Roth Capital Reaffirms “Buy” Rating for Compass Diversified (NYSE:CODI)

Compass Diversified (NYSE:CODI)‘s stock had its “buy” rating restated by equities researchers at Roth Capital in a report released on Tuesday, BenzingaRatingsTable reports. They presently have a $20.00 target price on the financial services provider’s stock. Roth Capital’s price target points to a potential upside of 25.47% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group assumed coverage on shares of Compass Diversified in a research report on Wednesday, April 22nd. They issued a “buy” rating and a $22.00 target price for the company. ValuEngine raised Compass Diversified from a “sell” rating to a “hold” rating in a report on Tuesday, July 7th. Zacks Investment Research upgraded Compass Diversified from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, William Blair reiterated an “outperform” rating on shares of Compass Diversified in a research report on Tuesday, June 16th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $20.67.

CODI stock opened at $15.94 on Tuesday. Compass Diversified has a 1 year low of $10.78 and a 1 year high of $26.37. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 10.03 and a beta of 1.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.60 and a current ratio of 4.16. The stock’s fifty day moving average is $17.21 and its two-hundred day moving average is $18.33.

Compass Diversified (NYSE:CODI) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.29 EPS for the quarter, topping the consensus estimate of $0.26 by $0.03. The business had revenue of $333.45 million during the quarter, compared to analyst estimates of $340.97 million. Compass Diversified had a net margin of 11.06% and a return on equity of 11.68%. As a group, analysts predict that Compass Diversified will post 0.92 EPS for the current fiscal year.

In other Compass Diversified news, major shareholder Anholt Investments Ltd. purchased 131,100 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $15.40 per share, for a total transaction of $2,018,940.00. Also, insider Patrick A. Maciariello acquired 6,250 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were bought at an average price of $17.56 per share, with a total value of $109,750.00. Following the transaction, the insider now directly owns 172,268 shares in the company, valued at approximately $3,025,026.08. The disclosure for this purchase can be found here. Insiders have purchased 192,350 shares of company stock valued at $3,079,640 in the last ninety days. Company insiders own 2.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CODI. Ropes Wealth Advisors LLC acquired a new stake in Compass Diversified during the 2nd quarter valued at $31,000. Bogart Wealth LLC acquired a new stake in Compass Diversified during the 2nd quarter worth about $34,000. Russell Investments Group Ltd. purchased a new position in Compass Diversified during the 1st quarter valued at about $36,000. Retirement Network purchased a new stake in shares of Compass Diversified in the first quarter worth approximately $64,000. Finally, Planning Directions Inc. acquired a new stake in shares of Compass Diversified during the first quarter worth approximately $145,000. 27.86% of the stock is owned by institutional investors.

Compass Diversified Company Profile

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, business services sector, safety & security, electronic components, food, foodservice.

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