Weiss Ratings Reiterates "Sell (D+)" Rating for Compass Diversified (NYSE:CODI)

Key Points

• Weiss Ratings has reissued a "Sell (D+)" rating for Compass Diversified (NYSE:CODI), indicating a negative outlook on the stock.
• Wall Street Zen has downgraded Compass Diversified from a "buy" to a "hold" rating, while the average rating for the stock remains a "Hold" with a price target of $26.00.
• Recent trading shows CODI's stock price is $6.52 with a significant amount of trading activity, and it has seen substantial increases in institutional investment during recent quarters.

Compass Diversified (NYSE:CODI - Get Free Report)'s stock had its "sell (d+)" rating reissued by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Compass Diversified from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $26.00.

Compass Diversified Trading Up 0.5%

NYSE CODI traded up $0.03 on Wednesday, hitting $6.52. 688,444 shares of the company's stock traded hands, compared to its average volume of 908,245. Compass Diversified has a 1-year low of $5.98 and a 1-year high of $24.32. The firm's 50-day moving average price is $7.04 and its two-hundred day moving average price is $9.40. The firm has a market capitalization of $490.56 million, a PE ratio of -5.09 and a beta of 1.08.

Hedge Funds Weigh In On Compass Diversified

A number of large investors have recently added to or reduced their stakes in CODI. Qube Research & Technologies Ltd raised its position in Compass Diversified by 738.4% during the second quarter. Qube Research & Technologies Ltd now owns 784,746 shares of the financial services provider's stock worth $4,928,000 after acquiring an additional 691,144 shares during the period. Engineers Gate Manager LP acquired a new position in Compass Diversified during the second quarter worth $3,346,000. Allspring Global Investments Holdings LLC raised its position in Compass Diversified by 10.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,789,892 shares of the financial services provider's stock worth $88,709,000 after acquiring an additional 451,731 shares during the period. Nuveen LLC purchased a new stake in shares of Compass Diversified during the first quarter worth $7,785,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Compass Diversified by 808.2% during the second quarter. Y Intercept Hong Kong Ltd now owns 377,880 shares of the financial services provider's stock worth $2,373,000 after buying an additional 336,271 shares in the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

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.

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