Compass Diversified (NYSE:CODI) Downgraded by Zacks Investment Research

Compass Diversified (NYSE:CODI) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday, January 9th.

According to Zacks, “COMPASS DIVERSIFIED was formed to acquire and manage a group of middle market businesses that are headquartered in North America. CODI provides public investors with an opportunity to participate in the ownership and growth of companies which have historically been owned by private equity firms, wealthy individuals or families. CODI’s disciplined approach to its target market provides opportunities to methodically purchase attractive businesses at values that are accretive to its shareholders. For sellers of businesses, CODI’s unique structure allows CODI to acquire businesses efficiently with no financing contingencies and, following acquisition, to provide its companies with substantial access to growth capital. “

Separately, BidaskClub raised shares of Compass Diversified from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 27th. Three analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.50.

Compass Diversified (NYSE CODI) remained flat at $$16.80 during trading hours on Tuesday. The company had a trading volume of 343,900 shares, compared to its average volume of 247,042. The company has a quick ratio of 1.26, a current ratio of 2.41 and a debt-to-equity ratio of 0.71. The company has a market cap of $1,006.32, a PE ratio of -14.36 and a beta of 0.55. Compass Diversified has a 12 month low of $15.90 and a 12 month high of $18.35.

Compass Diversified (NYSE:CODI) last issued its earnings results on Wednesday, November 8th. The financial services provider reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.22). Compass Diversified had a negative net margin of 1.31% and a positive return on equity of 2.77%. analysts forecast that Compass Diversified will post 1.56 EPS for the current year.

In other Compass Diversified news, insider James Bottiglieri purchased 4,733 shares of Compass Diversified stock in a transaction dated Wednesday, January 3rd. The shares were bought at an average cost of $17.24 per share, for a total transaction of $81,596.92. Following the transaction, the insider now owns 55,195 shares in the company, valued at approximately $951,561.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.

Large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of Compass Diversified by 2.4% during the 2nd quarter. Royal Bank of Canada now owns 8,687,327 shares of the financial services provider’s stock worth $151,591,000 after buying an additional 205,723 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Compass Diversified by 4.4% in the 3rd quarter. American Century Companies Inc. now owns 2,298,112 shares of the financial services provider’s stock worth $40,791,000 after purchasing an additional 97,521 shares during the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in shares of Compass Diversified in the 3rd quarter worth approximately $1,433,000. GSA Capital Partners LLP grew its stake in shares of Compass Diversified by 96.7% in the 2nd quarter. GSA Capital Partners LLP now owns 164,090 shares of the financial services provider’s stock worth $2,863,000 after purchasing an additional 80,663 shares during the last quarter. Finally, North Star Investment Management Corp. grew its stake in shares of Compass Diversified by 101.6% in the 4th quarter. North Star Investment Management Corp. now owns 106,592 shares of the financial services provider’s stock worth $1,807,000 after purchasing an additional 53,713 shares during the last quarter. Hedge funds and other institutional investors own 33.43% of the company’s stock.

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About Compass Diversified

Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.

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