Compass Diversified (NYSE:CODI) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Compass Diversified Holdings (NYSE:CODI) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.58 and traded as high as $11.28. Compass Diversified shares last traded at $10.99, with a volume of 628,736 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Compass Diversified from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen upgraded Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Raymond James Financial started coverage on Compass Diversified in a research note on Wednesday, March 11th. They set a “hold” rating for the company. Weiss Ratings upgraded Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. Finally, B. Riley Financial lifted their target price on Compass Diversified from $8.00 to $10.50 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.75.

Compass Diversified Trading Down 3.2%

The company has a market cap of $826.84 million, a price-to-earnings ratio of -2.81 and a beta of 1.29. The company has a current ratio of 2.67, a quick ratio of 1.56 and a debt-to-equity ratio of 34.60. The firm has a 50-day moving average price of $10.38 and a 200 day moving average price of $7.58.

Insider Activity

In related news, insider Stephen Keller purchased 30,000 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were acquired at an average price of $8.61 per share, with a total value of $258,300.00. Following the acquisition, the insider owned 20,000 shares in the company, valued at approximately $172,200. This trade represents a -300.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Compass Diversified

Several hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its holdings in shares of Compass Diversified by 0.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 133,659 shares of the financial services provider’s stock worth $1,051,000 after purchasing an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Compass Diversified by 4.6% in 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 purchasing an additional 1,728 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Compass Diversified by 2.0% in the 3rd quarter. Rhumbline Advisers now owns 95,717 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 1,874 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Compass Diversified by 8.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 23,423 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,896 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Compass Diversified by 1.8% in the 3rd quarter. Sei Investments Co. now owns 115,570 shares of the financial services provider’s stock worth $765,000 after purchasing an additional 2,022 shares during the last quarter. Institutional investors own 72.73% of the company’s stock.

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.