Compass Diversified (CODI) Downgraded by ValuEngine to “Sell”

Compass Diversified (NYSE:CODI) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Several other brokerages have also commented on CODI. Zacks Investment Research lowered shares of Compass Diversified from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 9th. TheStreet lowered shares of Compass Diversified from a “b-” rating to a “c” rating in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.00.

CODI stock opened at $15.55 on Thursday. Compass Diversified has a one year low of $15.40 and a one year high of $18.35. The company has a current ratio of 2.48, a quick ratio of 1.32 and a debt-to-equity ratio of 0.70.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.09. The firm 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 was up 9.4% on a year-over-year basis. During the same period last year, the firm posted ($0.14) EPS. sell-side analysts expect that Compass Diversified will post 1.94 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. raised its position in shares of Compass Diversified by 118.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 33,430 shares of the financial services provider’s stock valued at $567,000 after purchasing an additional 18,152 shares during the last quarter. Belpointe Asset Management LLC raised its position in shares of Compass Diversified by 19.3% in the 4th quarter. Belpointe Asset Management LLC now owns 38,062 shares of the financial services provider’s stock valued at $645,000 after purchasing an additional 6,155 shares during the last quarter. LPL Financial LLC raised its position in shares of Compass Diversified by 64.4% in the 4th quarter. LPL Financial LLC now owns 66,420 shares of the financial services provider’s stock valued at $1,126,000 after purchasing an additional 26,008 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Compass Diversified by 45.7% in the 4th quarter. Two Sigma Investments LP now owns 61,351 shares of the financial services provider’s stock valued at $1,040,000 after purchasing an additional 19,237 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in Compass Diversified by 576.9% in the 4th quarter. Deutsche Bank AG now owns 382,714 shares of the financial services provider’s stock worth $6,487,000 after buying an additional 326,171 shares during the period. 34.70% of the stock is owned by hedge funds and other institutional investors.

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About Compass Diversified

Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, and business services sectors.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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