Compass Diversified Holdings (CODI) Given Buy Rating at Jefferies Group LLC

Jefferies Group LLC restated their buy rating on shares of Compass Diversified Holdings (NYSE:CODI) in a research note released on Friday morning. They currently have a $20.00 target price on the financial services provider’s stock.

CODI has been the subject of several other reports. BidaskClub lowered shares of Compass Diversified Holdings from a buy rating to a hold rating in a research report on Wednesday, July 12th. TheStreet raised shares of Compass Diversified Holdings from a c+ rating to a b rating in a research report on Friday, July 7th. Finally, Zacks Investment Research raised shares of Compass Diversified Holdings from a sell rating to a hold rating in a research report on Wednesday, June 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of $19.25.

Shares of Compass Diversified Holdings (NYSE:CODI) traded down 0.28% during mid-day trading on Friday, hitting $17.70. 300,550 shares of the stock were exchanged. Compass Diversified Holdings has a 52-week low of $15.90 and a 52-week high of $19.50. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 114.19 and a beta of 0.57. The stock has a 50-day moving average price of $16.59 and a 200 day moving average price of $16.94.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Thursday, July 20th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 8.14%. The ex-dividend date of this dividend is Tuesday, July 18th. Compass Diversified Holdings’s dividend payout ratio is presently 423.53%.

In other Compass Diversified Holdings news, insider James Bottiglieri purchased 3,000 shares of Compass Diversified Holdings stock in a transaction on Wednesday, May 17th. The stock was bought at an average cost of $16.24 per share, with a total value of $48,720.00. Following the transaction, the insider now owns 45,462 shares of the company’s stock, valued at approximately $738,302.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alan B. Offenberg purchased 60,000 shares of Compass Diversified Holdings stock in a transaction on Thursday, June 22nd. The shares were acquired at an average cost of $16.84 per share, with a total value of $1,010,400.00. Following the completion of the transaction, the insider now directly owns 500,852 shares in the company, valued at approximately $8,434,347.68. The disclosure for this purchase can be found here. Insiders have acquired a total of 96,000 shares of company stock valued at $1,591,920 over the last three months. 2.40% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the company. Essex Financial Services Inc. raised its position in Compass Diversified Holdings by 9.0% in the first quarter. Essex Financial Services Inc. now owns 619,076 shares of the financial services provider’s stock worth $1,028,000 after buying an additional 51,250 shares in the last quarter. Ameriprise Financial Inc. raised its position in Compass Diversified Holdings by 21.4% in the first quarter. Ameriprise Financial Inc. now owns 31,474 shares of the financial services provider’s stock worth $522,000 after buying an additional 5,556 shares in the last quarter. Wedbush Securities Inc. raised its position in Compass Diversified Holdings by 6.7% in the first quarter. Wedbush Securities Inc. now owns 10,991 shares of the financial services provider’s stock worth $182,000 after buying an additional 687 shares in the last quarter. Sei Investments Co. raised its position in Compass Diversified Holdings by 18.3% in the first quarter. Sei Investments Co. now owns 104,578 shares of the financial services provider’s stock worth $1,736,000 after buying an additional 16,203 shares in the last quarter. Finally, HPM Partners LLC acquired a new position in Compass Diversified Holdings during the first quarter worth about $277,000. 37.26% of the stock is owned by institutional investors.

Compass Diversified Holdings 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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