Compass Diversified (NYSE:CODI) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday, ValuEngine reports.

Several other research firms have also weighed in on CODI. Zacks Investment Research upgraded shares of Compass Diversified from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research note on Monday, August 3rd. Roth Capital reiterated a “buy” rating and issued a $20.00 price objective on shares of Compass Diversified in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Compass Diversified presently has a consensus rating of “Buy” and a consensus target price of $20.00.

CODI stock opened at $18.36 on Friday. Compass Diversified has a 52-week low of $10.78 and a 52-week high of $26.37. The company’s 50 day simple moving average is $17.90 and its 200-day simple moving average is $17.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.24 and a quick ratio of 1.87. The firm has a market capitalization of $1.19 billion, a P/E ratio of -8.78 and a beta of 1.76.

Compass Diversified (NYSE:CODI) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.15. The firm had revenue of $333.63 million for the quarter, compared to analyst estimates of $281.17 million. Compass Diversified had a negative net margin of 4.52% and a positive return on equity of 10.53%. Sell-side analysts predict that Compass Diversified will post 1.12 EPS for the current fiscal year.

In other news, insider Elias Sabo acquired 21,666 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average cost of $16.38 per share, with a total value of $354,889.08. Following the acquisition, the insider now owns 585,549 shares in the company, valued at $9,591,292.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gordon M. Burns acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The shares were purchased at an average cost of $23.99 per share, with a total value of $119,950.00. The disclosure for this purchase can be found here. Insiders acquired 52,631 shares of company stock valued at $935,976 over the last three months. Insiders own 2.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CODI. Ropes Wealth Advisors LLC bought a new stake in shares of Compass Diversified during the 2nd quarter worth $31,000. Bogart Wealth LLC bought a new stake in shares of Compass Diversified during the 2nd quarter worth $34,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Compass Diversified by 102.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,161 shares of the financial services provider’s stock worth $37,000 after buying an additional 1,095 shares during the period. Synovus Financial Corp boosted its holdings in shares of Compass Diversified by 269.9% during the 2nd quarter. Synovus Financial Corp now owns 2,589 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,889 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its holdings in shares of Compass Diversified by 77.1% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,702 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,176 shares during the period. 30.26% of the stock is owned by institutional investors and hedge funds.

Compass Diversified Company Profile

Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, safety & security, electronic components, food, foodservice.

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