Compass Diversified Holdings (NYSE:CODI) Given Consensus Recommendation of “Hold” by Brokerages

Compass Diversified Holdings (NYSE:CODI) has earned an average recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $18.00.

Several brokerages have recently issued reports on CODI. Wall Street Zen cut Compass Diversified from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. CJS Securities raised Compass Diversified to a “hold” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th.

Institutional Investors Weigh In On Compass Diversified

Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in shares of Compass Diversified by 65.3% during the 2nd 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 last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Compass Diversified by 29.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 6,548 shares of the financial services provider’s stock valued at $41,000 after buying an additional 1,471 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in 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 buying an additional 4,000 shares in the last quarter. Focus Partners Wealth acquired a new stake in Compass Diversified in the third quarter valued at $70,000. Finally, Quantessence Capital LLC purchased a new stake in Compass Diversified during the 3rd quarter worth about $70,000. 72.73% of the stock is owned by hedge funds and other institutional investors.

Compass Diversified Stock Performance

NYSE CODI opened at $5.49 on Friday. The firm has a market cap of $413.29 million, a price-to-earnings ratio of -3.79 and a beta of 1.06. The firm has a 50 day simple moving average of $5.65 and a 200-day simple moving average of $6.51. Compass Diversified has a one year low of $4.58 and a one year high of $22.21.

Compass Diversified (NYSE:CODI) last released its earnings results on Monday, December 29th. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter. Compass Diversified had a positive return on equity of 24.48% and a negative net margin of 2.21%.The business had revenue of $478.69 million for the quarter. Equities analysts predict that Compass Diversified will post 1.96 EPS for the current fiscal year.

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.