Compass Diversified (NYSE:CODI) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Compass Diversified (NYSE:CODI) from a hold rating to a strong sell rating in a research note published on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Compass Diversified from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. CJS Securities raised shares of Compass Diversified to a “hold” rating in a report on Thursday, December 11th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $13.00.

Compass Diversified Stock Up 2.2%

CODI stock opened at $5.36 on Monday. Compass Diversified has a 52-week low of $4.58 and a 52-week high of $22.21. The firm has a market cap of $402.91 million, a P/E ratio of -1.95 and a beta of 1.06. The company’s 50-day simple moving average is $5.56 and its 200-day simple moving average is $6.46.

Compass Diversified (NYSE:CODI) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.59). Compass Diversified had a positive return on equity of 24.48% and a negative net margin of 7.08%.The business had revenue of $472.56 million during the quarter, compared to analyst estimates of $497.19 million. On average, analysts anticipate that Compass Diversified will post 1.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Compass Diversified

Institutional investors and hedge funds have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. boosted its stake 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 acquiring an additional 1,471 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Compass Diversified by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock worth $740,000 after buying an additional 1,728 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Compass Diversified by 2.0% in the 3rd quarter. Rhumbline Advisers now owns 95,717 shares of the financial services provider’s stock valued at $634,000 after purchasing an additional 1,874 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Compass Diversified by 8.8% in the third quarter. PNC Financial Services Group Inc. now owns 23,423 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,896 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings 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 purchasing an additional 1,992 shares during the last quarter. 72.73% of the stock is owned by institutional investors.

Compass Diversified Company Profile

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.