TheStreet Downgrades Compass Diversified (CODI) to C
Several other equities analysts have also recently weighed in on CODI. BidaskClub raised shares of Compass Diversified from a strong sell rating to a sell rating in a research note on Wednesday, September 27th. Zacks Investment Research cut shares of Compass Diversified from a hold rating to a strong sell rating in a research note on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $19.50.
Compass Diversified (NYSE:CODI) opened at $16.90 on Wednesday. Compass Diversified has a 52 week low of $15.90 and a 52 week high of $18.35. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 18th will be paid a dividend of $0.36 per share. The ex-dividend date is Wednesday, January 17th. This represents a $1.44 annualized dividend and a yield of 8.52%. Compass Diversified’s payout ratio is -123.08%.
In other Compass Diversified news, insider James Bottiglieri acquired 4,733 shares of the stock in a transaction on Wednesday, January 3rd. The stock was acquired at an average price of $17.24 per share, for a total transaction of $81,596.92. Following the completion of the transaction, the insider now directly owns 55,195 shares of the company’s stock, valued at $951,561.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Csenge Advisory Group bought a new position in Compass Diversified during the third quarter valued at $186,000. Atria Investments LLC bought a new position in Compass Diversified during the fourth quarter valued at $208,000. First Allied Advisory Services Inc. lifted its position in Compass Diversified by 2.0% during the second quarter. First Allied Advisory Services Inc. now owns 12,673 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 254 shares during the last quarter. Gratus Capital LLC bought a new position in Compass Diversified during the third quarter valued at $240,000. Finally, HighTower Advisors LLC bought a new position in Compass Diversified during the second quarter valued at $272,000. Institutional investors and hedge funds own 33.43% of the company’s stock.
Compass Diversified Company Profile
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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