Compass Diversified (NYSE:CODI) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Compass Diversified Holdings (NYSE:CODI)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.20 and traded as high as $11.14. Compass Diversified shares last traded at $10.9780, with a volume of 416,378 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. TD Cowen restated a “buy” rating and issued a $12.50 price target on shares of Compass Diversified in a report on Thursday, July 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Diversified in a report on Friday, July 17th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Compass Diversified presently has a consensus rating of “Hold” and a consensus price target of $12.67.

Compass Diversified Stock Performance

The stock has a market capitalization of $825.94 million, a price-to-earnings ratio of -2.81 and a beta of 1.27. The company has a current ratio of 2.67, a quick ratio of 1.56 and a debt-to-equity ratio of 34.60. The stock’s 50 day moving average is $10.35 and its two-hundred day moving average is $9.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Essential Partners LLC boosted its position in Compass Diversified by 9,263.2% during the 1st quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 5,280 shares during the last quarter. RPO LLC bought a new position in shares of Compass Diversified in the 4th quarter valued at about $60,000. Geneos Wealth Management Inc. increased its position in shares of Compass Diversified by 68.6% in the second quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 4,000 shares during the last quarter. Focus Partners Wealth bought a new stake in Compass Diversified during the third quarter worth about $70,000. Finally, Quantessence Capital LLC acquired a new position in Compass Diversified during the third quarter valued at approximately $70,000. 72.73% of the stock is 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.