Compass Diversified Holdings (NYSE:CODI) Receives $16.50 Average Price Target from Brokerages

Shares of Compass Diversified Holdings (NYSE:CODIGet Free Report) have received an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $16.50.

CODI has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating in a report on Saturday. B. Riley Financial upgraded Compass Diversified from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $11.00 to $15.00 in a research note on Tuesday, August 11th. TD Cowen upped their price target on Compass Diversified from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Diversified in a research report on Friday, July 17th. Finally, UBS Group set a $18.00 price objective on Compass Diversified in a report on Tuesday, August 11th.

Check Out Our Latest Stock Analysis on Compass Diversified

Insider Activity

In related news, insider Stephen Keller acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average cost of $12.01 per share, with a total value of $120,100.00. Following the completion of the acquisition, the insider directly owned 51,840 shares of the company’s stock, valued at approximately $622,598.40. This trade represents a 23.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Teri Shaffer acquired 11,881 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were bought at an average price of $12.25 per share, for a total transaction of $145,542.25. Following the transaction, the insider owned 13,201 shares of the company’s stock, valued at $161,712.25. This trade represents a 900.08% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 140,995 shares of company stock worth $1,715,498. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Compass Diversified

Hedge funds have recently added to or reduced their stakes in the stock. Essential Partners LLC grew its holdings in shares of Compass Diversified by 9,263.2% in the first quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 5,280 shares during the period. RPO LLC bought a new position in Compass Diversified in the fourth quarter valued at about $60,000. Geneos Wealth Management Inc. boosted its position in Compass Diversified by 68.6% in the second quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 4,000 shares during the last quarter. Focus Partners Wealth purchased a new position in Compass Diversified in the third quarter worth about $70,000. Finally, Quantessence Capital LLC bought a new stake in shares of Compass Diversified during the 3rd quarter valued at about $70,000. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Compass Diversified Stock Up 0.3%

Shares of CODI opened at $11.48 on Monday. The company has a debt-to-equity ratio of 11.90, a current ratio of 2.26 and a quick ratio of 1.10. Compass Diversified has a 1 year low of $4.58 and a 1 year high of $13.25. The stock has a 50 day simple moving average of $10.75 and a two-hundred day simple moving average of $9.81. The firm has a market cap of $863.76 million, a P/E ratio of -5.29 and a beta of 1.27.

Compass Diversified (NYSE:CODIGet Free Report) last posted its quarterly earnings results on Monday, August 10th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $424.04 million for the quarter. Compass Diversified had a negative return on equity of 10.36% and a negative net margin of 5.38%. On average, analysts forecast that Compass Diversified will post 0.11 earnings per share for the current fiscal year.

About Compass Diversified

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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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Analyst Recommendations for Compass Diversified (NYSE:CODI)

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