Compass Diversified (NYSE:CODI) Sets New 52-Week High – What’s Next?

Compass Diversified Holdings (NYSE:CODI)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $12.41 and last traded at $12.0770, with a volume of 207794 shares. The stock had previously closed at $11.62.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CODI shares. Wall Street Zen upgraded Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Research upgraded Compass Diversified from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Compass Point set a $15.00 price objective on Compass Diversified in a research note on Tuesday, January 27th. CJS Securities upgraded Compass Diversified to an “outperform” rating in a research note on Tuesday, January 27th. Finally, Weiss Ratings upgraded Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Compass Diversified presently has a consensus rating of “Hold” and a consensus target price of $12.75.

Compass Diversified Stock Up 3.7%

The firm has a fifty day moving average price of $8.66 and a 200 day moving average price of $6.99. The company has a quick ratio of 1.26, a current ratio of 2.67 and a debt-to-equity ratio of 34.60. The company has a market cap of $938.62 million, a P/E ratio of -3.19 and a beta of 1.29.

Insider Activity at Compass Diversified

In other Compass Diversified news, insider Stephen Keller bought 30,000 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were bought at an average price of $8.61 per share, for a total transaction of $258,300.00. Following the completion of the acquisition, the insider owned 20,000 shares of the company’s stock, valued at approximately $172,200. This trade represents a -300.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Trading of Compass Diversified

Several large investors have recently made changes to their positions in CODI. SG Capital Management LLC bought a new stake in shares of Compass Diversified during the fourth quarter worth $7,626,000. CenterBook Partners LP bought a new stake in shares of Compass Diversified during the fourth quarter worth $6,597,000. Mangrove Partners IM LLC grew its holdings in shares of Compass Diversified by 48.7% during the third quarter. Mangrove Partners IM LLC now owns 3,684,800 shares of the financial services provider’s stock worth $24,393,000 after purchasing an additional 1,206,524 shares during the last quarter. Western Standard LLC bought a new stake in shares of Compass Diversified during the fourth quarter worth $5,592,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Compass Diversified during the fourth quarter worth $4,099,000. Institutional investors 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.