ValuEngine downgraded shares of Compass Diversified Holdings (NYSE:CODI) from a hold rating to a sell rating in a research report report published on Friday morning.

A number of other brokerages have also commented on CODI. BidaskClub upgraded Compass Diversified Holdings from a hold rating to a buy rating in a report on Wednesday, July 5th. Jefferies Group LLC restated a buy rating and issued a $20.00 price target on shares of Compass Diversified Holdings in a report on Friday, July 14th. Zacks Investment Research upgraded Compass Diversified Holdings from a sell rating to a hold rating in a report on Wednesday, June 7th. Finally, TheStreet upgraded Compass Diversified Holdings from a c+ rating to a b rating in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $19.25.

Shares of Compass Diversified Holdings (NYSE:CODI) traded down 0.57% on Friday, reaching $17.45. The company’s stock had a trading volume of 15,284 shares. Compass Diversified Holdings has a 1-year low of $15.90 and a 1-year high of $19.50. The company’s 50 day moving average is $17.27 and its 200-day moving average is $16.86. The stock has a market cap of $1.05 billion, a PE ratio of 112.58 and a beta of 0.57.

Compass Diversified Holdings (NYSE:CODI) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.90. The firm had revenue of $307.38 million during the quarter, compared to the consensus estimate of $302.86 million. Compass Diversified Holdings had a net margin of 2.20% and a return on equity of 6.42%. The business’s revenue for the quarter was up 43.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. On average, equities analysts predict that Compass Diversified Holdings will post $1.56 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 20th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.21%. The ex-dividend date was Tuesday, July 18th. Compass Diversified Holdings’s dividend payout ratio is currently -276.92%.

In related news, insider Alan B. Offenberg bought 60,000 shares of the stock in a transaction that occurred on Thursday, June 22nd. The shares were acquired at an average price of $16.84 per share, with a total value of $1,010,400.00. Following the completion of the transaction, the insider now owns 500,852 shares in the company, valued at $8,434,347.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Bottiglieri bought 3,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average cost of $16.24 per share, for a total transaction of $48,720.00. Following the transaction, the insider now owns 45,462 shares of the company’s stock, valued at approximately $738,302.88. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 93,000 shares of company stock worth $1,543,320. 2.40% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in CODI. Janney Montgomery Scott LLC increased its position in shares of Compass Diversified Holdings by 1.9% in the first quarter. Janney Montgomery Scott LLC now owns 165,849 shares of the financial services provider’s stock worth $2,753,000 after buying an additional 3,070 shares during the period. IFP Advisors Inc increased its position in shares of Compass Diversified Holdings by 21.2% in the first quarter. IFP Advisors Inc now owns 6,558 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,145 shares during the period. North Star Investment Management Corp. increased its position in shares of Compass Diversified Holdings by 261.2% in the first quarter. North Star Investment Management Corp. now owns 35,125 shares of the financial services provider’s stock worth $583,000 after buying an additional 25,400 shares during the period. Searle & CO. acquired a new position in shares of Compass Diversified Holdings during the first quarter worth $361,000. Finally, American Century Companies Inc. increased its position in shares of Compass Diversified Holdings by 18.1% in the first quarter. American Century Companies Inc. now owns 2,029,803 shares of the financial services provider’s stock worth $33,695,000 after buying an additional 311,075 shares during the period. 37.06% of the stock is currently owned by hedge funds and other institutional investors.

About Compass Diversified Holdings

Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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