Compass Diversified Holdings (NYSE:CODI) Stock Now Rated “Hold” by Wall Street Brokerages

Compass Diversified Holdings (NYSE:CODI) has been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $17.00.

Several analysts have issued reports on CODI shares. Compass Point set a $17.00 price objective on Compass Diversified in a report on Tuesday, October 13th. TD Cowen lifted their price objective on shares of Compass Diversified from $12.50 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. B. Riley Financial raised shares of Compass Diversified from a “neutral” rating to a “buy” rating and boosted their target price for the company from $11.00 to $15.00 in a research note on Tuesday, August 11th. Weiss Ratings upgraded Compass Diversified from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday. Finally, Ladenburg Thalmann & Co. Inc. began coverage on Compass Diversified in a research note on Tuesday, October 13th. They issued a “buy” rating and a $17.00 price objective for the company.

Insider Transactions at Compass Diversified

In related news, insider Eugene Kim purchased 20,000 shares of the stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average cost of $11.47 per share, for a total transaction of $229,400.00. Following the acquisition, the insider directly owned 20,000 shares in the company, valued at approximately $229,400. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Compass Diversified

A number of hedge funds and other institutional investors have recently made changes to their positions in CODI. Russell Investments Group Ltd. increased its stake in shares of Compass Diversified by 1.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 306,259 shares of the financial services provider’s stock worth $3,341,000 after purchasing an additional 4,979 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Compass Diversified by 0.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,848,295 shares of the financial services provider’s stock worth $42,370,000 after buying an additional 32,539 shares during the last quarter. State of Wyoming boosted its stake in shares of Compass Diversified by 85.1% during the 3rd quarter. State of Wyoming now owns 45,824 shares of the financial services provider’s stock worth $500,000 after acquiring an additional 21,062 shares in the last quarter. Engineers Gate Manager LP increased its holdings in shares of Compass Diversified by 135.5% during the 2nd quarter. Engineers Gate Manager LP now owns 129,216 shares of the financial services provider’s stock valued at $1,377,000 after acquiring an additional 74,344 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Compass Diversified in the 2nd quarter valued at approximately $48,000. 72.73% of the stock is owned by hedge funds and other institutional investors.

Compass Diversified Price Performance

Shares of Compass Diversified stock opened at $12.18 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.06 and a debt-to-equity ratio of 10.05. The company’s 50-day moving average price is $11.10 and its two-hundred day moving average price is $9.98. Compass Diversified has a 52 week low of $4.58 and a 52 week high of $13.25. The stock has a market cap of $916.72 million, a PE ratio of 20.93 and a beta of 1.29.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $424.04 million during the quarter. Compass Diversified had a positive return on equity of 72.69% and a negative net margin of 0.05%. As a group, sell-side analysts anticipate that Compass Diversified will post 0.08 EPS for the current fiscal year.

Compass Diversified Company Profile

Compass Diversified (NYSE: CODI) is a holding company that acquires and manages established middle-market businesses. It provides its subsidiary companies with capital and strategic support while allowing them to operate as independent businesses. The company’s portfolio has included businesses in branded consumer products and niche industrial markets. Their products and services span areas such as outdoor and tactical gear, specialty components, and manufacturing. Founded in 2005, Compass Diversified is based in the United States and its portfolio companies serve customers in domestic and international markets.