Compass Diversified (NYSE:CODI) Upgraded to “Hold” at Wall Street Zen

Compass Diversified (NYSE:CODI) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Other equities analysts also recently issued research reports about the company. CJS Securities raised Compass Diversified to an “outperform” rating in a research report on Tuesday, January 27th. B. Riley Financial cut their price objective on Compass Diversified from $13.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday. Zacks Research lowered Compass Diversified from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Weiss Ratings restated a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th. Finally, Compass Point set a $15.00 price target on Compass Diversified in a report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Compass Diversified presently has an average rating of “Reduce” and an average target price of $11.50.

Compass Diversified Stock Down 7.9%

CODI stock opened at $6.33 on Friday. The company has a debt-to-equity ratio of 19.20, a current ratio of 2.42 and a quick ratio of 0.16. The stock has a market capitalization of $476.27 million, a P/E ratio of -1.63 and a beta of 1.04. Compass Diversified has a fifty-two week low of $4.58 and a fifty-two week high of $20.17. The business has a 50-day moving average of $6.23 and a 200-day moving average of $6.50.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings results 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). Compass Diversified had a positive return on equity of 24.48% and a negative net margin of 12.09%. On average, sell-side analysts anticipate that Compass Diversified will post 1.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Compass Diversified

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its position in 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 raised its holdings in Compass Diversified by 48.7% in 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 in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of 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 valued at $9,439,000 after acquiring an additional 843,965 shares during the period. SG Capital Management LLC bought a new stake in shares of Compass Diversified during the 4th quarter valued at $7,626,000. Finally, CenterBook Partners LP acquired a new stake in shares of Compass Diversified during the 4th quarter worth $6,597,000. 72.73% of the stock is currently 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.