Compass Diversified Holdings (NYSE:CODI – Get Free Report)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.20 and traded as high as $11.14. Compass Diversified shares last traded at $10.9780, with a volume of 416,378 shares traded.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. TD Cowen reaffirmed a “buy” rating and set a $12.50 price objective on shares of Compass Diversified in a research note on Thursday, July 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Compass Diversified in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.67.
Read Our Latest Analysis on Compass Diversified
Compass Diversified Trading Up 1.9%
Hedge Funds Weigh In On Compass Diversified
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its holdings in Compass Diversified by 0.9% in the first quarter. Public Employees Retirement System of Ohio now owns 133,659 shares of the financial services provider’s stock worth $1,051,000 after buying an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Compass Diversified by 4.6% during 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 purchasing an additional 1,728 shares during the last quarter. Sei Investments Co. boosted its stake in Compass Diversified by 1.8% during the 3rd quarter. Sei Investments Co. now owns 115,570 shares of the financial services provider’s stock valued at $765,000 after purchasing an additional 2,022 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Compass Diversified by 3.9% in the second quarter. Brown Advisory Inc. now owns 80,734 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Compass Diversified by 13.0% during the second quarter. Prudential Financial Inc. now owns 30,325 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 3,490 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.
Compass Diversified Company Profile
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.
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