Compass Diversified (NYSE:CODI) Downgraded by Wall Street Zen to Sell

Compass Diversified (NYSE:CODI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other analysts have also recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Compass Diversified in a report on Wednesday, October 8th. CJS Securities upgraded shares of Compass Diversified to a “hold” rating in a research report on Thursday, December 11th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.00.

Compass Diversified Stock Performance

Shares of NYSE:CODI opened at $4.79 on Friday. Compass Diversified has a 52 week low of $4.75 and a 52 week high of $23.83. The firm has a market cap of $360.47 million, a PE ratio of -3.74 and a beta of 1.02. The firm’s fifty day moving average is $6.44 and its 200-day moving average is $6.68.

Hedge Funds Weigh In On Compass Diversified

A number of institutional investors and hedge funds have recently made changes to their positions in CODI. State of Wyoming acquired a new position in Compass Diversified during the 1st quarter worth approximately $51,000. Nisa Investment Advisors LLC raised its position in shares of Compass Diversified by 65.3% during the second quarter. Nisa Investment Advisors LLC now owns 5,043 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 1,992 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Compass Diversified during the first quarter worth approximately $95,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Compass Diversified by 29.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 6,548 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,471 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Compass Diversified by 68.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 4,000 shares during the period. Institutional investors own 72.73% of the company’s stock.

About Compass Diversified

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.