Compass Diversified Holdings (NYSE:CODI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Compass Diversified Holdings (NYSE:CODI) have received an average rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $12.6667.

A number of equities research analysts have weighed in on CODI shares. B. Riley Financial boosted their target price on shares of Compass Diversified from $8.00 to $10.50 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Diversified in a research note on Friday, July 17th. Finally, TD Cowen reiterated a “buy” rating and set a $12.50 price target on shares of Compass Diversified in a report on Thursday, July 16th.

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 shares of Compass Diversified in the 4th quarter valued at about $7,626,000. CenterBook Partners LP bought a new position in shares of Compass Diversified during the fourth quarter worth about $6,597,000. Western Standard LLC bought a new position in shares of Compass Diversified during the fourth quarter worth about $5,592,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Compass Diversified in the fourth quarter worth approximately $4,099,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Compass Diversified by 75.2% in the fourth 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.

Compass Diversified Stock Performance

Compass Diversified stock opened at $10.02 on Thursday. The business has a 50 day moving average of $10.47 and a 200-day moving average of $8.97. The company has a market capitalization of $753.83 million, a P/E ratio of -2.56 and a beta of 1.26. Compass Diversified has a 1 year low of $4.58 and a 1 year high of $12.64. The company has a debt-to-equity ratio of 34.60, a current ratio of 2.67 and a quick ratio of 1.56.

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.