Compass Diversified (NYSE:CODI) Stock Picked Up by Analysts at LADENBURG THALM/SH SH

Stock analysts at LADENBURG THALM/SH SH initiated coverage on shares of Compass Diversified (NYSE:CODI) in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $17.00 price target on the financial services provider’s stock. LADENBURG THALM/SH SH’s price objective suggests a potential upside of 57.77% from the stock’s previous close.

CODI has been the subject of a number of other reports. Compass Point set a $17.00 target price on shares of Compass Diversified in a report on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of Compass Diversified in a research report on Friday, July 17th. B. Riley Financial raised shares of Compass Diversified from a “neutral” rating to a “buy” rating and upped their price target for the company from $11.00 to $15.00 in a research note on Tuesday, August 11th. UBS Group set a $18.00 price objective on shares of Compass Diversified in a research report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Four 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.00.

Compass Diversified Stock Performance

NYSE CODI opened at $10.78 on Tuesday. The stock has a market capitalization of $810.71 million, a PE ratio of -4.97 and a beta of 1.30. The business has a 50 day simple moving average of $11.34 and a two-hundred day simple moving average of $10.78. 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.

Compass Diversified (NYSE:CODI) last released its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $424.04 million during the quarter. Compass Diversified had a negative return on equity of 10.36% and a negative net margin of 5.38%. On average, research analysts predict that Compass Diversified will post 0.13 EPS for the current fiscal year.

Insider Activity at Compass Diversified

In other news, insider Stephen Keller acquired 10,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average cost of $12.01 per share, with a total value of $120,100.00. Following the completion of the purchase, the insider directly owned 51,840 shares of the company’s stock, valued at $622,598.40. This represents a 23.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Zachary T. Sawtelle acquired 7,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $12.45 per share, for a total transaction of $87,150.00. Following the transaction, the insider directly owned 63,588 shares of the company’s stock, valued at approximately $791,670.60. The trade was a 12.37% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 140,995 shares of company stock worth $1,715,498 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Compass Diversified

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Compass Diversified during the 2nd quarter worth about $1,424,000. Renaissance Technologies LLC bought a new position in Compass Diversified during the 1st quarter valued at about $736,000. Bank of America Corp DE raised its position in Compass Diversified by 77.4% in the 1st quarter. Bank of America Corp DE now owns 1,306,527 shares of the financial services provider’s stock worth $10,269,000 after purchasing an additional 570,003 shares during the period. Sei Investments Co. raised its position in Compass Diversified by 69.6% in the 1st quarter. Sei Investments Co. now owns 286,033 shares of the financial services provider’s stock worth $2,248,000 after purchasing an additional 117,423 shares during the period. Finally, Oak Family Advisors LLC bought a new stake in Compass Diversified in the first quarter worth about $1,372,000. Institutional investors own 72.73% of the company’s stock.

Compass Diversified Company Profile

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.