Compass Diversified (NYSE:CODI) Price Target Raised to $10.50
by Renee Jackson · The Cerbat GemCompass Diversified (NYSE:CODI – Free Report) had its price target increased by B. Riley Financial from $8.00 to $10.50 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.
A number of other research firms also recently issued reports on CODI. Compass Point set a $15.00 price target on shares of Compass Diversified in a research note on Tuesday, January 27th. Zacks Research raised shares of Compass Diversified from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Raymond James Financial began coverage on shares of Compass Diversified in a research note on Wednesday, March 11th. They issued a “hold” rating on the stock. Wall Street Zen raised shares of Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, CJS Securities raised shares of Compass Diversified to an “outperform” rating in a research note on Tuesday, January 27th. One 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.75.
View Our Latest Report on CODI
Compass Diversified Price Performance
Shares of CODI stock opened at $9.88 on Tuesday. The company has a debt-to-equity ratio of 19.20, a current ratio of 2.42 and a quick ratio of 1.26. The firm’s 50-day moving average is $7.08 and its two-hundred day moving average is $6.48. Compass Diversified has a 12 month low of $4.58 and a 12 month high of $17.67. The company has a market capitalization of $743.15 million, a PE ratio of -2.55 and a beta of 1.00.
Compass Diversified (NYSE:CODI – Get Free Report) last issued its earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.59). Analysts predict that Compass Diversified will post 1.96 earnings per share for the current year.
Insider Buying and Selling at Compass Diversified
In other Compass Diversified news, insider Stephen Keller acquired 30,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was purchased at an average price of $8.61 per share, for a total transaction of $258,300.00. Following the completion of the acquisition, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Alpine Global Management LLC acquired a new position in shares of Compass Diversified in the fourth quarter valued at approximately $177,000. Invesco Ltd. grew its holdings in shares of Compass Diversified by 64.2% in the fourth quarter. Invesco Ltd. now owns 305,005 shares of the financial services provider’s stock valued at $1,464,000 after purchasing an additional 119,224 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Compass Diversified in the fourth quarter valued at approximately $227,000. Tudor Investment Corp ET AL grew its holdings in shares of Compass Diversified by 3.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 458,624 shares of the financial services provider’s stock valued at $2,201,000 after purchasing an additional 16,266 shares in the last quarter. Finally, Saba Capital Management L.P. grew its holdings in shares of Compass Diversified by 36.0% in the fourth quarter. Saba Capital Management L.P. now owns 409,259 shares of the financial services provider’s stock valued at $1,964,000 after purchasing an additional 108,327 shares in the last quarter. 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.