Compass Diversified (NYSE:CODI) Given New $8.00 Price Target at B. Riley Financial

Compass Diversified (NYSE:CODI) had its price target decreased by B. Riley Financial from $13.00 to $8.00 in a report released on Tuesday morning,Benzinga reports. B. Riley Financial currently has a neutral rating on the financial services provider’s stock.

A number of other brokerages have also recently weighed in on CODI. CJS Securities raised shares of Compass Diversified to an “outperform” rating in a research report on Tuesday, January 27th. Zacks Research cut Compass Diversified from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th. Compass Point set a $15.00 target price on Compass Diversified in a report on Tuesday, January 27th. Finally, Wall Street Zen cut Compass Diversified from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $11.50.

Compass Diversified Stock Performance

Shares of NYSE:CODI opened at $7.00 on Tuesday. The stock has a 50-day simple moving average of $6.12 and a 200-day simple moving average of $6.50. The stock has a market capitalization of $526.68 million, a P/E ratio of -1.80 and a beta of 1.04. Compass Diversified has a 1 year low of $4.58 and a 1 year high of $21.00.

Compass Diversified (NYSE:CODI) last announced 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 negative net margin of 12.09% and a positive return on equity of 24.48%. Analysts predict that Compass Diversified will post 1.96 earnings per share for the current year.

Hedge Funds Weigh In On Compass Diversified

A number of institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its position in shares of Compass Diversified by 1.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,346,106 shares of the financial services provider’s stock worth $20,209,000 after buying an additional 49,423 shares in the last quarter. Mangrove Partners IM LLC boosted its stake in Compass Diversified by 48.7% during the 3rd quarter. Mangrove Partners IM LLC now owns 3,684,800 shares of the financial services provider’s stock valued at $24,393,000 after acquiring an additional 1,206,524 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Compass Diversified by 75.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,966,408 shares of the financial services provider’s stock worth $9,439,000 after acquiring an additional 843,965 shares in the last quarter. SG Capital Management LLC bought a new stake in shares of Compass Diversified in the 4th quarter worth about $7,626,000. Finally, CenterBook Partners LP bought a new stake in shares of Compass Diversified in the 4th quarter worth about $6,597,000. 72.73% of the stock is owned by institutional investors and hedge funds.

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.