ValuEngine Lowers Compass Diversified (NYSE:CODI) to Sell

ValuEngine downgraded shares of Compass Diversified (NYSE:CODI) from a hold rating to a sell rating in a report published on Thursday morning, ValuEngine reports.

Several other research analysts have also recently weighed in on CODI. Zacks Investment Research upgraded Compass Diversified from a strong sell rating to a hold rating in a research note on Monday, July 13th. Jefferies Financial Group started coverage on Compass Diversified in a report on Wednesday, April 22nd. They issued a buy rating and a $22.00 price objective for the company. Roth Capital reaffirmed a buy rating and issued a $20.00 price objective on shares of Compass Diversified in a report on Tuesday, July 28th. Finally, William Blair reaffirmed an outperform rating on shares of Compass Diversified in a report on Tuesday, June 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $20.67.

CODI stock opened at $15.95 on Thursday. Compass Diversified has a 1-year low of $10.78 and a 1-year high of $26.37. The business has a fifty day moving average price of $17.02 and a 200-day moving average price of $18.15. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.24 and a quick ratio of 2.60. The stock has a market capitalization of $1.04 billion, a P/E ratio of -7.63 and a beta of 1.84.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.15. Compass Diversified had a positive return on equity of 10.53% and a negative net margin of 4.52%. The firm had revenue of $333.63 million during the quarter, compared to analysts’ expectations of $281.17 million. As a group, analysts anticipate that Compass Diversified will post 0.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 16th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 9.03%. The ex-dividend date was Wednesday, July 15th. Compass Diversified’s dividend payout ratio is presently 83.24%.

In related news, insider Patrick A. Maciariello purchased 6,250 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was acquired at an average price of $17.56 per share, with a total value of $109,750.00. Following the completion of the acquisition, the insider now owns 172,268 shares of the company’s stock, valued at approximately $3,025,026.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Anholt Investments Ltd. purchased 131,100 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $15.40 per share, with a total value of $2,018,940.00. Insiders have acquired 192,350 shares of company stock valued at $3,079,640 in the last three months. 2.70% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CODI. Goldman Sachs Group Inc. bought a new position in shares of Compass Diversified in the fourth quarter worth about $713,000. Cubist Systematic Strategies LLC boosted its stake in shares of Compass Diversified by 4.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 11,973 shares of the financial services provider’s stock worth $298,000 after acquiring an additional 457 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Compass Diversified by 22.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,425 shares of the financial services provider’s stock worth $735,000 after acquiring an additional 5,363 shares during the period. Sunbelt Securities Inc. bought a new position in shares of Compass Diversified in the fourth quarter worth about $4,661,000. Finally, Gilman Hill Asset Management LLC boosted its stake in shares of Compass Diversified by 3.8% in the first quarter. Gilman Hill Asset Management LLC now owns 253,581 shares of the financial services provider’s stock worth $3,398,000 after acquiring an additional 9,298 shares during the period. 27.86% of the stock is owned by hedge funds and other institutional investors.

Compass Diversified Company Profile

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

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