several research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Compass Diversified from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of Compass Diversified in a research note on Saturday, September 27th.

Compass Diversified Stock Down 3.6%

CODI opened at $6.48 on Friday. Compass Diversified has a 52-week low of $5.98 and a 52-week high of $24.32. The company has a 50 day moving average of $7.04 and a two-hundred day moving average of $9.42. The company has a market cap of $487.33 million, a P/E ratio of -5.06 and a beta of 1.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CODI. Qube Research & Technologies Ltd boosted its stake in shares of Compass Diversified by 738.4% in the second quarter. Qube Research & Technologies Ltd now owns 784,746 shares of the financial services provider’s stock valued at $4,928,000 after purchasing an additional 691,144 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Compass Diversified in the second quarter valued at $3,346,000. Allspring Global Investments Holdings LLC raised its holdings in Compass Diversified by 10.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,789,892 shares of the financial services provider’s stock valued at $88,709,000 after acquiring an additional 451,731 shares in the last quarter. Nuveen LLC acquired a new stake in Compass Diversified in the first quarter valued at $7,785,000. Finally, Y Intercept Hong Kong Ltd raised its holdings in Compass Diversified by 808.2% in the second quarter. Y Intercept Hong Kong Ltd now owns 377,880 shares of the financial services provider’s stock valued at $2,373,000 after acquiring an additional 336,271 shares in the last quarter. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Compass Diversified Company Profile

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, healthcare, safety & security, electronic components, food and foodservice.