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

Compass Diversified Holdings (NYSE:CODI) has been assigned an average recommendation of “Hold” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $26.00.

CODI has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Compass Diversified from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Compass Diversified in a report on Wednesday, October 8th.

Hedge Funds Weigh In On Compass Diversified

A number of hedge funds have recently added to or reduced their stakes in CODI. Nisa Investment Advisors LLC raised its holdings in shares of Compass Diversified by 65.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,043 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 1,992 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Compass Diversified by 29.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 6,548 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,471 shares during the last quarter. State of Wyoming bought a new stake in shares of Compass Diversified during the 1st quarter worth $51,000. Geneos Wealth Management Inc. boosted its holdings in Compass Diversified by 68.6% during the second quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 4,000 shares during the period. Finally, Focus Partners Wealth bought a new position in Compass Diversified in the 3rd quarter worth approximately $70,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Trading Up 13.3%

NYSE:CODI opened at $6.04 on Friday. The firm has a market cap of $454.43 million, a price-to-earnings ratio of -4.72 and a beta of 1.06. Compass Diversified has a twelve month low of $5.30 and a twelve month high of $24.32. The company has a 50-day moving average of $6.80 and a 200-day moving average of $6.99.

About Compass Diversified

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