Compass Diversified (NYSE:CODI) Stock Rating Upgraded by Wall Street Zen

Key Points

• Compass Diversified has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating positive sentiment from analysts.
• The company's average rating is a "Moderate Buy" with a consensus target price of $26.00, while other analysts have given varied ratings.
• Hedge funds and institutional investors show increasing interest in the company, with 72.73% of the stock currently owned by these entities.

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

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

Compass Diversified Price Performance

CODI traded down $0.34 during midday trading on Friday, hitting $6.67. 436,012 shares of the company traded hands, compared to its average volume of 884,975. The company has a market capitalization of $502.00 million, a price-to-earnings ratio of -5.21 and a beta of 1.05. Compass Diversified has a 52-week low of $5.98 and a 52-week high of $24.32. The business has a 50 day simple moving average of $6.51 and a two-hundred day simple moving average of $13.64. The company has a current ratio of 4.07, a quick ratio of 1.57 and a debt-to-equity ratio of 1.54.

Institutional Investors Weigh In On Compass Diversified

A number of hedge funds have recently added to or reduced their stakes in CODI. KBC Group NV acquired a new stake in Compass Diversified in the 1st quarter valued at about $30,000. NBC Securities Inc. raised its holdings in Compass Diversified by 167,500.0% during the first quarter. NBC Securities Inc. now owns 1,676 shares of the financial services provider's stock worth $31,000 after purchasing an additional 1,675 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Compass Diversified by 65.3% in the second quarter. Nisa Investment Advisors LLC now owns 5,043 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 1,992 shares in the last quarter. Bessemer Group Inc. acquired a new position in Compass Diversified during the first quarter worth approximately $37,000. Finally, Sterling Capital Management LLC grew its holdings in shares of 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 worth $49,000 after buying an additional 1,903 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

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.