Compass Diversified Holdings (NYSE:CODI) Receives $12.75 Consensus Price Target from Analysts

Shares of Compass Diversified Holdings (NYSE:CODI) have been given an average rating of “Hold” by the five research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $12.75.

Several research analysts have recently issued reports on the company. Raymond James Financial assumed coverage on Compass Diversified in a research note on Wednesday, March 11th. They issued a “hold” rating for the company. Weiss Ratings raised Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. B. Riley Financial raised their target price on Compass Diversified from $8.00 to $10.50 and gave the company a “neutral” rating in a research note on Tuesday, April 7th. Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Zacks Research raised Compass Diversified from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th.

Insiders Place Their Bets

In other news, insider Stephen Keller bought 30,000 shares of the firm’s stock in a transaction that occurred 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 completion of the purchase, the insider directly owned 20,000 shares of the company’s stock, valued at $172,200. This represents a -300.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Compass Diversified

Hedge funds and other institutional investors have recently modified their holdings of the stock. Essential Partners LLC boosted its position in shares of Compass Diversified by 9,263.2% in the 1st quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 5,280 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Compass Diversified by 68.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 4,000 shares during the period. Focus Partners Wealth acquired a new position in shares of Compass Diversified in the 3rd quarter valued at $70,000. Quantessence Capital LLC acquired a new position in shares of Compass Diversified in the 3rd quarter valued at $70,000. Finally, Diversify Wealth Management LLC acquired a new position in shares of Compass Diversified in the 2nd quarter valued at $81,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Price Performance

Shares of NYSE CODI opened at $10.13 on Wednesday. Compass Diversified has a 1-year low of $4.58 and a 1-year high of $12.64. The company has a debt-to-equity ratio of 34.60, a current ratio of 2.67 and a quick ratio of 1.56. The business’s fifty day moving average price is $11.12 and its two-hundred day moving average price is $7.94. The firm has a market capitalization of $762.37 million, a PE ratio of -2.59 and a beta of 1.26.

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.