Compass Diversified (NYSE:CODI) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Compass Diversified Holdings (NYSE:CODI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.83 and traded as high as $10.26. Compass Diversified shares last traded at $9.9250, with a volume of 525,698 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CODI. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Diversified in a research note on Friday, July 17th. B. Riley Financial increased their price target on shares of Compass Diversified from $8.00 to $10.50 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Finally, TD Cowen restated a “buy” rating and issued a $12.50 price objective on shares of Compass Diversified in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Compass Diversified currently has a consensus rating of “Hold” and a consensus price target of $12.67.

Compass Diversified Stock Performance

The company’s 50-day moving average price is $10.62 and its two-hundred day moving average price is $8.83. 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 market cap of $746.76 million, a PE ratio of -2.54 and a beta of 1.26.

Institutional Investors Weigh In On Compass Diversified

A number of large investors have recently added to or reduced their stakes in CODI. SG Capital Management LLC purchased a new position in shares of Compass Diversified in the 4th quarter worth about $7,626,000. CenterBook Partners LP bought a new position in shares of Compass Diversified during the 4th quarter valued at about $6,597,000. Western Standard LLC purchased a new stake in Compass Diversified in the fourth quarter worth approximately $5,592,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Compass Diversified in the fourth quarter worth approximately $4,099,000. Finally, Jacobs Levy Equity Management Inc. grew its position in Compass Diversified by 75.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,966,408 shares of the financial services provider’s stock valued at $9,439,000 after acquiring an additional 843,965 shares during the last quarter. 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.