Compass Diversified (NYSE:CODI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Compass Diversified (NYSE:CODI) from a sell rating to a hold rating in a research report report published on Saturday morning.

A number of other research analysts have also weighed in on the company. Compass Point set a $15.00 price objective on Compass Diversified in a report on Tuesday, January 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Compass Diversified in a research report on Friday, December 26th. Zacks Research lowered shares of Compass Diversified from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. CJS Securities raised shares of Compass Diversified to an “outperform” rating in a research note on Tuesday, January 27th. Finally, B. Riley Financial decreased their target price on shares of Compass Diversified from $13.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $11.50.

Compass Diversified Trading Up 1.9%

Shares of Compass Diversified stock opened at $6.45 on Friday. The company has a current ratio of 2.42, a quick ratio of 1.26 and a debt-to-equity ratio of 19.20. Compass Diversified has a twelve month low of $4.58 and a twelve month high of $20.07. The firm has a market capitalization of $485.37 million, a PE ratio of -1.66 and a beta of 1.04. The firm’s 50-day moving average price is $6.26 and its 200 day moving average price is $6.48.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported ($0.98) 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 12.09%. On average, sell-side analysts predict that Compass Diversified will post 1.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Compass Diversified

Several hedge funds and other institutional investors have recently bought and sold shares of CODI. Alpine Global Management LLC purchased a new position in Compass Diversified during the fourth quarter worth about $177,000. Invesco Ltd. grew its stake in shares of Compass Diversified by 64.2% in the 4th quarter. Invesco Ltd. now owns 305,005 shares of the financial services provider’s stock valued at $1,464,000 after buying an additional 119,224 shares during the period. XTX Topco Ltd purchased a new stake in shares of Compass Diversified in the 4th quarter valued at approximately $227,000. Tudor Investment Corp ET AL increased its holdings in shares of Compass Diversified by 3.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 458,624 shares of the financial services provider’s stock worth $2,201,000 after buying an additional 16,266 shares during the last quarter. Finally, Saba Capital Management L.P. increased its holdings in shares of Compass Diversified by 36.0% during the 4th quarter. Saba Capital Management L.P. now owns 409,259 shares of the financial services provider’s stock worth $1,964,000 after buying an additional 108,327 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

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.