Compass Diversified (NYSE:CODI) Earns Buy Rating from Analysts at TD Cowen

Equities research analysts at TD Cowen initiated coverage on shares of Compass Diversified (NYSE:CODI) in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $34.00 price target on the financial services provider’s stock. TD Cowen’s price objective suggests a potential upside of 44.40% from the company’s current price.

Compass Diversified Price Performance

Shares of NYSE CODI opened at $23.55 on Wednesday. The business has a fifty day moving average price of $21.87 and a two-hundred day moving average price of $21.92. The stock has a market capitalization of $1.78 billion, a PE ratio of 49.05, a P/E/G ratio of 1.52 and a beta of 1.67. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. Compass Diversified has a fifty-two week low of $19.76 and a fifty-two week high of $25.07.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The business had revenue of $582.62 million during the quarter, compared to the consensus estimate of $571.68 million. Compass Diversified had a return on equity of 12.25% and a net margin of 6.24%. Compass Diversified’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. As a group, equities analysts predict that Compass Diversified will post 1.95 earnings per share for the current fiscal year.

Insider Activity at Compass Diversified

In other news, insider Patrick A. Maciariello acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were bought at an average price of $21.87 per share, with a total value of $109,350.00. Following the acquisition, the insider now directly owns 228,518 shares in the company, valued at $4,997,688.66. The trade was a 2.24 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $23.05, for a total value of $3,118,065.70. Following the completion of the transaction, the insider now directly owns 7,456,197 shares of the company’s stock, valued at approximately $171,865,340.85. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by insiders.

Institutional Trading of Compass Diversified

Several hedge funds and other institutional investors have recently made changes to their positions in CODI. HHM Wealth Advisors LLC bought a new stake in shares of Compass Diversified in the second quarter worth $33,000. Farther Finance Advisors LLC raised its position in shares of Compass Diversified by 273.6% during the third quarter. Farther Finance Advisors LLC now owns 2,219 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 1,625 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Compass Diversified during the second quarter worth about $53,000. Ridgewood Investments LLC bought a new stake in Compass Diversified in the second quarter valued at approximately $55,000. Finally, Nisa Investment Advisors LLC increased its position in Compass Diversified by 190.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 2,000 shares during the period. 72.73% of the stock is currently owned by institutional investors.

Compass Diversified 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, healthcare, safety & security, electronic components, food and foodservice.