Compass Diversified (NYSE:CODI) Stock Rating Lowered by Raymond James

Compass Diversified (NYSE:CODI) was downgraded by research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. The analysts noted that the move was a valuation call.

CODI has been the topic of several other reports. Zacks Investment Research downgraded Compass Diversified from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Roth Capital assumed coverage on Compass Diversified in a research note on Monday, July 29th. They set a “buy” rating and a $21.50 target price on the stock.

Shares of NYSE CODI opened at $18.91 on Thursday. The stock’s 50-day simple moving average is $19.25. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 13.13 and a beta of 1.13. Compass Diversified has a 12 month low of $11.60 and a 12 month high of $20.09. The company has a quick ratio of 1.56, a current ratio of 2.82 and a debt-to-equity ratio of 1.29.

Compass Diversified (NYSE:CODI) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.06). The company had revenue of $402.49 million during the quarter, compared to the consensus estimate of $399.00 million. Compass Diversified had a return on equity of 11.35% and a net margin of 19.72%. As a group, analysts anticipate that Compass Diversified will post 1.57 EPS for the current year.

In related news, insider Elias Sabo acquired 18,334 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average price of $18.62 per share, with a total value of $341,379.08. Following the acquisition, the insider now directly owns 585,549 shares in the company, valued at approximately $10,902,922.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. acquired a new position in shares of Compass Diversified in the 2nd quarter valued at about $211,000. Sigma Planning Corp acquired a new position in shares of Compass Diversified during the second quarter valued at approximately $243,000. Kavar Capital Partners LLC acquired a new position in shares of Compass Diversified during the second quarter valued at approximately $31,000. Liberty Wealth Management LLC acquired a new position in shares of Compass Diversified during the second quarter valued at approximately $46,000. Finally, Commonwealth Equity Services LLC grew its position in shares of Compass Diversified by 51.7% in the second quarter. Commonwealth Equity Services LLC now owns 55,542 shares of the financial services provider’s stock valued at $1,061,000 after purchasing an additional 18,919 shares in the last quarter. 31.75% of the stock is owned by institutional investors and hedge funds.

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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