Raymond James Financial Initiates Coverage on Compass Diversified (NYSE:CODI)

Equities researchers at Raymond James Financial assumed coverage on shares of Compass Diversified (NYSE:CODI) in a research note issued on Wednesday. The firm set a “market perform” rating on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on CODI. Weiss Ratings restated a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th. Compass Point set a $15.00 price objective on shares of Compass Diversified in a research report on Tuesday, January 27th. B. Riley Financial dropped 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 report on Tuesday, March 3rd. Zacks Research cut shares of Compass Diversified from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Finally, Wall Street Zen raised shares of Compass Diversified from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $11.50.

Compass Diversified Stock Down 1.7%

Shares of Compass Diversified stock traded down $0.11 on Wednesday, reaching $6.29. The stock had a trading volume of 68,063 shares, compared to its average volume of 1,374,419. Compass Diversified has a 1 year low of $4.58 and a 1 year high of $20.07. The company has a 50 day moving average price of $6.29 and a 200 day moving average price of $6.47. The company has a quick ratio of 1.26, a current ratio of 2.42 and a debt-to-equity ratio of 19.20. The stock has a market capitalization of $473.56 million, a P/E ratio of -1.62 and a beta of 1.04.

Compass Diversified (NYSE:CODI) last announced its earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share 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%. As a group, equities research analysts forecast that Compass Diversified will post 1.96 EPS for the current year.

Institutional Trading of Compass Diversified

A number of hedge funds have recently modified their holdings of CODI. Nomura Asset Management Co. Ltd. raised its position 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 worth $41,000 after acquiring an additional 1,471 shares during the period. RPO LLC acquired a new stake in shares of Compass Diversified in the fourth quarter valued at about $60,000. Geneos Wealth Management Inc. increased its stake in shares of 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 worth $62,000 after purchasing an additional 4,000 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of Compass Diversified during the third quarter worth about $70,000. Finally, Quantessence Capital LLC acquired a new position in shares of Compass Diversified during the 3rd quarter worth about $70,000. Hedge funds and other 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.