Compass Diversified (NYSE:CODI) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Compass Diversified Holdings (NYSE:CODI) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.17 and traded as high as $11.19. Compass Diversified shares last traded at $11.1150, with a volume of 360,934 shares traded.

Analysts Set New Price Targets

CODI has been the subject of a number of recent analyst reports. Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. UBS Group set a $18.00 price objective on Compass Diversified in a research note on Tuesday, August 11th. TD Cowen increased their target price on Compass Diversified from $12.50 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. B. Riley Financial upgraded Compass Diversified from a “neutral” rating to a “buy” rating and raised their target price for the company from $11.00 to $15.00 in a research note on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Diversified in a report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Compass Diversified presently has a consensus rating of “Hold” and a consensus target price of $16.50.

Compass Diversified Price Performance

The stock has a 50-day simple moving average of $11.00 and a 200 day simple moving average of $10.19. The stock has a market capitalization of $832.91 million, a P/E ratio of -5.10 and a beta of 1.26. The company has a debt-to-equity ratio of 11.90, a quick ratio of 1.10 and a current ratio of 2.26.

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

Insider Activity

In other Compass Diversified news, insider Stephen Keller bought 10,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $12.01 per share, for a total transaction of $120,100.00. Following the transaction, the insider owned 51,840 shares in the company, valued at approximately $622,598.40. This trade represents a 23.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Eugene Kim bought 20,000 shares of Compass Diversified stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average cost of $11.47 per share, for a total transaction of $229,400.00. Following the purchase, the insider directly owned 20,000 shares in the company, valued at approximately $229,400. The trade was a ? increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 140,995 shares of company stock worth $1,715,498. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Compass Diversified

A number of institutional investors have recently bought and sold shares of the business. CenterBook Partners LP bought a new position in Compass Diversified during the 4th quarter worth approximately $6,597,000. Bank of America Corp DE grew its holdings in Compass Diversified by 77.4% during the first 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 purchasing an additional 570,003 shares during the period. Oak Family Advisors LLC bought a new stake in Compass Diversified in the first quarter valued at approximately $1,372,000. Public Employees Retirement System of Ohio bought a new stake in Compass Diversified in the second quarter valued at approximately $1,424,000. Finally, Sei Investments Co. raised its holdings in Compass Diversified by 69.6% in the first quarter. Sei Investments Co. now owns 286,033 shares of the financial services provider’s stock worth $2,248,000 after purchasing an additional 117,423 shares during the period. Institutional investors and hedge funds own 72.73% of the company’s stock.

About Compass Diversified

Compass Diversified (NYSE: CODI) is a holding company that acquires and manages controlling interests in established middle-market businesses. The company provides its subsidiaries with capital, strategic guidance, and operational support while allowing them to maintain their own brands and management teams. Its investment approach is focused on building a diversified portfolio of businesses with opportunities for long-term growth.

Compass Diversified’s portfolio has included companies serving consumer and industrial markets.