Compass Diversified (NYSE:CODI) Given New $13.00 Price Target at B. Riley

Compass Diversified (NYSE:CODI) had its price objective decreased by B. Riley from $18.00 to $13.00 in a report published on Wednesday morning,Benzinga reports. B. Riley currently has a neutral rating on the financial services provider’s stock.

A number of other research firms also recently weighed in on CODI. CJS Securities upgraded shares of Compass Diversified to a “hold” rating in a research report on Thursday, December 11th. Zacks Research lowered Compass Diversified from a “hold” rating to a “strong sell” rating in a research note on Monday. Weiss Ratings reiterated a “sell (d)” rating on shares of Compass Diversified in a research report on Friday, December 26th. Finally, Wall Street Zen lowered Compass Diversified from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $13.00.

Compass Diversified Trading Up 2.2%

Compass Diversified stock opened at $5.36 on Wednesday. The company has a market capitalization of $402.91 million, a price-to-earnings ratio of -1.95 and a beta of 1.06. Compass Diversified has a 12 month low of $4.58 and a 12 month high of $22.21. The stock’s 50 day moving average is $5.56 and its 200-day moving average is $6.46.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CODI. AQR Capital Management LLC acquired a new stake in shares of Compass Diversified in the 1st quarter valued at approximately $294,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Compass Diversified by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock valued at $740,000 after purchasing an additional 1,728 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Compass Diversified by 6.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,458 shares of the financial services provider’s stock valued at $2,884,000 after purchasing an additional 10,006 shares during the last quarter. Jane Street Group LLC boosted its position in Compass Diversified by 345.5% in the first quarter. Jane Street Group LLC now owns 193,907 shares of the financial services provider’s stock valued at $3,620,000 after buying an additional 150,386 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Compass Diversified by 81.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,609 shares of the financial services provider’s stock worth $196,000 after buying an additional 13,273 shares during the last quarter. Institutional investors own 72.73% of the company’s stock.

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.