Compass Diversified Holdings (NYSE:CODI) Receives $12.75 Consensus Price Target from Brokerages

Compass Diversified Holdings (NYSE:CODI) has been assigned an average rating of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $12.75.

Several research firms recently commented on CODI. B. Riley Financial upped their price target on shares of Compass Diversified from $8.00 to $10.50 and gave the company a “neutral” rating in a research report on Tuesday, April 7th. Weiss Ratings raised Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. Raymond James Financial began coverage on Compass Diversified in a research note on Wednesday, March 11th. They issued a “hold” rating on the stock. Zacks Research raised Compass Diversified from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Wall Street Zen upgraded Compass Diversified from a “sell” rating to a “hold” rating in a report on Saturday, March 7th.

Compass Diversified Trading Up 2.0%

Shares of Compass Diversified stock opened at $10.29 on Wednesday. The company has a debt-to-equity ratio of 34.60, a quick ratio of 1.56 and a current ratio of 2.67. The stock has a 50 day moving average of $11.05 and a 200 day moving average of $7.88. Compass Diversified has a fifty-two week low of $4.58 and a fifty-two week high of $12.64. The firm has a market capitalization of $773.84 million, a price-to-earnings ratio of -2.63 and a beta of 1.26.

Insiders Place Their Bets

In related news, insider Stephen Keller purchased 30,000 shares of Compass Diversified stock in a transaction dated 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 completion of the transaction, the insider owned 20,000 shares of the company’s stock, valued at approximately $172,200. This trade represents a -300.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CODI. Mangrove Partners IM LLC boosted its stake in Compass Diversified by 48.7% in the 3rd quarter. Mangrove Partners IM LLC now owns 3,684,800 shares of the financial services provider’s stock worth $24,393,000 after purchasing an additional 1,206,524 shares during the period. Western Standard LLC acquired a new stake in Compass Diversified in the 4th quarter worth $5,592,000. CenterBook Partners LP acquired a new stake in Compass Diversified in the 4th quarter worth $6,597,000. Oak Family Advisors LLC acquired a new stake in Compass Diversified in the 1st quarter worth $1,372,000. Finally, Alpine Global Management LLC acquired a new stake in shares of Compass Diversified during the 4th quarter valued at about $177,000. Institutional investors and hedge funds 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.