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

Compass Diversified Holdings (NYSE:CODI) has earned a consensus recommendation of “Reduce” from the five brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $11.50.

A number of brokerages have recently issued reports on CODI. Zacks Research downgraded Compass Diversified from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Compass Diversified in a report on Friday, December 26th. Wall Street Zen raised shares of Compass Diversified from a “sell” rating to a “hold” rating in a report on Saturday. Compass Point set a $15.00 price objective on shares of Compass Diversified in a research report on Tuesday, January 27th. Finally, B. Riley Financial cut their target price on shares of Compass Diversified from $13.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday.

Compass Diversified Trading Down 7.9%

Shares of NYSE CODI opened at $6.33 on Monday. The firm’s 50 day moving average price is $6.23 and its 200-day moving average price is $6.50. Compass Diversified has a 52-week low of $4.58 and a 52-week high of $20.17. The company has a debt-to-equity ratio of 19.20, a quick ratio of 0.16 and a current ratio of 2.42. The company has a market cap of $476.27 million, a PE ratio of -1.63 and a beta of 1.04.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.59). Compass Diversified had a positive return on equity of 24.48% and a negative net margin of 12.09%. On average, equities research analysts expect that Compass Diversified will post 1.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in shares of Compass Diversified by 1.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,346,106 shares of the financial services provider’s stock valued at $20,209,000 after purchasing an additional 49,423 shares during the last quarter. Mangrove Partners IM LLC boosted its holdings in Compass Diversified by 48.7% in the 3rd quarter. Mangrove Partners IM LLC now owns 3,684,800 shares of the financial services provider’s stock worth $24,393,000 after buying an additional 1,206,524 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Compass Diversified by 75.2% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,966,408 shares of the financial services provider’s stock worth $9,439,000 after purchasing an additional 843,965 shares during the period. SG Capital Management LLC bought a new stake in shares of Compass Diversified during the fourth quarter valued at approximately $7,626,000. Finally, CenterBook Partners LP purchased a new position in shares of Compass Diversified in the fourth quarter worth $6,597,000. 72.73% of the stock is owned by hedge funds and other 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.