Compass Diversified’s (CODI) “Buy” Rating Reiterated at TD Cowen

TD Cowen restated their buy rating on shares of Compass Diversified (NYSE:CODI) in a research report released on Thursday, MarketBeat reports. The firm currently has a $12.50 price target on the financial services provider’s stock.

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

Compass Diversified Price Performance

CODI stock opened at $10.33 on Thursday. The firm has a market cap of $777.15 million, a price-to-earnings ratio of -2.64 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. Compass Diversified has a 12-month low of $4.58 and a 12-month high of $12.64. The company’s fifty day simple moving average is $10.77 and its 200 day simple moving average is $8.65.

Institutional Investors Weigh In On Compass Diversified

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new position in shares of Compass Diversified during the first quarter valued at about $294,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Compass Diversified by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock valued at $740,000 after buying an additional 1,728 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Compass Diversified by 6.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,458 shares of the financial services provider’s stock valued at $2,884,000 after buying an additional 10,006 shares during the period. Jane Street Group LLC increased its position in Compass Diversified by 345.5% in the 1st quarter. Jane Street Group LLC now owns 193,907 shares of the financial services provider’s stock valued at $3,620,000 after buying an additional 150,386 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Compass Diversified by 5.5% in the 2nd quarter. Geode Capital Management LLC now owns 862,549 shares of the financial services provider’s stock valued at $5,416,000 after buying an additional 44,938 shares in the last quarter. 72.73% of the stock is owned by 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.