B. Riley Issues Pessimistic Forecast for Compass Diversified (NYSE:CODI) Stock Price

Compass Diversified (NYSE:CODI) had its price target decreased by equities research analysts at B. Riley from $18.00 to $13.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. B. Riley’s price target would indicate a potential upside of 145.75% from the stock’s current price.

A number of other analysts have also issued reports on CODI. Zacks Research lowered Compass Diversified from a “hold” rating to a “strong sell” rating in a research note on Monday. CJS Securities upgraded shares of Compass Diversified to a “hold” rating in a report on Thursday, December 11th. Wall Street Zen downgraded shares of Compass Diversified from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $13.00.

Compass Diversified Stock Up 1.0%

Shares of CODI traded up $0.05 on Wednesday, hitting $5.29. 151,506 shares of the stock traded hands, compared to its average volume of 1,295,575. Compass Diversified has a 1 year low of $4.58 and a 1 year high of $22.21. The stock’s 50 day moving average is $5.56 and its two-hundred day moving average is $6.46. The firm has a market capitalization of $398.00 million, a P/E ratio of -1.94 and a beta of 1.06.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share for the quarter, missing the consensus estimate of $0.61 by ($1.59). Compass Diversified had a negative net margin of 7.08% and a positive return on equity of 24.48%. The business had revenue of $472.56 million during the quarter, compared to analyst estimates of $497.19 million. Research analysts forecast that Compass Diversified will post 1.96 EPS for the current year.

Hedge Funds Weigh In On Compass Diversified

Several large investors have recently modified their holdings of CODI. Nomura Asset Management Co. Ltd. increased its holdings in Compass Diversified by 29.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 6,548 shares of the financial services provider’s stock valued at $41,000 after buying an additional 1,471 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Compass Diversified by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock valued at $740,000 after acquiring an additional 1,728 shares during the last quarter. Rhumbline Advisers raised its position in shares of Compass Diversified by 2.0% during the 3rd quarter. Rhumbline Advisers now owns 95,717 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 1,874 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Compass Diversified by 8.8% during the third quarter. PNC Financial Services Group Inc. now owns 23,423 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,896 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Compass Diversified by 65.3% in the second quarter. Nisa Investment Advisors LLC now owns 5,043 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 1,992 shares during the period. Institutional investors 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.