Compass Diversified’s (CODI) Buy Rating Reaffirmed at TD Cowen

Compass Diversified (NYSE:CODI)‘s stock had its “buy” rating reaffirmed by research analysts at TD Cowen in a research note issued on Thursday,Benzinga reports. They presently have a $12.50 target price on the financial services provider’s stock. TD Cowen’s price target points to a potential upside of 23.16% from the company’s previous close.

CODI has been the topic of a number of other reports. B. Riley Financial boosted their price target on Compass Diversified from $8.00 to $10.50 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Weiss Ratings upgraded Compass Diversified from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.67.

Compass Diversified Stock Up 2.9%

Shares of NYSE CODI traded up $0.29 on Thursday, reaching $10.15. 176,275 shares of the company’s stock traded hands, compared to its average volume of 1,164,069. Compass Diversified has a 12 month low of $4.58 and a 12 month high of $12.64. The business’s 50 day simple moving average is $10.85 and its two-hundred day simple moving average is $8.60. The company has a market cap of $763.61 million, a price-to-earnings ratio of -2.59 and a beta of 1.26. The company has a quick ratio of 1.56, a current ratio of 2.67 and a debt-to-equity ratio of 34.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Essential Partners LLC grew its holdings in shares of Compass Diversified by 9,263.2% during the first quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider’s stock valued at $42,000 after buying an additional 5,280 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Compass Diversified by 68.6% during the second quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 4,000 shares in the last quarter. Focus Partners Wealth purchased a new position in Compass Diversified in the 3rd quarter worth approximately $70,000. Quantessence Capital LLC purchased a new position in Compass Diversified in the 3rd quarter worth approximately $70,000. Finally, Diversify Wealth Management LLC purchased a new stake in Compass Diversified during the 2nd quarter valued at $81,000. Institutional investors own 72.73% of the company’s stock.

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.