Compass Diversified (NYSE:CODI) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Compass Diversified Holdings (NYSE:CODI) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.98 and traded as high as $10.12. Compass Diversified shares last traded at $10.1110, with a volume of 1,053,444 shares.

Analyst Ratings Changes

Several research firms have recently weighed in on CODI. Zacks Research upgraded Compass Diversified from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. B. Riley Financial raised their target price on Compass Diversified from $8.00 to $10.50 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings raised Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. Finally, Raymond James Financial initiated coverage on Compass Diversified in a research report on Wednesday, March 11th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.75.

Compass Diversified Price Performance

The company has a debt-to-equity ratio of 34.60, a current ratio of 2.67 and a quick ratio of 1.56. The company’s 50 day moving average price is $11.14 and its 200 day moving average price is $7.99. The firm has a market capitalization of $760.71 million, a P/E ratio of -2.59 and a beta of 1.26.

Insider Transactions at Compass Diversified

In other news, insider Stephen Keller acquired 30,000 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were purchased at an average cost of $8.61 per share, for a total transaction of $258,300.00. Following the transaction, the insider owned 20,000 shares of the company’s stock, valued at approximately $172,200. This represents a -300.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Compass Diversified

Large investors have recently made changes to their positions in the company. SG Capital Management LLC acquired a new stake in Compass Diversified in the fourth quarter worth about $7,626,000. CenterBook Partners LP bought a new position in shares of Compass Diversified in the 4th quarter valued at about $6,597,000. Mangrove Partners IM LLC boosted its stake in shares of 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 valued at $24,393,000 after purchasing an additional 1,206,524 shares during the last quarter. Western Standard LLC acquired a new stake in shares of Compass Diversified during the 4th quarter worth approximately $5,592,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Compass Diversified during the 4th quarter worth approximately $4,099,000. Institutional investors and hedge funds 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.