Compass Diversified Holdings (NYSE:CODI) Receives Consensus Rating of “Hold” from Analysts

Compass Diversified Holdings (NYSE:CODI) has earned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $12.75.

A number of equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. CJS Securities raised shares of Compass Diversified to an “outperform” rating in a research report on Tuesday, January 27th. Raymond James Financial assumed coverage on shares of Compass Diversified in a research report on Wednesday, March 11th. They set a “hold” rating on the stock. Wall Street Zen raised shares of Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Compass Point set a $15.00 price objective on shares of Compass Diversified in a research report on Tuesday, January 27th.

Insider Buying and Selling

In other Compass Diversified news, insider Stephen Keller purchased 30,000 shares of the business’s stock in a transaction on Monday, April 6th. The shares were purchased at an average cost of $8.61 per share, with a total value of $258,300.00. Following the transaction, the insider directly owned 20,000 shares of the company’s stock, valued at $172,200. This represents a -300.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in Compass Diversified by 77.4% in the 1st quarter. Bank of America Corp DE now owns 1,306,527 shares of the financial services provider’s stock valued at $10,269,000 after buying an additional 570,003 shares during the last quarter. Empowered Funds LLC acquired a new position in Compass Diversified in the 1st quarter valued at about $222,000. Saba Capital Management L.P. grew its stake in Compass Diversified by 4.9% in 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 buying an additional 20,000 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Compass Diversified in the 1st quarter valued at about $736,000. Finally, Public Employees Retirement System of Ohio grew its stake in Compass Diversified by 0.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 133,659 shares of the financial services provider’s stock valued at $1,051,000 after buying an additional 1,128 shares during the last quarter. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Trading Down 0.6%

Shares of NYSE CODI opened at $11.87 on Friday. The company’s fifty day moving average is $9.52 and its 200-day moving average is $7.28. The stock has a market cap of $892.87 million, a price-to-earnings ratio of -3.04 and a beta of 1.29. Compass Diversified has a twelve month low of $4.58 and a twelve month high of $12.64. The company has a quick ratio of 1.56, a current ratio of 2.67 and a debt-to-equity ratio of 34.60.

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.