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

Shares of Compass Diversified Holdings (NYSE:CODI) have received a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $12.75.

A number of analysts have commented on CODI shares. B. Riley Financial lifted their target price on Compass Diversified from $8.00 to $10.50 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Compass Point set a $15.00 target price on Compass Diversified in a report on Tuesday, January 27th. CJS Securities raised Compass Diversified to an “outperform” rating in a report on Tuesday, January 27th. Zacks Research raised Compass Diversified from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Finally, Raymond James Financial started coverage on Compass Diversified in a report on Wednesday, March 11th. They issued a “hold” rating for the company.

Compass Diversified Stock Down 1.0%

Compass Diversified stock opened at $11.94 on Friday. The firm has a market cap of $898.67 million, a price-to-earnings ratio of -3.05 and a beta of 1.29. The stock has a fifty day simple moving average of $9.20 and a two-hundred day simple moving average of $7.17. Compass Diversified has a 12 month low of $4.58 and a 12 month high of $12.64. The company has a current ratio of 2.67, a quick ratio of 1.56 and a debt-to-equity ratio of 34.60.

Insider Activity at Compass Diversified

In other Compass Diversified news, insider Stephen Keller bought 30,000 shares of Compass Diversified stock in a transaction on Monday, April 6th. The stock was acquired at an average price of $8.61 per share, with a total value of $258,300.00. Following the acquisition, the insider owned 20,000 shares in the company, valued at approximately $172,200. This trade represents a -300.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Compass Diversified

A number of institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in shares of Compass Diversified in the 1st quarter worth $736,000. Public Employees Retirement System of Ohio boosted its stake in shares of Compass Diversified by 0.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 133,659 shares of the financial services provider’s stock worth $1,051,000 after buying an additional 1,128 shares during the last quarter. Sei Investments Co. boosted its stake in shares of 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 buying an additional 117,423 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of Compass Diversified by 13.9% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 364,022 shares of the financial services provider’s stock worth $2,861,000 after buying an additional 44,528 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its stake in shares of Compass Diversified by 20,678.0% in the 1st quarter. North Star Investment Management Corp. now owns 61,295 shares of the financial services provider’s stock worth $482,000 after buying an additional 61,000 shares during the last quarter. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

About Compass Diversified

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.