Brokerages Set Compass Diversified Holdings (NYSE:CODI) PT at $14.00

Compass Diversified Holdings (NYSE:CODI) has earned an average recommendation of “Reduce” from the five research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $11.50.

A number of brokerages have recently commented on CODI. Wall Street Zen upgraded Compass Diversified from a “sell” rating to a “hold” rating in a report on Saturday. Compass Point set a $15.00 price objective on shares of Compass Diversified in a research note on Tuesday, January 27th. CJS Securities raised shares of Compass Diversified to an “outperform” rating in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th. Finally, Zacks Research downgraded shares of Compass Diversified from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th.

Compass Diversified Stock Down 7.9%

Compass Diversified stock opened at $6.33 on Monday. The company has a debt-to-equity ratio of 19.20, a current ratio of 2.42 and a quick ratio of 1.26. Compass Diversified has a fifty-two week low of $4.58 and a fifty-two week high of $20.17. The firm has a fifty day moving average price of $6.23 and a two-hundred day moving average price of $6.49. The firm has a market cap of $476.27 million, a price-to-earnings ratio of -1.63 and a beta of 1.04.

Compass Diversified (NYSE:CODI) last issued its quarterly 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 negative net margin of 12.09% and a positive return on equity of 24.48%. As a group, analysts forecast that Compass Diversified will post 1.96 earnings per share for the current year.

Institutional Investors Weigh In On Compass Diversified

Several hedge funds have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. increased its stake in Compass Diversified by 29.0% during the second quarter. Nomura Asset Management Co. Ltd. now owns 6,548 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 1,471 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Compass Diversified by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock worth $740,000 after acquiring an additional 1,728 shares during the period. Rhumbline Advisers grew its holdings in shares of Compass Diversified by 2.0% during the 3rd quarter. Rhumbline Advisers now owns 95,717 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 1,874 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Compass Diversified by 8.8% during the third quarter. PNC Financial Services Group Inc. now owns 23,423 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 1,896 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Compass Diversified by 65.3% during the second 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 period. Institutional investors own 72.73% of the company’s stock.

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.