Compass Diversified (NYSE:CODI) Rating Increased to Buy at Wall Street Zen

Compass Diversified (NYSE:CODI) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

Other research analysts have also issued research reports about the company. Jefferies Financial Group lowered Compass Diversified to a “hold” rating in a research report on Friday, June 6th. B. Riley lowered Compass Diversified from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $30.00 to $18.00 in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Compass Diversified Trading Down 0.6%

CODI opened at $6.35 on Friday. Compass Diversified has a 52 week low of $5.98 and a 52 week high of $24.32. The company has a quick ratio of 1.57, a current ratio of 4.07 and a debt-to-equity ratio of 1.54. The stock has a market cap of $477.77 million, a PE ratio of -4.96 and a beta of 1.05. The business has a 50 day moving average of $6.53 and a 200-day moving average of $13.85.

Hedge Funds Weigh In On Compass Diversified

Several institutional investors and hedge funds have recently bought and sold shares of CODI. KBC Group NV purchased a new position in shares of Compass Diversified in the first quarter valued at about $30,000. NBC Securities Inc. lifted its position in shares of Compass Diversified by 167,500.0% in the first quarter. NBC Securities Inc. now owns 1,676 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 1,675 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Compass Diversified by 65.3% in the second quarter. Nisa Investment Advisors LLC now owns 5,043 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 1,992 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of Compass Diversified in the first quarter valued at about $37,000. Finally, Sterling Capital Management LLC lifted its position in shares of Compass Diversified by 827.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,133 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,903 shares in the last quarter. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

About Compass Diversified

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, healthcare, safety & security, electronic components, food and foodservice.