Compass Diversified (NYSE:CODI) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Compass Diversified (NYSE:CODI) from a hold rating to a sell rating in a research note published on Saturday.

Several other research analysts have also weighed in on CODI. TD Cowen increased their price objective on Compass Diversified from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Compass Diversified in a research report on Friday, July 17th. UBS Group set a $18.00 price target on Compass Diversified in a report on Tuesday, August 11th. Finally, B. Riley Financial raised Compass Diversified from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $11.00 to $15.00 in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Compass Diversified currently has an average rating of “Hold” and a consensus price target of $16.50.

Compass Diversified Stock Down 4.2%

Shares of CODI opened at $12.18 on Friday. Compass Diversified has a 52-week low of $4.58 and a 52-week high of $13.25. The company has a quick ratio of 1.10, a current ratio of 2.26 and a debt-to-equity ratio of 11.90. The stock has a fifty day simple moving average of $10.51 and a two-hundred day simple moving average of $9.49. The company has a market capitalization of $916.37 million, a PE ratio of -5.61 and a beta of 1.27.

Compass Diversified (NYSE:CODI) last issued its earnings results on Monday, August 10th. The financial services provider reported ($0.09) EPS for the quarter. Compass Diversified had a negative return on equity of 10.36% and a negative net margin of 5.38%.The firm had revenue of $424.04 million for the quarter. As a group, equities analysts forecast that Compass Diversified will post 0.22 EPS for the current year.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified news, insider Stephen Keller purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $12.01 per share, with a total value of $120,100.00. Following the transaction, the insider directly owned 51,840 shares of the company’s stock, valued at approximately $622,598.40. This represents a 23.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Larry L. Enterline purchased 67,114 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $12.42 per share, with a total value of $833,555.88. Following the purchase, the insider owned 100,000 shares of the company’s stock, valued at approximately $1,242,000. This represents a 204.08% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 120,995 shares of company stock valued at $1,486,098 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Compass Diversified

Several large investors have recently bought and sold shares of CODI. AQR Capital Management LLC purchased a new position in shares of Compass Diversified in the 1st quarter valued at about $294,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Compass Diversified by 4.6% in 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 acquiring an additional 1,728 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Compass Diversified by 6.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,458 shares of the financial services provider’s stock valued at $2,884,000 after acquiring an additional 10,006 shares in the last quarter. Jane Street Group LLC lifted its stake in Compass Diversified by 345.5% in the first quarter. Jane Street Group LLC now owns 193,907 shares of the financial services provider’s stock worth $3,620,000 after acquiring an additional 150,386 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Compass Diversified by 5.5% during the 2nd quarter. Geode Capital Management LLC now owns 862,549 shares of the financial services provider’s stock worth $5,416,000 after acquiring an additional 44,938 shares in the last quarter. 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.