Compass Diversified Holdings (NYSE:CODI) Given Consensus Rating of “Hold” by Analysts

Shares of Compass Diversified Holdings (NYSE:CODI) have been given an average recommendation of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $12.75.

A number of brokerages recently commented on CODI. Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Compass Point set a $15.00 price target on Compass Diversified in a research note on Tuesday, January 27th. Raymond James Financial began coverage on Compass Diversified in a research note on Wednesday, March 11th. They issued a “hold” rating for the company. B. Riley Financial raised their price target on Compass Diversified from $8.00 to $10.50 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings raised Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st.

Compass Diversified Stock Performance

Shares of CODI stock opened at $11.44 on Friday. The stock has a fifty day moving average of $9.73 and a 200 day moving average of $7.35. Compass Diversified has a 52 week low of $4.58 and a 52 week high of $12.64. The firm has a market capitalization of $860.37 million, a price-to-earnings ratio of -2.92 and a beta of 1.29. The company has a quick ratio of 1.56, a current ratio of 2.67 and a debt-to-equity ratio of 34.60.

Insider Buying and Selling

In other Compass Diversified news, insider Stephen Keller purchased 30,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was bought at an average price of $8.61 per share, with a total value of $258,300.00. Following the completion of the purchase, the insider directly owned 20,000 shares of the company’s stock, valued at $172,200. The trade was a -300.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Compass Diversified

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its position in Compass Diversified by 0.9% during the first quarter. Public Employees Retirement System of Ohio now owns 133,659 shares of the financial services provider’s stock valued at $1,051,000 after buying an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Compass Diversified by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock valued at $740,000 after buying an additional 1,728 shares during the period. Rhumbline Advisers lifted its position in Compass Diversified by 2.0% during the third quarter. Rhumbline Advisers now owns 95,717 shares of the financial services provider’s stock valued at $634,000 after buying an additional 1,874 shares during the period. PNC Financial Services Group Inc. lifted its position in Compass Diversified by 8.8% during the third quarter. PNC Financial Services Group Inc. now owns 23,423 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,896 shares during the period. Finally, Sei Investments Co. lifted its position in Compass Diversified by 1.8% during the third quarter. Sei Investments Co. now owns 115,570 shares of the financial services provider’s stock valued at $765,000 after buying an additional 2,022 shares during the period. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Compass Diversified Company Profile

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.