BidaskClub Downgrades Compass Diversified Holdings (CODI) to Sell

BidaskClub downgraded shares of Compass Diversified Holdings (NYSE:CODI) from a hold rating to a sell rating in a research report report published on Wednesday, October 25th.

Other analysts have also issued reports about the company. Zacks Investment Research lowered Compass Diversified Holdings from a hold rating to a strong sell rating in a research report on Tuesday, October 3rd. TheStreet upgraded Compass Diversified Holdings from a c+ rating to a b rating in a research note on Friday, July 7th. ValuEngine downgraded Compass Diversified Holdings from a hold rating to a sell rating in a research note on Friday, August 4th. Finally, Jefferies Group LLC restated a buy rating and issued a $20.00 target price on shares of Compass Diversified Holdings in a research note on Friday, July 14th. Three research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $19.50.



Compass Diversified Holdings (NYSE:CODI) traded down $0.20 during midday trading on Wednesday, reaching $16.55. The company had a trading volume of 178,200 shares, compared to its average volume of 171,170. Compass Diversified Holdings has a 12-month low of $15.90 and a 12-month high of $19.50. The company has a quick ratio of 1.28, a current ratio of 2.41 and a debt-to-equity ratio of 0.68.

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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Investors of record on Thursday, October 19th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date was Wednesday, October 18th. Compass Diversified Holdings’s dividend payout ratio is presently -123.08%.

Several hedge funds and other institutional investors have recently bought and sold shares of CODI. Ameriprise Financial Inc. increased its stake in Compass Diversified Holdings by 21.4% in the 1st quarter. Ameriprise Financial Inc. now owns 31,474 shares of the financial services provider’s stock valued at $522,000 after buying an additional 5,556 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Compass Diversified Holdings by 2.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 13,318 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 305 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Compass Diversified Holdings by 6.7% in the 1st quarter. Legal & General Group Plc now owns 128,323 shares of the financial services provider’s stock valued at $2,133,000 after purchasing an additional 8,029 shares during the last quarter. UBS Group AG boosted its stake in Compass Diversified Holdings by 11.9% during the first quarter. UBS Group AG now owns 145,244 shares of the financial services provider’s stock worth $2,411,000 after acquiring an additional 15,480 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Compass Diversified Holdings by 1.5% during the first quarter. Morgan Stanley now owns 483,861 shares of the financial services provider’s stock worth $8,033,000 after acquiring an additional 7,296 shares in the last quarter. 33.24% 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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