Compass Diversified (NYSE:CODI) Given New $10.50 Price Target at B. Riley Financial

Compass Diversified (NYSE:CODI) had its price objective hoisted by equities researchers at B. Riley Financial from $8.00 to $10.50 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. B. Riley Financial’s price target suggests a potential upside of 7.80% from the company’s previous close.

A number of other analysts have also issued reports on CODI. Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Compass Point set a $15.00 price target on Compass Diversified in a research report on Tuesday, January 27th. Raymond James Financial began coverage on Compass Diversified in a report on Wednesday, March 11th. They issued a “hold” rating on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Compass Diversified in a report on Friday, December 26th. Finally, CJS Securities upgraded shares of Compass Diversified to an “outperform” rating in a research note 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 stock. According to MarketBeat.com, Compass Diversified has an average rating of “Hold” and an average price target of $12.75.

Compass Diversified Trading Up 2.0%

CODI stock traded up $0.19 during mid-day trading on Tuesday, hitting $9.74. 676,773 shares of the company were exchanged, compared to its average volume of 1,368,827. 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 firm has a market capitalization of $732.84 million, a P/E ratio of -2.51 and a beta of 1.00. The business has a fifty day simple moving average of $6.89 and a 200-day simple moving average of $6.42. Compass Diversified has a 12-month low of $4.58 and a 12-month high of $17.70.

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 analysts’ consensus estimates of $0.61 by ($1.59). On average, equities research analysts predict that Compass Diversified will post 1.96 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Stephen Keller bought 30,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was purchased at an average cost of $8.61 per share, for a total transaction of $258,300.00. Following the completion of the acquisition, the insider owned 20,000 shares in the company, valued at approximately $172,200. This trade represents a -300.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Compass Diversified

A number of hedge funds have recently bought and sold shares of CODI. 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 buying an additional 4,000 shares during the period. Focus Partners Wealth acquired a new stake in shares of Compass Diversified in the 3rd quarter valued at $70,000. Quantessence Capital LLC acquired a new stake in shares of Compass Diversified in the 3rd quarter valued at $70,000. Diversify Wealth Management LLC purchased a new stake in shares of Compass Diversified during the 2nd quarter worth $81,000. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Compass Diversified during the third quarter worth $81,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

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.