Compass Diversified Holdings (NYSE:CODI) Stock Has Consensus Price Target of $16.50

Compass Diversified Holdings (NYSE:CODI) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $17.00.

A number of research firms have weighed in on CODI. Compass Point set a $17.00 price objective on shares of Compass Diversified in a research note on Tuesday, October 13th. Wall Street Zen upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. B. Riley Financial upgraded shares of Compass Diversified from a “neutral” rating to a “buy” rating and increased their price target for the company from $11.00 to $15.00 in a report on Tuesday, August 11th. UBS Group set a $18.00 price target on shares of Compass Diversified in a research report on Tuesday, August 11th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Compass Diversified in a report on Tuesday, October 13th. They issued a “buy” rating and a $17.00 price objective for the company.

Compass Diversified Price Performance

NYSE CODI opened at $10.05 on Tuesday. Compass Diversified has a 12 month low of $4.58 and a 12 month high of $13.25. The company has a debt-to-equity ratio of 11.90, a current ratio of 2.26 and a quick ratio of 1.10. The stock’s fifty day moving average price is $11.30 and its 200-day moving average price is $10.90.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings results on Monday, August 10th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $424.04 million during the quarter. Compass Diversified had a negative return on equity of 10.36% and a negative net margin of 5.38%. On average, sell-side analysts expect that Compass Diversified will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified news, insider Zachary Sawtelle bought 7,000 shares of Compass Diversified stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $12.45 per share, with a total value of $87,150.00. Following the acquisition, the insider owned 63,588 shares in the company, valued at approximately $791,670.60. This trade represents a 12.37% 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. Also, insider Larry Enterline bought 67,114 shares of Compass Diversified stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of $12.42 per share, with a total value of $833,555.88. Following the acquisition, the insider owned 100,000 shares in the company, valued at approximately $1,242,000. This represents a 204.08% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 140,995 shares of company stock worth $1,715,498. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Compass Diversified

Several institutional investors have recently modified their holdings of CODI. Public Employees Retirement System of Ohio boosted its position in Compass Diversified by 0.9% during the first quarter. Public Employees Retirement System of Ohio now owns 133,659 shares of the financial services provider’s stock valued at $1,051,000 after purchasing an additional 1,128 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Compass Diversified in the second quarter valued at about $48,000. Essential Partners LLC raised its holdings in Compass Diversified by 9,263.2% in the first quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 5,280 shares in the last quarter. Saba Capital Management L.P. raised its holdings in Compass Diversified by 4.9% in the first quarter. Saba Capital Management L.P. now owns 429,259 shares of the financial services provider’s stock worth $3,374,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Compass Diversified by 44.7% in the first quarter. Janney Montgomery Scott LLC now owns 76,593 shares of the financial services provider’s stock worth $602,000 after purchasing an additional 23,676 shares in the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

About Compass Diversified

Compass Diversified (NYSE: CODI) is a holding company that acquires and manages a diverse portfolio of middle-market businesses. The company provides long-term capital and operational support to businesses with established brands, differentiated products and opportunities for continued growth, generally seeking to hold its subsidiaries for extended periods rather than operate as a short-term investment vehicle.

Its portfolio has included companies in branded consumer products and niche industrial markets.