Compass Diversified (NYSE:CODI) Stock Price Up 9.1% – What’s Next?

Compass Diversified Holdings (NYSE:CODI)’s share price was up 9.1% during trading on Thursday . The stock traded as high as $10.61 and last traded at $10.7530. Approximately 476,522 shares were traded during mid-day trading, a decline of 59% from the average session volume of 1,166,140 shares. The stock had previously closed at $9.86.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Weiss Ratings upgraded Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. TD Cowen reiterated a “buy” rating and issued a $12.50 target price on shares of Compass Diversified in a research note on Thursday. Finally, B. Riley Financial raised their price target on shares of Compass Diversified from $8.00 to $10.50 and gave the company a “neutral” rating in a research report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.67.

Compass Diversified Trading Down 1.3%

The company has a debt-to-equity ratio of 34.60, a current ratio of 2.67 and a quick ratio of 1.56. The firm has a fifty day moving average price of $10.77 and a 200-day moving average price of $8.65. The company has a market capitalization of $777.15 million, a P/E ratio of -2.64 and a beta of 1.26.

Hedge Funds Weigh In On Compass Diversified

A number of hedge funds and other institutional investors have recently made changes to their positions in CODI. SG Capital Management LLC bought a new stake in shares of Compass Diversified during the 4th quarter valued at about $7,626,000. CenterBook Partners LP purchased a new stake in Compass Diversified in the fourth quarter worth about $6,597,000. Western Standard LLC bought a new stake in Compass Diversified during the 4th quarter valued at approximately $5,592,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Compass Diversified during the 4th quarter valued at approximately $4,099,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Compass Diversified by 75.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,966,408 shares of the financial services provider’s stock worth $9,439,000 after acquiring an additional 843,965 shares during the period. Institutional investors own 72.73% of the company’s stock.

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.