Analysts Set Compass Diversified Holdings (NYSE:CODI) PT at $12.75

Shares of Compass Diversified Holdings (NYSE:CODI) have earned a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.75.

A number of research analysts have recently commented on CODI shares. Zacks Research upgraded Compass Diversified from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. B. Riley Financial raised their price target on Compass Diversified from $8.00 to $10.50 and gave the company a “neutral” rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings upgraded Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st.

Compass Diversified Price Performance

Compass Diversified stock traded down $0.10 during mid-day trading on Friday, reaching $10.05. 696,344 shares of the company’s stock traded hands, compared to its average volume of 813,765. Compass Diversified has a 12-month low of $4.58 and a 12-month high of $12.64. The company has a market cap of $756.54 million, a price-to-earnings ratio of -2.57 and a beta of 1.26. The stock has a 50 day moving average of $10.96 and a two-hundred day moving average of $8.47. The company has a quick ratio of 1.56, a current ratio of 2.67 and a debt-to-equity ratio of 34.60.

Institutional Investors Weigh In On Compass Diversified

Institutional investors have recently bought and sold shares of the company. Empowered Funds LLC acquired a new position in Compass Diversified during the 1st quarter valued at about $222,000. Essential Partners LLC raised its position in shares of Compass Diversified by 9,263.2% in the 1st quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 5,280 shares during the last quarter. Bank of America Corp DE grew its position in Compass Diversified by 77.4% during the 1st quarter. Bank of America Corp DE now owns 1,306,527 shares of the financial services provider’s stock worth $10,269,000 after purchasing an additional 570,003 shares during the last quarter. Saba Capital Management L.P. increased its stake in Compass Diversified by 4.9% during the 1st quarter. Saba Capital Management L.P. now owns 429,259 shares of the financial services provider’s stock valued at $3,374,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Compass Diversified in the first quarter worth $736,000. 72.73% of the stock is currently owned by institutional investors and hedge funds.

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.