The price of Compass Diversified (NYSE:CODI) shares last traded on Wall Street rose 3.15% to $20.00.
Based on available information, 7 analysts follow Compass Diversified (NYSE:CODI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $33.00 and a low of $24.00, we find $30.00. Given the previous closing price of $19.39, this indicates a potential upside of 54.72 percent. CODI stock price is now 3.23% away from the 50-day moving average and -10.42% away from the 200-day moving average. The market capitalization of the company currently stands at $1.41B.
Among analysts, 2 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $29.40 as their price target over the next twelve months.
With the price target of $33, B. Riley Securities recently initiated with Buy rating for Compass Diversified (NYSE: CODI). On September 14, 2021, Oppenheimer recently initiated its ‘Perform’ rating on the stock quoting a target price of $32, while ‘ROTH Capital’ rates the stock as ‘Buy’.
In other news, MACIARIELLO PATRICK A, bought 6,500 shares of the company’s stock on Sep 26. The stock was bought for $118,290 at an average price of $18.20. Upon completion of the transaction, the now directly owns 191,018 shares in the company, valued at $3.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10, 10% Owner Anholt Investments Ltd. sold 146,937 shares of the business’s stock. A total of $3,483,318 was realized by selling the stock at an average price of $23.71. This leaves the insider owning 7,937,882 shares of the company worth $158.76 million. Insiders disposed of 346,937 shares of company stock worth roughly $6.94 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CODI stock. A new stake in Compass Diversified shares was purchased by STATE STREET CORP during the first quarter worth $17,372,000. GEODE CAPITAL MANAGEMENT, LLC invested $10,160,000 in shares of CODI during the first quarter. In the first quarter, NUVEEN ASSET MANAGEMENT, LLC acquired a new stake in Compass Diversified valued at approximately $5,750,000. GREAT LAKES ADVISORS, LLC acquired a new stake in CODI for approximately $3,888,000. APTUS CAPITAL ADVISORS, LLC purchased a new stake in CODI valued at around $2,983,000 in the second quarter. In total, there are 245 active investors with 52.40% ownership of the company’s stock.
A candlestick chart of Compass Diversified (NYSE: CODI) showed a price of $19.99 on Thursday morning. During the past 12 months, Compass Diversified has had a low of $17.08 and a high of $33.31. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.40, and a quick ratio of 1.50. The fifty day moving average price for CODI is $19.37 and a two-hundred day moving average price translates $22.33 for the stock.
The latest earnings results from Compass Diversified (NYSE: CODI) was released for Jun, 2022. According to the Conglomerates Company, earnings per share came in at $0.56, beating analysts’ expectations of $0.4 by 0.16. This compares to $1.10 EPS in the same period last year. The net profit margin was 5.10% and return on equity was 12.50% for CODI. The company reported revenue of $597.61 million for the quarter, compared to $488.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.42 percent. For the current quarter, analysts expect CODI to generate $550.96M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/27/2022. Investors who held shares on 10/20/2022 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 5.00% percent yield. There was an ex-dividend date of 10/19/2022 for this dividend. In terms of dividend payout ratio, CODI is presently at 80.10%.
Compass Diversified(CODI) Company Profile
Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage 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. The firm prefers to invest in companies based in North America. It seeks to invest between $100 million and $800 million in companies with an EBITDA between $15 million to $80 million. It seeks to acquire controlling ownership interests in its portfolio companies and can make additional platform acquisitions. The firm prefer to have majority stake in companies. The firm invests through its balance sheet and typically holds investments between five to seven years. Compass Diversified was founded in 2005 and is based in Westport, Connecticut with an additional office in Costa Mesa, California.