Compass Diversified (NYSE:CODI) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Compass Diversified (NYSE:CODIGet Rating) from a sell rating to a hold rating in a report released on Wednesday morning, Zacks.com reports.

According to Zacks, “COMPASS DIVERSIFIED was formed to acquire and manage a group of middle market businesses that are headquartered in North America. CODI provides public investors with an opportunity to participate in the ownership and growth of companies which have historically been owned by private equity firms, wealthy individuals or families. CODI’s disciplined approach to its target market provides opportunities to methodically purchase attractive businesses at values that are accretive to its shareholders. For sellers of businesses, CODI’s unique structure allows CODI to acquire businesses efficiently with no financing contingencies and, following acquisition, to provide its companies with substantial access to growth capital. “

A number of other analysts have also commented on CODI. StockNews.com assumed coverage on Compass Diversified in a research report on Thursday, March 31st. They issued a hold rating for the company. B. Riley assumed coverage on Compass Diversified in a research report on Friday, April 8th. They issued a buy rating and a $33.00 price objective for the company. Finally, TheStreet lowered Compass Diversified from a b- rating to a c+ rating in a research report on Wednesday, March 23rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Compass Diversified has an average rating of Hold and an average target price of $33.00.

Shares of NYSE:CODI opened at $20.69 on Wednesday. Compass Diversified has a twelve month low of $20.37 and a twelve month high of $33.31. The firm has a market cap of $1.45 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 1.68 and a beta of 1.79. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.52 and a current ratio of 3.00. The business has a fifty day moving average of $23.06 and a 200-day moving average of $26.50.

Compass Diversified (NYSE:CODIGet Rating) last announced its earnings results on Thursday, February 24th. The financial services provider reported $0.25 earnings per share for the quarter. Compass Diversified had a return on equity of 18.27% and a net margin of 5.90%. The company had revenue of $536.60 million during the quarter, compared to analyst estimates of $508.83 million. During the same period last year, the company posted $0.36 earnings per share. The firm’s quarterly revenue was up 27.3% compared to the same quarter last year. On average, analysts anticipate that Compass Diversified will post 1.72 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 28th. Shareholders of record on Thursday, April 21st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend was Wednesday, April 20th. Compass Diversified’s dividend payout ratio (DPR) is currently 153.85%.

In other Compass Diversified news, insider Patrick A. Maciariello acquired 6,000 shares of the business’s stock in a transaction dated Monday, February 28th. The shares were acquired at an average price of $23.29 per share, for a total transaction of $139,740.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 2.50% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Gabelli Funds LLC acquired a new position in shares of Compass Diversified during the 3rd quarter worth approximately $282,000. Dfpg Investments LLC acquired a new position in shares of Compass Diversified during the 4th quarter worth approximately $221,000. LPL Financial LLC increased its holdings in shares of Compass Diversified by 15.1% during the 3rd quarter. LPL Financial LLC now owns 190,656 shares of the financial services provider’s stock worth $5,371,000 after acquiring an additional 25,043 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in shares of Compass Diversified by 4.0% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 25,750 shares of the financial services provider’s stock worth $788,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of Compass Diversified by 165.9% during the 3rd quarter. Two Sigma Advisers LP now owns 58,500 shares of the financial services provider’s stock worth $1,648,000 after acquiring an additional 36,500 shares during the last quarter. 38.53% of the stock is currently owned by hedge funds and other institutional investors.

Compass Diversified Company Profile (Get Rating)

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, safety & security, electronic components, food, foodservice.

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