B. Riley Financial Lowers Compass Diversified (NYSE:CODI) Price Target to $8.00

Compass Diversified (NYSE:CODI) had its price target reduced by research analysts at B. Riley Financial from $13.00 to $8.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. B. Riley Financial’s target price indicates a potential upside of 12.60% from the company’s current price.

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

Compass Diversified Stock Performance

NYSE:CODI opened at $7.11 on Tuesday. The firm has a 50-day moving average of $6.16 and a two-hundred day moving average of $6.50. 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 cap of $534.58 million, a P/E ratio of -1.83 and a beta of 1.04. Compass Diversified has a 1-year low of $4.58 and a 1-year high of $20.62.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts expect that Compass Diversified will post 1.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Compass Diversified

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CODI. AQR Capital Management LLC bought a new stake in shares of Compass Diversified in the 1st quarter worth $294,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Compass Diversified by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock worth $740,000 after acquiring an additional 1,728 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Compass Diversified by 6.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,458 shares of the financial services provider’s stock worth $2,884,000 after acquiring an additional 10,006 shares in the last quarter. Jane Street Group LLC lifted its holdings in Compass Diversified by 345.5% in the 1st quarter. Jane Street Group LLC now owns 193,907 shares of the financial services provider’s stock valued at $3,620,000 after acquiring an additional 150,386 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Compass Diversified by 65.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,043 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 1,992 shares during the last quarter. 72.73% of the stock is owned by institutional investors.

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.