Compass Diversified Holdings (NYSE:CODI) Given Average Rating of “Hold” by Brokerages

Shares of Compass Diversified Holdings (NYSE:CODI) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $16.50.

A number of equities research analysts have recently weighed in on CODI shares. UBS Group set a $18.00 price target on Compass Diversified in a report on Tuesday, August 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Compass Diversified in a report on Friday, July 17th. TD Cowen lifted their target price on Compass Diversified from $12.50 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Finally, B. Riley Financial upgraded Compass Diversified from a “neutral” rating to a “buy” rating and increased their price target for the stock from $11.00 to $15.00 in a research report on Tuesday, August 11th.

Compass Diversified Stock Up 0.5%

Shares of NYSE CODI opened at $11.07 on Friday. The firm has a market cap of $832.91 million, a price-to-earnings ratio of -5.10 and a beta of 1.26. Compass Diversified has a 1 year low of $4.58 and a 1 year high of $13.25. The company has a debt-to-equity ratio of 11.90, a quick ratio of 1.10 and a current ratio of 2.26. The stock’s 50-day simple moving average is $11.02 and its 200-day simple moving average is $10.21.

Compass Diversified (NYSE:CODI) last released its earnings results on Monday, August 10th. The financial services provider reported ($0.09) EPS for the quarter. Compass Diversified had a negative net margin of 5.38% and a negative return on equity of 10.36%. The business had revenue of $424.04 million for the quarter. As a group, equities analysts anticipate that Compass Diversified will post 0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified news, insider Zachary Sawtelle acquired 25,000 shares of Compass Diversified stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of $11.99 per share, for a total transaction of $299,750.00. Following the completion of the transaction, the insider owned 56,588 shares in the company, valued at approximately $678,490.12. This represents a 79.14% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Eugene Kim acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average cost of $11.47 per share, with a total value of $229,400.00. Following the completion of the acquisition, the insider directly owned 20,000 shares in the company, valued at approximately $229,400. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 140,995 shares of company stock valued at $1,715,498. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. CenterBook Partners LP acquired a new stake in Compass Diversified during the fourth quarter valued at approximately $6,597,000. Bank of America Corp DE grew its position in Compass Diversified by 77.4% in the first quarter. Bank of America Corp DE now owns 1,306,527 shares of the financial services provider’s stock worth $10,269,000 after buying an additional 570,003 shares during the last quarter. Oak Family Advisors LLC bought a new position in shares of Compass Diversified in the first quarter valued at $1,372,000. Public Employees Retirement System of Ohio bought a new position in shares of Compass Diversified in the second quarter valued at $1,424,000. Finally, Sei Investments Co. lifted its position in shares of Compass Diversified by 69.6% during the 1st quarter. Sei Investments Co. now owns 286,033 shares of the financial services provider’s stock valued at $2,248,000 after acquiring an additional 117,423 shares during the last quarter. Institutional investors and hedge funds own 72.73% of the company’s stock.

About Compass Diversified

Compass Diversified (NYSE: CODI) is a holding company that acquires and manages controlling interests in established middle-market businesses. The company provides its subsidiaries with capital, strategic guidance, and operational support while allowing them to maintain their own brands and management teams. Its investment approach is focused on building a diversified portfolio of businesses with opportunities for long-term growth.

Compass Diversified’s portfolio has included companies serving consumer and industrial markets.