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

Compass Diversified Holdings (NYSE:CODI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.98 and traded as high as $10.12. Compass Diversified shares last traded at $10.1110, with a volume of 1,053,444 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CODI. Wall Street Zen upgraded Compass Diversified from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Raymond James Financial started coverage on Compass Diversified in a report on Wednesday, March 11th. They set a “hold” rating on the stock. Zacks Research raised Compass Diversified from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. B. Riley Financial boosted 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. Finally, Weiss Ratings raised Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Compass Diversified presently has an average rating of “Hold” and a consensus price target of $12.75.

Compass Diversified Stock Performance

The company has a market cap of $760.75 million, a P/E ratio of -2.59 and a beta of 1.26. The company’s fifty day moving average is $11.13 and its 200 day moving average is $7.98. The company has a current ratio of 2.67, a quick ratio of 1.56 and a debt-to-equity ratio of 34.60.

Insider Transactions at Compass Diversified

In other Compass Diversified news, insider Stephen Keller purchased 30,000 shares of the business’s stock in a transaction on Monday, April 6th. The stock was acquired at an average cost of $8.61 per share, for a total transaction of $258,300.00. Following the completion of the transaction, the insider directly owned 20,000 shares in the company, valued at approximately $172,200. This represents a -300.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Compass Diversified

A number of hedge funds and other institutional investors have recently modified their holdings of CODI. Essential Partners LLC boosted its holdings in Compass Diversified by 9,263.2% during the 1st quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 5,280 shares during the period. RPO LLC bought a new position in Compass Diversified during the 4th quarter worth approximately $60,000. Geneos Wealth Management Inc. increased its stake in Compass Diversified by 68.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 4,000 shares during the period. Focus Partners Wealth purchased a new position in Compass Diversified in the 3rd quarter worth approximately $70,000. Finally, Quantessence Capital LLC purchased a new position in Compass Diversified in the 3rd quarter worth approximately $70,000. 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.