Compass Diversified (NYSE:CODI) Receives Buy Rating from TD Cowen

TD Cowen reiterated their buy rating on shares of Compass Diversified (NYSE:CODI) in a report issued on Thursday,Benzinga reports. They currently have a $12.50 price target on the financial services provider’s stock.

A number of other equities analysts also recently issued reports on the company. B. Riley Financial increased their price objective on Compass Diversified from $8.00 to $10.50 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Weiss Ratings upgraded shares of Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Compass Diversified presently has an average rating of “Hold” and a consensus price target of $12.67.

Compass Diversified Stock Performance

Shares of CODI opened at $10.47 on Thursday. The company has a 50-day simple moving average of $10.81 and a two-hundred day simple moving average of $8.64. The company has a debt-to-equity ratio of 34.60, a current ratio of 2.67 and a quick ratio of 1.56. The firm has a market capitalization of $787.69 million, a PE ratio of -2.68 and a beta of 1.26. Compass Diversified has a one year low of $4.58 and a one year high of $12.64.

Institutional Investors Weigh In On Compass Diversified

Several hedge funds have recently added to or reduced their stakes in CODI. Empowered Funds LLC bought a new position in Compass Diversified in the 1st quarter worth about $222,000. Essential Partners LLC raised its holdings in Compass Diversified by 9,263.2% in the first quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider’s stock worth $42,000 after buying an additional 5,280 shares during the last quarter. Bank of America Corp DE increased its position in shares of Compass Diversified by 77.4% during the first quarter. Bank of America Corp DE now owns 1,306,527 shares of the financial services provider’s stock valued at $10,269,000 after acquiring an additional 570,003 shares in the last quarter. Saba Capital Management L.P. raised its holdings in Compass Diversified by 4.9% in the 1st quarter. Saba Capital Management L.P. now owns 429,259 shares of the financial services provider’s stock worth $3,374,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Compass Diversified in the 1st quarter worth approximately $736,000. 72.73% of the stock is owned by institutional investors.

About Compass Diversified

Compass Diversified Holdings (NYSE:CODI) is a publicly traded private equity company headquartered in Bethesda, Maryland. The firm specializes in acquiring and managing middle-market businesses across a variety of industries, with a focus on driving operational performance and sustainable growth. As an externally managed entity, Compass Diversified leverages a disciplined investment approach to build a portfolio of market-leading companies that benefit from strategic oversight, capital support and shared best practices.

Compass Diversified’s investment activities span five core sectors: branded consumer, consumer services, differentiated industrial products, value-added distribution and business services.