Compass Diversified Holdings (NYSE:CODI) Given Average Rating of “Hold” by Analysts

Shares of Compass Diversified Holdings (NYSE:CODI) have received an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $11.50.

CODI has been the subject of several recent analyst reports. Wall Street Zen upgraded Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Compass Diversified in a research report on Friday, December 26th. CJS Securities raised Compass Diversified to an “outperform” rating in a research report on Tuesday, January 27th. Compass Point set a $15.00 price objective on shares of Compass Diversified in a research note on Tuesday, January 27th. Finally, Zacks Research raised shares of Compass Diversified from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th.

Compass Diversified Price Performance

NYSE CODI opened at $8.63 on Friday. Compass Diversified has a fifty-two week low of $4.58 and a fifty-two week high of $18.05. The stock’s 50-day moving average is $6.78 and its two-hundred day moving average is $6.41. The firm has a market cap of $649.47 million, a P/E ratio of -2.22 and a beta of 1.00. 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 (NYSE:CODI) last released 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). On average, analysts anticipate that Compass Diversified will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. RPO LLC acquired a new position in Compass Diversified in the 4th quarter valued at approximately $60,000. Geneos Wealth Management Inc. boosted its stake 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 worth $62,000 after buying an additional 4,000 shares in the last quarter. Focus Partners Wealth acquired a new stake in Compass Diversified during the third quarter worth $70,000. Quantessence Capital LLC bought a new stake in Compass Diversified in the 3rd quarter valued at $70,000. Finally, Voleon Capital Management LP acquired a new position in shares of Compass Diversified in the 2nd quarter valued at $77,000. 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.