Compass Diversified Holdings (NYSE:CODI) Stock Has Consensus Target Price of $16.50 According to Analysts

Shares of Compass Diversified Holdings (NYSE:CODI) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $17.00.

Several equities research analysts have commented on CODI shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Compass Diversified in a research report on Thursday. Compass Point set a $17.00 price objective on Compass Diversified in a report on Tuesday. TD Cowen raised their price objective on Compass Diversified from $12.50 to $18.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. LADENBURG THALM/SH SH assumed coverage on Compass Diversified in a research report on Tuesday, October 13th. They issued a “buy” rating and a $17.00 target price on the stock. Finally, UBS Group set a $18.00 target price on Compass Diversified in a report on Tuesday, August 11th.

Insider Activity

In related news, insider Eugene Kim purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of $11.47 per share, for a total transaction of $229,400.00. Following the completion of the purchase, the insider directly owned 20,000 shares in the company, valued at $229,400. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Larry Enterline purchased 67,114 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $12.42 per share, with a total value of $833,555.88. Following the completion of the purchase, the insider owned 100,000 shares of the company’s stock, valued at approximately $1,242,000. This represents a 204.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 140,995 shares of company stock valued at $1,715,498. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Compass Diversified

A number of large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in shares of Compass Diversified in the 2nd quarter valued at about $48,000. Essential Partners LLC increased its stake in shares of Compass Diversified by 9,263.2% during the 1st quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 5,280 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Compass Diversified in the 1st quarter valued at about $222,000. Alpine Global Management LLC bought a new stake in shares of Compass Diversified in the 4th quarter valued at about $177,000. Finally, ARS Investment Partners LLC raised its holdings in shares of Compass Diversified by 257.6% in the 1st quarter. ARS Investment Partners LLC now owns 53,256 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 38,364 shares during the period. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Price Performance

NYSE CODI opened at $10.07 on Tuesday. The firm’s 50 day moving average is $11.32 and its 200-day moving average is $10.87. The company has a quick ratio of 1.10, a current ratio of 2.26 and a debt-to-equity ratio of 11.90. The company has a market capitalization of $757.33 million, a PE ratio of -4.64 and a beta of 1.30. Compass Diversified has a 12-month low of $4.58 and a 12-month high of $13.25.

Compass Diversified (NYSE:CODI) last announced its earnings results on Monday, August 10th. The financial services provider reported ($0.09) EPS for the quarter. The business 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%. Equities research analysts anticipate that Compass Diversified will post 0.08 earnings per share for the current fiscal year.

About Compass Diversified

Compass Diversified (NYSE: CODI) is a holding company that acquires and manages a diverse portfolio of middle-market businesses. The company provides long-term capital and operational support to businesses with established brands, differentiated products and opportunities for continued growth, generally seeking to hold its subsidiaries for extended periods rather than operate as a short-term investment vehicle.

Its portfolio has included companies in branded consumer products and niche industrial markets.