Wall Street Zen Upgrades Compass Diversified (NYSE:CODI) to “Hold”

Compass Diversified (NYSE:CODI) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other brokerages also recently weighed in on CODI. TD Cowen lifted their price objective on shares of Compass Diversified from $12.50 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. UBS Group set a $18.00 price target on shares of Compass Diversified in a research note on Tuesday, August 11th. B. Riley Financial raised Compass Diversified from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.00 to $15.00 in a report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Diversified in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.50.

Compass Diversified Trading Up 0.3%

NYSE:CODI opened at $11.48 on Friday. Compass Diversified has a 12-month low of $4.58 and a 12-month high of $13.25. The firm has a market capitalization of $863.76 million, a P/E ratio of -5.29 and a beta of 1.27. The company has a debt-to-equity ratio of 11.90, a current ratio of 2.26 and a quick ratio of 1.10. The business has a 50 day simple moving average of $10.75 and a 200 day simple moving average of $9.81.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.09) 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%. Equities research analysts predict that Compass Diversified will post 0.11 EPS for the current year.

Insider Activity

In other news, insider Eugene L. Kim bought 20,000 shares of the business’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 transaction, the insider directly owned 20,000 shares of the company’s stock, valued at approximately $229,400. This trade represents a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Teri Shaffer purchased 11,881 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost of $12.25 per share, with a total value of $145,542.25. Following the completion of the purchase, the insider owned 13,201 shares in the company, valued at $161,712.25. This represents a 900.08% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 140,995 shares of company stock valued at $1,715,498 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. SG Capital Management LLC bought a new position in shares of Compass Diversified during the 4th quarter valued at about $7,626,000. CenterBook Partners LP acquired a new stake in Compass Diversified during the fourth quarter valued at approximately $6,597,000. Western Standard LLC acquired a new stake in Compass Diversified during the fourth quarter valued at approximately $5,592,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Compass Diversified during the fourth quarter worth approximately $4,099,000. Finally, Jacobs Levy Equity Management Inc. grew its position in Compass Diversified by 75.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,966,408 shares of the financial services provider’s stock worth $9,439,000 after buying an additional 843,965 shares during the last quarter. 72.73% of the stock is owned by institutional investors and hedge funds.

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.