Compass Diversified (NYSE:CODI) Stock Crosses Above 200 Day Moving Average – Here’s Why

Compass Diversified Holdings (NYSE:CODI)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.45 and traded as high as $6.53. Compass Diversified shares last traded at $6.4230, with a volume of 1,288,638 shares trading hands.

Wall Street Analyst Weigh In

CODI has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th. B. Riley Financial decreased their target price on Compass Diversified from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, January 21st. Zacks Research cut shares of Compass Diversified from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Wall Street Zen lowered shares of Compass Diversified from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Finally, CJS Securities raised shares of Compass Diversified to an “outperform” rating in a research report on Tuesday, January 27th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.00.

Compass Diversified Price Performance

The firm has a fifty day moving average of $5.59 and a two-hundred day moving average of $6.45. The stock has a market capitalization of $483.27 million, a P/E ratio of -2.34 and a beta of 1.09.

Compass Diversified (NYSE:CODI) last issued its earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($1.59). Compass Diversified had a positive return on equity of 24.48% and a negative net margin of 7.08%.The business had revenue of $472.56 million for the quarter, compared to the consensus estimate of $497.19 million. As a group, sell-side analysts forecast that Compass Diversified Holdings will post 1.96 EPS for the current fiscal year.

Institutional Trading of Compass Diversified

Several hedge funds have recently modified their holdings of CODI. Nisa Investment Advisors LLC lifted its holdings in shares of Compass Diversified by 65.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,043 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 1,992 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Compass Diversified by 29.0% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 6,548 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,471 shares during the period. Geneos Wealth Management Inc. raised its position in Compass Diversified by 68.6% during the second quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 4,000 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of Compass Diversified during the 3rd quarter valued at approximately $70,000. Finally, Quantessence Capital LLC acquired a new position in shares of Compass Diversified in the third quarter worth about $70,000. 72.73% of the stock is owned by hedge funds and other institutional investors.

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.