Compass Diversified (NYSE:CODI) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Compass Diversified has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, reflecting a shift in analysts' confidence in the stock.
• Jefferies Financial Group and B. Riley also downgraded the stock recently, with B. Riley lowering the target price from $30 to $18.
• The company currently holds a consensus rating of "Hold" with an average price target of $26, while institutional investors own over 72% of Compass Diversified's shares.

Compass Diversified (NYSE:CODI - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

CODI has been the subject of a number of other reports. Jefferies Financial Group cut shares of Compass Diversified to a "hold" rating in a report on Friday, June 6th. B. Riley cut shares of Compass Diversified from a "buy" rating to a "neutral" rating and cut their price target for the stock from $30.00 to $18.00 in a research note on Thursday, May 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $26.00.

Compass Diversified Stock Performance

Compass Diversified stock traded down $0.24 during trading hours on Friday, hitting $6.53. The company had a trading volume of 810,536 shares, compared to its average volume of 1,022,235. The firm has a 50-day moving average of $6.59 and a 200 day moving average of $14.16. Compass Diversified has a one year low of $5.98 and a one year high of $24.59. The firm has a market cap of $491.32 million, a PE ratio of -5.10 and a beta of 1.02. The company has a debt-to-equity ratio of 1.54, a current ratio of 4.07 and a quick ratio of 1.57.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. KBC Group NV purchased a new position in shares of Compass Diversified in the 1st quarter worth about $30,000. NBC Securities Inc. raised its stake in shares of Compass Diversified by 167,500.0% in the 1st quarter. NBC Securities Inc. now owns 1,676 shares of the financial services provider's stock worth $31,000 after buying an additional 1,675 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of Compass Diversified during the first quarter worth $37,000. Sterling Capital Management LLC raised its position in Compass Diversified by 827.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,133 shares of the financial services provider's stock valued at $49,000 after buying an additional 1,903 shares during the period. Finally, State of Wyoming purchased a new position in Compass Diversified in the first quarter valued at about $51,000. Institutional investors and hedge funds own 72.73% of the company's stock.

About Compass Diversified

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, healthcare, safety & security, electronic components, food and foodservice.