Compass Diversified Holdings (NYSE:CODI)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.46 and traded as high as $23.82. Compass Diversified shares last traded at $23.82, with a volume of 8,475 shares.
Separately, Zacks Investment Research lowered shares of Compass Diversified from a “buy” rating to a “hold” rating in a research report on Friday.
The firm’s 50-day simple moving average is $21.68 and its 200-day simple moving average is $19.49. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.16 and a current ratio of 3.46. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 16.53 and a beta of 1.19.
Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.04). Compass Diversified had a net margin of 18.42% and a return on equity of 11.22%. The company had revenue of $388.31 million for the quarter, compared to analyst estimates of $372.47 million. Equities research analysts forecast that Compass Diversified Holdings will post 1.65 earnings per share for the current year.
In other news, insider Elias Sabo purchased 18,334 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average cost of $22.02 per share, for a total transaction of $403,714.68. Following the completion of the purchase, the insider now directly owns 585,549 shares of the company’s stock, valued at approximately $12,893,788.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.70% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Independent Advisor Alliance boosted its stake in Compass Diversified by 4.1% during the second quarter. Independent Advisor Alliance now owns 25,091 shares of the financial services provider’s stock worth $479,000 after buying an additional 980 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Compass Diversified by 49.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,993 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 993 shares in the last quarter. US Bancorp DE boosted its position in shares of Compass Diversified by 50.6% during the 2nd quarter. US Bancorp DE now owns 3,012 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 1,012 shares in the last quarter. Private Advisor Group LLC increased its stake in Compass Diversified by 9.6% in the second quarter. Private Advisor Group LLC now owns 12,534 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 1,100 shares during the period. Finally, Phocas Financial Corp. bought a new stake in Compass Diversified in the second quarter valued at about $2,660,000. 30.09% of the stock is owned by hedge funds and other institutional investors.
Compass Diversified Company Profile (NYSE:CODI)
Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, safety & security, electronic components, food, foodservice.
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