Compass Diversified (NYSE:CODI) Now Covered by Raymond James Financial

Raymond James Financial initiated coverage on shares of Compass Diversified (NYSE:CODI) in a research report report published on Wednesday morning. The firm issued a market perform rating on the financial services provider’s stock.

A number of other research analysts also recently commented on the company. Zacks Research downgraded Compass Diversified from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. CJS Securities upgraded Compass Diversified to an “outperform” rating in a report on Tuesday, January 27th. Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Compass Point set a $15.00 price target on shares of Compass Diversified in a research report on Tuesday, January 27th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th. One investment 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. Based on data from MarketBeat, Compass Diversified presently has a consensus rating of “Reduce” and an average target price of $11.50.

Compass Diversified Stock Performance

Compass Diversified stock opened at $6.20 on Wednesday. Compass Diversified has a 12-month low of $4.58 and a 12-month high of $20.07. The company has a debt-to-equity ratio of 19.20, a current ratio of 2.42 and a quick ratio of 1.26. The company has a market capitalization of $466.11 million, a price-to-earnings ratio of -1.60 and a beta of 1.04. The firm’s fifty day moving average price is $6.32 and its 200 day moving average price is $6.47.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings data 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 negative net margin of 12.09% and a positive return on equity of 24.48%. On average, research analysts forecast that Compass Diversified will post 1.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Compass Diversified

Several institutional investors have recently modified their holdings of CODI. Nomura Asset Management Co. Ltd. lifted its position in 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 valued at $41,000 after purchasing an additional 1,471 shares during the last quarter. RPO LLC bought a new position in Compass Diversified in the 4th quarter worth about $60,000. Geneos Wealth Management Inc. increased its stake in shares of 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 purchasing an additional 4,000 shares during the period. Focus Partners Wealth acquired a new stake in shares of Compass Diversified in the third quarter valued at approximately $70,000. Finally, Quantessence Capital LLC bought a new stake in shares of Compass Diversified during the third quarter valued at approximately $70,000. 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.