Compass Diversified (NYSE:CODI) Upgraded by Zacks Research to Hold Rating

Compass Diversified (NYSE:CODI) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts also recently issued reports on CODI. Raymond James Financial started coverage on Compass Diversified in a report on Wednesday, March 11th. They issued a “hold” rating on the stock. Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th. Compass Point set a $15.00 price target on shares of Compass Diversified in a report on Tuesday, January 27th. Finally, CJS Securities upgraded shares of Compass Diversified to an “outperform” rating in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.50.

Compass Diversified Price Performance

Shares of NYSE:CODI opened at $5.81 on Monday. The company has a market cap of $436.77 million, a PE ratio of -1.50 and a beta of 1.04. Compass Diversified has a fifty-two week low of $4.58 and a fifty-two week high of $20.07. The firm has a 50-day simple moving average of $6.44 and a 200 day simple moving average of $6.42. The company has a quick ratio of 1.26, a current ratio of 2.42 and a debt-to-equity ratio of 19.20.

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 analysts’ consensus estimates 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 anticipate that Compass Diversified will post 1.96 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. lifted its holdings in Compass Diversified by 29.0% in the second 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Compass Diversified by 4.6% during 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 buying an additional 1,728 shares in the last quarter. Rhumbline Advisers raised its position 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 buying an additional 1,874 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Compass Diversified by 8.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 23,423 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,896 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Compass Diversified by 1.8% in the 3rd quarter. Sei Investments Co. now owns 115,570 shares of the financial services provider’s stock worth $765,000 after acquiring an additional 2,022 shares during the period. 72.73% of the stock is owned by institutional investors and hedge funds.

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.