Compass Diversified (NYSE:CODI) Upgraded at Wall Street Zen

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

CODI has been the topic of a number of other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Diversified in a research report on Friday, July 17th. B. Riley Financial upgraded Compass Diversified from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $11.00 to $15.00 in a research report on Tuesday, August 11th. UBS Group set a $18.00 price objective on Compass Diversified in a research note on Tuesday, August 11th. Finally, TD Cowen increased their target price on Compass Diversified from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Compass Diversified has an average rating of “Hold” and a consensus target price of $16.50.

Compass Diversified Trading Up 0.6%

Compass Diversified stock opened at $11.52 on Friday. Compass Diversified has a 1 year low of $4.58 and a 1 year high of $13.25. The firm’s 50-day moving average is $10.77 and its 200-day moving average is $9.84. The company has a debt-to-equity ratio of 11.90, a quick ratio of 1.10 and a current ratio of 2.26. The company has a market cap of $866.76 million, a P/E ratio of -5.31 and a beta of 1.27.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.09) earnings per share for the quarter. Compass Diversified had a negative net margin of 5.38% and a negative return on equity of 10.36%. The business had revenue of $424.04 million for the quarter. On average, equities analysts expect that Compass Diversified will post 0.11 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Teri Shaffer bought 11,881 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average price of $12.25 per share, with a total value of $145,542.25. Following the completion of the acquisition, the insider directly owned 13,201 shares in the company, valued at approximately $161,712.25. This trade represents a 900.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Zachary T. Sawtelle bought 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average cost of $12.45 per share, for a total transaction of $87,150.00. Following the acquisition, the insider owned 63,588 shares of the company’s stock, valued at $791,670.60. This represents a 12.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 140,995 shares of company stock worth $1,715,498. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Compass Diversified

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Western Standard LLC acquired a new stake in shares of Compass Diversified in the fourth quarter valued at $5,592,000. Renaissance Technologies LLC bought a new position in Compass Diversified during the first quarter valued at about $736,000. Sei Investments Co. grew its holdings in Compass Diversified by 69.6% during the first quarter. Sei Investments Co. now owns 286,033 shares of the financial services provider’s stock worth $2,248,000 after acquiring an additional 117,423 shares during the period. Bank of America Corp DE raised its position in Compass Diversified by 77.4% in the first quarter. Bank of America Corp DE now owns 1,306,527 shares of the financial services provider’s stock worth $10,269,000 after acquiring an additional 570,003 shares in the last quarter. Finally, Oak Family Advisors LLC bought a new stake in Compass Diversified in the first quarter worth about $1,372,000. 72.73% of the stock is owned by institutional investors.

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.