Compass Diversified (NYSE:CODI) Rating Lowered to Neutral at B. Riley

Compass Diversified (NYSE:CODI - Get Free Report) was downgraded by stock analysts at B. Riley from a "buy" rating to a "neutral" rating in a research note issued to investors on Thursday,Briefing.com Automated Import reports. They currently have a $18.00 price objective on the financial services provider's stock. B. Riley's target price would suggest a potential upside of 4.44% from the company's previous close.

Separately, William Blair reiterated an "outperform" rating on shares of Compass Diversified in a research note on Friday, February 28th.

Compass Diversified Price Performance

NYSE CODI opened at $17.24 on Thursday. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 1.25 and a beta of 1.25. Compass Diversified has a 1-year low of $10.34 and a 1-year high of $24.59. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. The business's fifty day moving average price is $18.09 and its 200-day moving average price is $20.72.

Institutional Trading of Compass Diversified

Institutional investors and hedge funds have recently modified their holdings of the company. Promus Capital LLC purchased a new stake in Compass Diversified in the 4th quarter worth $30,000. Millstone Evans Group LLC bought a new stake in Compass Diversified during the 4th quarter valued at approximately $32,000. KBC Group NV bought a new stake in Compass Diversified during the 1st quarter valued at approximately $30,000. NBC Securities Inc. lifted its holdings in 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 purchasing an additional 1,675 shares in the last quarter. Finally, BankPlus Trust Department bought a new position in Compass Diversified in the 4th quarter worth approximately $43,000. 72.73% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.