Compass Diversified (NYSE:CODI) Stock Price Up 7% – Still a Buy?

Compass Diversified Holdings (NYSE:CODI) shares traded up 7% during mid-day trading on Tuesday . The company traded as high as $7.04 and last traded at $6.8370. 529,549 shares traded hands during trading, a decline of 59% from the average session volume of 1,290,765 shares. The stock had previously closed at $6.39.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CODI shares. B. Riley Financial cut their price objective on shares of Compass Diversified from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Zacks Research downgraded Compass Diversified from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Wall Street Zen cut Compass Diversified from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Compass Point set a $15.00 target price on Compass Diversified in a research note on Tuesday, January 27th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Compass Diversified in a report on Friday, December 26th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.00.

Compass Diversified Trading Up 5.3%

The business has a 50-day moving average price of $5.67 and a 200-day moving average price of $6.46. The stock has a market cap of $542.48 million, a PE ratio of -2.63 and a beta of 1.09.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings results 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). The company had revenue of $472.56 million during the quarter, compared to analysts’ expectations of $497.19 million. Compass Diversified had a positive return on equity of 24.48% and a negative net margin of 7.08%. Equities analysts expect that Compass Diversified Holdings will post 1.96 earnings per share for the current year.

Institutional Investors Weigh In On Compass Diversified

Institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its holdings in shares of Compass Diversified by 467.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 86,609 shares of the financial services provider’s stock worth $544,000 after purchasing an additional 71,355 shares during the last quarter. AlphaQuest LLC lifted its position in Compass Diversified by 345.3% during the second quarter. AlphaQuest LLC now owns 71,035 shares of the financial services provider’s stock worth $446,000 after buying an additional 55,084 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in Compass Diversified by 808.2% during the second quarter. Y Intercept Hong Kong Ltd now owns 377,880 shares of the financial services provider’s stock worth $2,373,000 after buying an additional 336,271 shares in the last quarter. SG Americas Securities LLC boosted its stake in Compass Diversified by 279.4% during the second quarter. SG Americas Securities LLC now owns 54,155 shares of the financial services provider’s stock worth $340,000 after buying an additional 39,880 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in Compass Diversified by 2,825.7% in the 2nd quarter. Allworth Financial LP now owns 29,257 shares of the financial services provider’s stock valued at $184,000 after buying an additional 28,257 shares in 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.