Compass Diversified Holdings (CODI) Rating Reiterated by Jefferies Group LLC

Jefferies Group LLC reaffirmed their buy rating on shares of Compass Diversified Holdings (NYSE:CODI) in a report issued on Friday, July 14th. They currently have a $20.00 price target on the financial services provider’s stock.

Other equities analysts have also recently issued research reports about the stock. TheStreet raised shares of Compass Diversified Holdings from a c+ rating to a b rating in a research report on Friday, July 7th. BidaskClub raised shares of Compass Diversified Holdings from a hold rating to a buy rating in a research report on Wednesday, July 5th. 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $19.25.

Compass Diversified Holdings (NYSE:CODI) opened at 17.25 on Friday. Compass Diversified Holdings has a 12 month low of $15.90 and a 12 month high of $19.50. The firm’s market cap is $1.03 billion. The firm’s 50-day moving average price is $17.37 and its 200-day moving average price is $16.86.

Compass Diversified Holdings (NYSE:CODI) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported ($0.53) EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.90. The firm had revenue of $307.38 million for the quarter, compared to the consensus estimate of $302.86 million. Compass Diversified Holdings had a net margin of 2.20% and a return on equity of 6.42%. The business’s revenue was up 43.5% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. Equities research analysts predict that Compass Diversified Holdings will post $1.59 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Thursday, July 20th were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, July 18th. This represents a $1.44 annualized dividend and a dividend yield of 8.35%. Compass Diversified Holdings’s payout ratio is currently -276.92%.

In related news, insider James Bottiglieri acquired 3,000 shares of the company’s stock in a transaction dated 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 acquisition, the insider now owns 45,462 shares of the company’s stock, valued at approximately $738,302.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alan B. Offenberg acquired 60,000 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were bought at an average cost of $16.84 per share, with a total value of $1,010,400.00. Following the completion of the acquisition, 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. Company insiders own 2.40% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. IFP Advisors Inc boosted its position in shares of Compass Diversified Holdings by 21.2% in the first quarter. IFP Advisors Inc now owns 6,558 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,145 shares during the last quarter. Wedbush Securities Inc. boosted its position in shares of 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 during the last quarter. Envestnet Asset Management Inc. boosted its position in Compass Diversified Holdings by 24.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,013 shares of the financial services provider’s stock worth $233,000 after buying an additional 2,527 shares during the last quarter. Raymond James Trust N.A. purchased a new position in Compass Diversified Holdings during the second quarter worth about $228,000. Finally, McKinley Carter Wealth Services Inc. boosted its position in Compass Diversified Holdings by 1.9% in the first quarter. McKinley Carter Wealth Services Inc. now owns 14,314 shares of the financial services provider’s stock worth $238,000 after buying an additional 273 shares during the last quarter. Institutional investors own 37.06% of the company’s stock.

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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