Compass Diversified Holdings (NYSE:CODI – Get Free Report) insider Larry Enterline acquired 67,114 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average price of $12.42 per share, with a total value of $833,555.88. Following the transaction, the insider owned 100,000 shares in the company, valued at $1,242,000. This represents a 204.08% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Compass Diversified Trading Up 3.4%
NYSE:CODI traded up $0.42 on Friday, reaching $12.70. The stock had a trading volume of 1,062,849 shares, compared to its average volume of 1,105,218. The company has a market cap of $955.40 million, a price-to-earnings ratio of -5.85 and a beta of 1.27. The company has a debt-to-equity ratio of 34.60, a current ratio of 2.67 and a quick ratio of 1.56. The firm’s fifty day moving average is $10.44 and its two-hundred day moving average is $9.41. Compass Diversified Holdings has a 12-month low of $4.58 and a 12-month high of $13.25.
Compass Diversified (NYSE:CODI – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The financial services provider reported ($0.09) EPS for the quarter. The firm had revenue of $424.04 million for the quarter. Compass Diversified had a negative return on equity of 9.53% and a negative net margin of 5.38%. Equities analysts expect that Compass Diversified Holdings will post 0.22 EPS for the current fiscal year.
Hedge Funds Weigh In On Compass Diversified
Key Headlines Impacting Compass Diversified
Here are the key news stories impacting Compass Diversified this week:
- Positive Sentiment: Analyst upgrades and higher targets: B. Riley Financial upgraded CODI from “Neutral” to “Buy” and raised its price target from $11 to $15. TD Cowen increased its target from $12.50 to $18 and maintained a “Buy” rating, while UBS also set an $18 target. The higher targets are above recent trading levels and likely improved investor sentiment. B. Riley Financial upgrades Compass Diversified
- Positive Sentiment: Multiple insider purchases: Zachary T. Sawtelle bought 25,000 shares for approximately $299,750 on August 12 and another 7,000 shares for $87,150 on August 13. Stephen Keller purchased 10,000 shares for about $120,100. The transactions materially increased their ownership and may signal that insiders believe CODI is undervalued or expect a business recovery. SEC insider ownership filing
- Positive Sentiment: Turnaround and transaction optimism: Reports have highlighted a $292 million sale and potential management-fee savings, reinforcing the possibility of improved liquidity, lower expenses and stronger portfolio performance. Compass Diversified’s $292 million sale
- Neutral Sentiment: Unusual options activity: Elevated options volume shows increased attention around CODI and could amplify near-term volatility, but it does not establish a clear bullish or bearish direction. Unusual options trading in Compass Diversified
- Negative Sentiment: Losses remain a risk: CODI reported a quarterly loss of $0.09 per share, negative net margin and negative return on equity. Its recovery case therefore depends on successfully improving portfolio-company performance and converting recent strategic developments into sustained earnings.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Compass Diversified in a research note on Friday, July 17th. TD Cowen lifted their price objective on Compass Diversified from $12.50 to $18.00 and gave the company a “buy” rating in a research report on Tuesday. B. Riley Financial upgraded Compass Diversified from a “neutral” rating to a “buy” rating and upped their target price for the company from $11.00 to $15.00 in a research note on Tuesday. Finally, UBS Group set a $18.00 price target on Compass Diversified in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Compass Diversified currently has an average rating of “Hold” and a consensus price target of $16.50.
Check Out Our Latest Stock Analysis on CODI
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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