Compass Diversified (NYSE:CODI) Earns “Buy” Rating from TD Cowen

Compass Diversified (NYSE:CODI)‘s stock had its “buy” rating restated by research analysts at TD Cowen in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They presently have a $12.50 price target on the financial services provider’s stock. TD Cowen’s price target would indicate a potential upside of 21.02% from the company’s previous close.

Several other research analysts also recently commented on CODI. Weiss Ratings raised shares of Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. B. Riley Financial lifted their target price on shares of Compass Diversified from $8.00 to $10.50 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.67.

Compass Diversified Price Performance

Shares of Compass Diversified stock opened at $10.33 on Thursday. The firm has a market capitalization of $777.15 million, a PE ratio of -2.64 and a beta of 1.26. The company has a current ratio of 2.67, a quick ratio of 1.56 and a debt-to-equity ratio of 34.60. Compass Diversified has a 12 month low of $4.58 and a 12 month high of $12.64. The business’s 50-day moving average price is $10.77 and its 200-day moving average price is $8.65.

Institutional Trading of Compass Diversified

Institutional investors have recently modified their holdings of the company. Western Standard LLC purchased a new position in shares of Compass Diversified during the fourth quarter valued at about $5,592,000. Oak Family Advisors LLC bought a new stake in Compass Diversified during the 1st quarter valued at approximately $1,372,000. North Star Investment Management Corp. grew its holdings in shares of Compass Diversified by 20,678.0% during the 1st quarter. North Star Investment Management Corp. now owns 61,295 shares of the financial services provider’s stock worth $482,000 after acquiring an additional 61,000 shares during the period. CenterBook Partners LP purchased a new position in shares of Compass Diversified during the 4th quarter worth approximately $6,597,000. Finally, Y Intercept Hong Kong Ltd raised its position in shares of Compass Diversified by 13.9% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 364,022 shares of the financial services provider’s stock worth $2,861,000 after acquiring an additional 44,528 shares in the last quarter. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Compass Diversified Company Profile

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.