Compass Diversified Holdings (NYSE:CODI) Receives Average Recommendation of “Hold” from Analysts

Shares of Compass Diversified Holdings (NYSE:CODI) have been given an average recommendation of “Hold” by the six brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.75.

A number of brokerages have weighed in on CODI. Raymond James Financial initiated coverage on Compass Diversified in a report on Wednesday, March 11th. They set a “hold” rating for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th. CJS Securities upgraded Compass Diversified to an “outperform” rating in a report on Tuesday, January 27th. Wall Street Zen upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Compass Point set a $15.00 price objective on shares of Compass Diversified in a research report on Tuesday, January 27th.

Compass Diversified Stock Up 0.8%

Shares of NYSE CODI opened at $11.56 on Tuesday. Compass Diversified has a 52-week low of $4.58 and a 52-week high of $17.67. The company has a debt-to-equity ratio of 19.20, a quick ratio of 1.26 and a current ratio of 2.42. The company’s 50 day moving average price is $7.63 and its 200-day moving average price is $6.66. The company has a market capitalization of $869.40 million, a P/E ratio of -2.96 and a beta of 1.00.

Insider Transactions at Compass Diversified

In other Compass Diversified news, insider Stephen Keller purchased 30,000 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was acquired at an average price of $8.61 per share, for a total transaction of $258,300.00. Following the purchase, the insider owned 20,000 shares of the company’s stock, valued at $172,200. This trade represents a -300.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Compass Diversified

A number of institutional investors and hedge funds have recently bought and sold shares of CODI. Oak Family Advisors LLC purchased a new stake in shares of Compass Diversified in the first quarter valued at about $1,372,000. ARS Investment Partners LLC boosted its position in Compass Diversified by 257.6% during the first quarter. ARS Investment Partners LLC now owns 53,256 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 38,364 shares during the period. Alpine Global Management LLC purchased a new stake in Compass Diversified in the 4th quarter worth approximately $177,000. Invesco Ltd. grew its position in shares of Compass Diversified by 64.2% during the 4th quarter. Invesco Ltd. now owns 305,005 shares of the financial services provider’s stock valued at $1,464,000 after purchasing an additional 119,224 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Compass Diversified in the fourth quarter worth $227,000. 72.73% of the stock is owned by hedge funds and other institutional investors.

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.