Compass Diversified (NYSE:CODI) Research Coverage Started at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH assumed coverage on shares of Compass Diversified (NYSE:CODI) in a report published on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $17.00 target price on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. UBS Group set a $18.00 price objective on shares of Compass Diversified in a research note on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Diversified in a research report on Friday, July 17th. Compass Point set a $17.00 target price on shares of Compass Diversified in a research report on Tuesday. Wall Street Zen raised shares of Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, B. Riley Financial upgraded shares of Compass Diversified from a “neutral” rating to a “buy” rating and upped their price target for the company from $11.00 to $15.00 in a research report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.00.

Compass Diversified Trading Down 0.3%

Shares of NYSE:CODI opened at $10.63 on Tuesday. The company’s fifty day moving average price is $11.34 and its 200-day moving average price is $10.87. Compass Diversified has a one year low of $4.58 and a one year high of $13.25. The company has a debt-to-equity ratio of 11.90, a current ratio of 2.26 and a quick ratio of 1.10.

Compass Diversified (NYSE:CODI) last released its earnings results on Monday, August 10th. The financial services provider reported ($0.09) earnings per share for the quarter. The firm had revenue of $424.04 million during the quarter. Compass Diversified had a negative return on equity of 10.36% and a negative net margin of 5.38%. As a group, analysts anticipate that Compass Diversified will post 0.13 EPS for the current year.

Insider Buying and Selling at Compass Diversified

In other news, insider Zachary Sawtelle acquired 7,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were acquired at an average cost of $12.45 per share, with a total value of $87,150.00. Following the transaction, the insider owned 63,588 shares in the company, valued at $791,670.60. The trade was a 12.37% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Larry Enterline bought 67,114 shares of Compass Diversified stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $12.42 per share, for a total transaction of $833,555.88. Following the acquisition, the insider directly owned 100,000 shares in the company, valued at approximately $1,242,000. This trade represents a 204.08% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 140,995 shares of company stock worth $1,715,498. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Compass Diversified

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CODI. Engineers Gate Manager LP boosted its holdings in shares of Compass Diversified by 135.5% during the 2nd quarter. Engineers Gate Manager LP now owns 129,216 shares of the financial services provider’s stock valued at $1,377,000 after buying an additional 74,344 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Compass Diversified in the 2nd quarter worth about $48,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Compass Diversified in the 2nd quarter worth about $1,424,000. Empowered Funds LLC bought a new position in shares of Compass Diversified in the 1st quarter worth about $222,000. Finally, Essential Partners LLC boosted its stake in Compass Diversified by 9,263.2% during the first 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 in the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

Compass Diversified Company Profile

Compass Diversified (NYSE: CODI) is a holding company that acquires and manages a diverse portfolio of middle-market businesses. The company provides long-term capital and operational support to businesses with established brands, differentiated products and opportunities for continued growth, generally seeking to hold its subsidiaries for extended periods rather than operate as a short-term investment vehicle.

Its portfolio has included companies in branded consumer products and niche industrial markets.