Compass Diversified Sees Unusually Large Options Volume (NYSE:CODI)

Compass Diversified Holdings (NYSE:CODI) saw unusually large options trading on Thursday. Stock investors bought 36,020 call options on the company. This represents an increase of 2,342% compared to the typical volume of 1,475 call options.

Analysts Set New Price Targets

Several research firms have recently weighed in on CODI. Weiss Ratings reissued a “sell (d)” rating on shares of Compass Diversified in a research report on Friday, December 26th. Zacks Research upgraded shares of Compass Diversified from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. CJS Securities raised shares of Compass Diversified to an “outperform” rating in a report on Tuesday, January 27th. Raymond James Financial initiated coverage on shares of Compass Diversified in a research report on Wednesday, March 11th. They issued a “hold” rating on the stock. Finally, B. Riley Financial dropped their price objective on shares of Compass Diversified from $13.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Compass Diversified has an average rating of “Hold” and a consensus price target of $11.50.

Institutional Trading of Compass Diversified

A number of large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Compass Diversified by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock worth $740,000 after buying an additional 1,728 shares in the last quarter. Rhumbline Advisers increased its position in Compass Diversified by 2.0% in the 3rd quarter. Rhumbline Advisers now owns 95,717 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 1,874 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Compass Diversified by 8.8% in the third quarter. PNC Financial Services Group Inc. now owns 23,423 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,896 shares during the last quarter. Sei Investments Co. raised 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 acquiring an additional 2,022 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Compass Diversified by 3.9% during the second quarter. Brown Advisory Inc. now owns 80,734 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 3,000 shares in the last quarter. 72.73% of the stock is currently owned by institutional investors.

Compass Diversified Price Performance

Shares of NYSE:CODI opened at $6.62 on Friday. The firm has a market capitalization of $498.21 million, a PE ratio of -1.71 and a beta of 1.04. The company has a current ratio of 2.42, a quick ratio of 1.26 and a debt-to-equity ratio of 19.20. Compass Diversified has a 1-year low of $4.58 and a 1-year high of $19.39. The business’s 50 day moving average is $6.55 and its 200-day moving average is $6.38.

Compass Diversified (NYSE:CODI) last posted its 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%. Sell-side analysts predict that Compass Diversified will post 1.96 earnings per share for the current year.

About Compass Diversified

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.