Compass Diversified (NYSE:CODI) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Compass Diversified Holdings (NYSE:CODI)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.83 and traded as high as $10.26. Compass Diversified shares last traded at $9.9250, with a volume of 525,698 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Diversified in a report on Friday, July 17th. TD Cowen reaffirmed a “buy” rating and issued a $12.50 price objective on shares of Compass Diversified in a research note on Thursday, July 16th. Finally, B. Riley Financial lifted their price objective on shares of Compass Diversified from $8.00 to $10.50 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.67.

Compass Diversified Stock Performance

The company has a debt-to-equity ratio of 34.60, a current ratio of 2.67 and a quick ratio of 1.56. The company’s fifty day moving average price is $10.62 and its 200 day moving average price is $8.83. The company has a market cap of $746.76 million, a PE ratio of -2.54 and a beta of 1.26.

Institutional Trading of Compass Diversified

A number of hedge funds have recently bought and sold shares of CODI. Public Employees Retirement System of Ohio increased its holdings in Compass Diversified by 0.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 133,659 shares of the financial services provider’s stock worth $1,051,000 after acquiring an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 purchasing an additional 1,728 shares during the period. Sei Investments Co. increased its stake in shares of Compass Diversified by 1.8% in the third quarter. Sei Investments Co. now owns 115,570 shares of the financial services provider’s stock worth $765,000 after purchasing an additional 2,022 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Compass Diversified by 3.9% in the second quarter. Brown Advisory Inc. now owns 80,734 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 3,000 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of Compass Diversified by 13.0% during the 2nd quarter. Prudential Financial Inc. now owns 30,325 shares of the financial services provider’s stock valued at $190,000 after buying an additional 3,490 shares in the last quarter. 72.73% of the stock is currently 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.