Compass Diversified (NYSE:CODI) Stock Rating Lowered by Wall Street Zen

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

A number of other equities analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Compass Diversified in a report on Wednesday, October 8th. CJS Securities upgraded shares of Compass Diversified to a “hold” rating in a report on Thursday, December 11th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Compass Diversified presently has a consensus rating of “Hold” and a consensus target price of $18.00.

Compass Diversified Stock Down 3.6%

Shares of NYSE:CODI opened at $4.79 on Friday. The business’s 50 day moving average is $6.44 and its 200 day moving average is $6.68. Compass Diversified has a 12-month low of $4.75 and a 12-month high of $23.83. The stock has a market cap of $360.47 million, a price-to-earnings ratio of -3.74 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Nuveen LLC purchased a new stake in Compass Diversified during the first quarter valued at about $7,785,000. Russell Investments Group Ltd. raised its position in shares of Compass Diversified by 12.3% in the first quarter. Russell Investments Group Ltd. now owns 164,981 shares of the financial services provider’s stock valued at $3,080,000 after purchasing an additional 18,028 shares during the period. Quantbot Technologies LP lifted its stake in shares of Compass Diversified by 148.6% during the 1st quarter. Quantbot Technologies LP now owns 27,289 shares of the financial services provider’s stock valued at $509,000 after buying an additional 16,311 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Compass Diversified during the 1st quarter valued at approximately $95,000. Finally, AlphaQuest LLC boosted its holdings in Compass Diversified by 1,009.2% in the 1st quarter. AlphaQuest LLC now owns 15,951 shares of the financial services provider’s stock worth $298,000 after buying an additional 14,513 shares during the period. Hedge funds and other institutional investors own 72.73% of the company’s stock.

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.