Compass Diversified Holdings (NYSE:CODI) – Analysts at Jefferies Group issued their Q2 2019 earnings per share (EPS) estimates for Compass Diversified in a note issued to investors on Wednesday. Jefferies Group analyst K. Joseph expects that the financial services provider will earn $0.54 per share for the quarter. Jefferies Group also issued estimates for Compass Diversified’s Q3 2019 earnings at $0.64 EPS, Q4 2019 earnings at $0.71 EPS and FY2019 earnings at $2.20 EPS.
A number of other brokerages have also weighed in on CODI. Zacks Investment Research lowered shares of Compass Diversified from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 9th. TheStreet lowered shares of Compass Diversified from a “b-” rating to a “c” rating in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $20.00.
Compass Diversified (NYSE:CODI) last issued its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The business had revenue of $348.40 million during the quarter, compared to analyst estimates of $350.99 million. Compass Diversified had a net margin of 2.20% and a return on equity of 2.11%. Compass Diversified’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.14) earnings per share.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morris Capital Advisors LLC acquired a new stake in Compass Diversified during the 4th quarter worth $175,000. SeaCrest Wealth Management LLC acquired a new stake in Compass Diversified during the 4th quarter worth $195,000. Atria Investments LLC acquired a new stake in Compass Diversified during the 4th quarter worth $208,000. Gratus Capital LLC acquired a new stake in Compass Diversified during the 3rd quarter worth $240,000. Finally, Pinnacle Associates Ltd. grew its holdings in Compass Diversified by 25.3% during the 4th quarter. Pinnacle Associates Ltd. now owns 18,155 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 3,660 shares during the period. 34.79% of the stock is owned by hedge funds and other institutional investors.
In other Compass Diversified news, insider James Bottiglieri bought 4,733 shares of the stock in a transaction on Wednesday, January 3rd. The stock was purchased at an average price of $17.24 per share, with a total value of $81,596.92. Following the acquisition, the insider now owns 55,195 shares of the company’s stock, valued at $951,561.80. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.
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About Compass Diversified
Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.
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