Compass Diversified (NYSE:CODI) Trading Up 9.8% – Still a Buy?

Compass Diversified Holdings (NYSE:CODI) rose 9.8% on Tuesday . The stock traded as high as $6.61 and last traded at $6.6950. Approximately 324,239 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 1,321,137 shares. The stock had previously closed at $6.10.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. B. Riley Financial lowered their price objective on Compass Diversified from $13.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. CJS Securities upgraded Compass Diversified to an “outperform” rating in a report on Tuesday, January 27th. Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings restated a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th. Finally, Raymond James Financial assumed coverage on shares of Compass Diversified in a report on Wednesday, March 11th. They set a “hold” rating on the stock. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Compass Diversified presently has an average rating of “Hold” and a consensus target price of $11.50.

Compass Diversified Stock Up 8.8%

The stock has a fifty day moving average of $6.47 and a 200 day moving average of $6.38. The company has a debt-to-equity ratio of 19.20, a current ratio of 2.42 and a quick ratio of 1.26. The firm has a market capitalization of $499.19 million, a P/E ratio of -1.71 and a beta of 1.04.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.59). Compass Diversified had a negative net margin of 12.09% and a positive return on equity of 24.48%. On average, research analysts anticipate that Compass Diversified Holdings will post 1.96 EPS for the current fiscal year.

Institutional Trading of Compass Diversified

Large investors have recently added to or reduced their stakes in the stock. Alpine Global Management LLC purchased a new position in Compass Diversified in the fourth quarter valued at about $177,000. Invesco Ltd. increased its stake in shares of Compass Diversified by 64.2% during the 4th quarter. Invesco Ltd. now owns 305,005 shares of the financial services provider’s stock worth $1,464,000 after purchasing an additional 119,224 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Compass Diversified in the 4th quarter worth approximately $227,000. Tudor Investment Corp ET AL lifted its stake in Compass Diversified by 3.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 458,624 shares of the financial services provider’s stock valued at $2,201,000 after purchasing an additional 16,266 shares during the last quarter. Finally, Saba Capital Management L.P. lifted its stake in Compass Diversified by 36.0% in the fourth quarter. Saba Capital Management L.P. now owns 409,259 shares of the financial services provider’s stock valued at $1,964,000 after purchasing an additional 108,327 shares during the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

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.