Compass Diversified (NYSE:CODI) Coverage Initiated at TD Cowen

Investment analysts at TD Cowen assumed coverage on shares of Compass Diversified (NYSE:CODIGet Free Report) in a report issued on Wednesday, Marketbeat.com reports. The firm set a “buy” rating and a $34.00 price target on the financial services provider’s stock. TD Cowen’s target price would suggest a potential upside of 43.82% from the stock’s previous close.

Compass Diversified Stock Performance

Shares of CODI stock opened at $23.64 on Wednesday. Compass Diversified has a 12 month low of $19.76 and a 12 month high of $25.07. The stock has a market capitalization of $1.79 billion, a P/E ratio of 49.25, a PEG ratio of 1.52 and a beta of 1.67. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. The firm’s 50 day moving average is $21.95 and its 200 day moving average is $21.95.

Compass Diversified (NYSE:CODIGet Free Report) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. Compass Diversified had a return on equity of 12.25% and a net margin of 6.24%. The company had revenue of $582.62 million for the quarter, compared to analyst estimates of $571.68 million. During the same period in the previous year, the company posted $0.34 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Compass Diversified will post 1.95 earnings per share for the current year.

Insider Transactions at Compass Diversified

In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 owns 7,456,197 shares of the company’s stock, valued at $171,865,340.85. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Patrick A. Maciariello acquired 5,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were bought at an average cost of $21.87 per share, with a total value of $109,350.00. Following the completion of 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 disclosure for this purchase can be found here. Insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Compass Diversified

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

About Compass Diversified

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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.

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