Compass Diversified Holdings (CODI) Receiving Somewhat Favorable Press Coverage, Report Finds
News articles about Compass Diversified Holdings (NYSE:CODI) have been trending somewhat positive on Saturday, according to AlphaOne. The research firm, a division of Accern, scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Compass Diversified Holdings earned a media sentiment score of 0.24 on AlphaOne’s scale. AlphaOne also assigned media stories about the financial services provider an impact score of 84 out of 100, meaning that recent news coverage is very likely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Alpha One’s analysis:
- 5.11 Welcomes Tim Kennedy as Brand Ambassador (firehouse.com)
- Financial Analysis: Compass Diversified Holdings (CODI) versus REX American Resources Corporation (REX) (americanbankingnews.com)
- Crosman Acquired By Compass Diversified Holdings (shootingwire.com)
- Compass Diversified Holdings (CODI) Lifted to Hold at BidaskClub (americanbankingnews.com)
- Investor Notebook: Watching Shares of Compass Diversified Holdings (CODI) – Wall Street Review (thewallstreetreview.com)
Shares of Compass Diversified Holdings (NYSE CODI) traded up 1.18% during mid-day trading on Friday, hitting $17.10. The stock had a trading volume of 171,929 shares. The stock has a 50 day moving average price of $16.44 and a 200-day moving average price of $17.06. The company has a market cap of $1.02 billion, a PE ratio of 110.32 and a beta of 0.60. Compass Diversified Holdings has a 52-week low of $15.90 and a 52-week high of $19.50.
Several analysts have commented on CODI shares. Jefferies Group LLC reissued a “buy” rating and issued a $22.00 price objective on shares of Compass Diversified Holdings in a report on Thursday, March 16th. Zacks Investment Research raised Compass Diversified Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, June 7th. TheStreet lowered Compass Diversified Holdings from a “b” rating to a “c+” rating in a report on Wednesday, March 1st. Finally, BidaskClub raised Compass Diversified Holdings from a “sell” rating to a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $19.25.
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In other news, insider Elias Sabo purchased 30,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were acquired at an average price of $16.14 per share, for a total transaction of $484,200.00. Following the acquisition, the insider now directly owns 485,549 shares in the company, valued at approximately $7,836,760.86. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ryan J. Faulkingham purchased 3,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was purchased at an average price of $16.20 per share, for a total transaction of $48,600.00. Following the acquisition, the insider now owns 3,900 shares in the company, valued at $63,180. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 39,104 shares of company stock worth $632,581. Insiders own 2.40% 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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