Compass Diversified (NYSE:CODI) Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Compass Diversified (NYSE:CODI - Free Report) from a hold rating to a buy rating in a research report report published on Friday morning.

A number of other equities research analysts have also recently commented on CODI. Jefferies Financial Group cut Compass Diversified to a "hold" rating in a report on Friday, June 6th. B. Riley cut Compass Diversified from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $30.00 to $18.00 in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $26.00.

Compass Diversified Stock Performance

Shares of CODI stock traded down $0.28 during trading hours on Friday, reaching $6.13. 878,145 shares of the company's stock were exchanged, compared to its average volume of 566,270. The company has a market cap of $461.22 million, a P/E ratio of -4.79 and a beta of 1.02. The company's 50 day moving average is $6.73 and its two-hundred day moving average is $14.91. Compass Diversified has a 1 year low of $5.98 and a 1 year high of $24.59. 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

Large investors have recently made changes to their positions in the company. KBC Group NV purchased a new position in shares of Compass Diversified in the 1st quarter worth $30,000. NBC Securities Inc. raised its position 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 during the period. Millstone Evans Group LLC purchased a new position in shares of Compass Diversified in the 4th quarter worth $32,000. Bessemer Group Inc. purchased a new position in shares of Compass Diversified in the 1st quarter worth $37,000. Finally, Sterling Capital Management LLC raised its position in shares of Compass Diversified by 827.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,133 shares of the financial services provider's stock worth $49,000 after buying an additional 1,903 shares during the period. 72.73% of the stock is owned by hedge funds and other institutional investors.

Compass Diversified Company Profile

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.