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

Shares of Compass Diversified Holdings (NYSE:CODI) have earned a consensus rating of “Hold” from the five analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $12.75.

Several brokerages have issued reports on CODI. Weiss Ratings upgraded Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. Zacks Research upgraded Compass Diversified from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. B. Riley Financial upped their price target on shares of Compass Diversified from $8.00 to $10.50 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Finally, Raymond James Financial assumed coverage on shares of Compass Diversified in a research report on Wednesday, March 11th. They issued a “hold” rating for the company.

Compass Diversified Stock Up 2.5%

Shares of CODI opened at $10.63 on Wednesday. The company has a market capitalization of $799.43 million, a P/E ratio of -2.72 and a beta of 1.26. Compass Diversified has a one year low of $4.58 and a one year high of $12.64. The business’s 50 day simple moving average is $10.90 and its 200-day simple moving average is $7.79. The company has a debt-to-equity ratio of 34.60, a current ratio of 2.67 and a quick ratio of 1.56.

Insider Activity at Compass Diversified

In related news, insider Stephen Keller purchased 30,000 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was acquired at an average price of $8.61 per share, with a total value of $258,300.00. Following the completion of the acquisition, the insider directly owned 20,000 shares in the company, valued at approximately $172,200. This trade represents a -300.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Mangrove Partners IM LLC increased its stake in shares of Compass Diversified by 48.7% in the 3rd quarter. Mangrove Partners IM LLC now owns 3,684,800 shares of the financial services provider’s stock valued at $24,393,000 after buying an additional 1,206,524 shares during the period. Western Standard LLC acquired a new position in shares of Compass Diversified during the fourth quarter valued at $5,592,000. CenterBook Partners LP bought a new position in Compass Diversified in the fourth quarter valued at about $6,597,000. RPO LLC bought a new position in Compass Diversified in the fourth quarter valued at about $60,000. Finally, Renaissance Technologies LLC acquired a new stake in Compass Diversified in the first quarter worth about $736,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

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.