Compass Diversified Holdings (NYSE:CODI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “COMPASS DIVERSIFIED was formed to acquire and manage a group of middle market businesses that are headquartered in North America. CODI provides public investors with an opportunity to participate in the ownership and growth of companies which have historically been owned by private equity firms, wealthy individuals or families. CODI’s disciplined approach to its target market provides opportunities to methodically purchase attractive businesses at values that are accretive to its shareholders. For sellers of businesses, CODI’s unique structure allows CODI to acquire businesses efficiently with no financing contingencies and, following acquisition, to provide its companies with substantial access to growth capital. “

Several other equities analysts also recently commented on CODI. ValuEngine downgraded shares of Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub downgraded shares of Compass Diversified Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and issued a $20.00 price target on shares of Compass Diversified Holdings in a research note on Thursday, June 8th. Finally, TheStreet upgraded shares of Compass Diversified Holdings from a “c+” rating to a “b” rating in a research note on Friday, July 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $19.25.

Compass Diversified Holdings (NYSE CODI) traded down 0.57% during mid-day trading on Monday, reaching $17.45. 141,492 shares of the company’s stock traded hands. The firm has a 50 day moving average of $17.27 and a 200 day moving average of $16.86. The firm has a market cap of $1.05 billion, a PE ratio of 112.58 and a beta of 0.57. Compass Diversified Holdings has a 1-year low of $15.90 and a 1-year high of $19.50.

Compass Diversified Holdings (NYSE:CODI) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported ($0.53) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.90. Compass Diversified Holdings had a net margin of 2.20% and a return on equity of 6.42%. The business had revenue of $307.38 million during the quarter, compared to analyst estimates of $302.86 million. During the same quarter last year, the company posted $0.33 earnings per share. The company’s revenue was up 43.5% on a year-over-year basis. Analysts forecast that Compass Diversified Holdings will post $1.56 EPS for the current year.

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In other news, insider Alan B. Offenberg acquired 60,000 shares of Compass Diversified Holdings stock in a transaction on Thursday, June 22nd. The shares were purchased at an average cost of $16.84 per share, for a total transaction of $1,010,400.00. Following the completion of the purchase, the insider now directly owns 500,852 shares of the company’s stock, valued at approximately $8,434,347.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Elias Sabo acquired 30,000 shares of Compass Diversified Holdings stock in a transaction on Tuesday, May 9th. The shares were purchased at an average price of $16.14 per share, for a total transaction of $484,200.00. Following the completion of the purchase, the insider now directly owns 485,549 shares of the company’s stock, valued at $7,836,760.86. The disclosure for this purchase can be found here. Insiders purchased 93,000 shares of company stock worth $1,543,320 over the last 90 days. 2.40% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of Compass Diversified Holdings by 24.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,013 shares of the financial services provider’s stock worth $233,000 after buying an additional 2,527 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Compass Diversified Holdings by 11.0% in the fourth quarter. American Century Companies Inc. now owns 1,042,479 shares of the financial services provider’s stock worth $16,565,000 after buying an additional 103,596 shares during the last quarter. HL Financial Services LLC increased its stake in shares of Compass Diversified Holdings by 13.4% in the fourth quarter. HL Financial Services LLC now owns 35,712 shares of the financial services provider’s stock worth $567,000 after buying an additional 4,227 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Compass Diversified Holdings by 29.2% in the fourth quarter. Wells Fargo & Company MN now owns 119,510 shares of the financial services provider’s stock worth $1,899,000 after buying an additional 26,980 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Compass Diversified Holdings by 3.6% in the fourth quarter. Morgan Stanley now owns 277,956 shares of the financial services provider’s stock worth $4,416,000 after buying an additional 9,754 shares during the last quarter. Hedge funds and other institutional investors own 37.06% of the company’s stock.

About Compass Diversified Holdings

Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.

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