Compass Diversified (NYSE:CODI) Earns Buy Rating from Analysts at TD Cowen

TD Cowen started coverage on shares of Compass Diversified (NYSE:CODI) in a report published on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $34.00 target price on the financial services provider’s stock.

Compass Diversified Trading Up 0.3 %

Shares of CODI opened at $23.70 on Wednesday. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 49.38, a PEG ratio of 1.52 and a beta of 1.67. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. Compass Diversified has a 1-year low of $19.76 and a 1-year high of $25.07. The company has a 50-day moving average of $21.99 and a 200 day moving average of $21.96.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings results 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. The firm had revenue of $582.62 million during the quarter, compared to analyst estimates of $571.68 million. Compass Diversified had a return on equity of 12.25% and a net margin of 6.24%. Compass Diversified’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. On average, research analysts expect that Compass Diversified will post 1.95 EPS for the current year.

Compass Diversified Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were issued a $0.25 dividend. The ex-dividend date was Thursday, October 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.22%. Compass Diversified’s payout ratio is currently 208.33%.

Insider Buying and Selling

In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $23.05, for a total transaction of $3,118,065.70. Following the sale, the insider now owns 7,456,197 shares of the company’s stock, valued at approximately $171,865,340.85. This trade represents a 1.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Patrick A. Maciariello purchased 5,000 shares of Compass Diversified stock in a transaction dated Friday, September 20th. The stock was bought at an average cost of $21.87 per share, with a total value of $109,350.00. Following the completion of the transaction, the insider now owns 228,518 shares in the company, valued at approximately $4,997,688.66. This represents a 2.24 % increase in their position. The disclosure for this purchase can be found here. 1.76% of the stock is owned by insiders.

Institutional Trading of Compass Diversified

Hedge funds have recently modified their holdings of the company. HHM Wealth Advisors LLC bought a new position in shares of Compass Diversified during the 2nd quarter worth approximately $33,000. Farther Finance Advisors LLC grew its holdings in 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 purchasing an additional 1,625 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Compass Diversified during the second quarter worth $53,000. Ridgewood Investments LLC purchased a new stake in shares of Compass Diversified during the 2nd quarter valued at $55,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Compass Diversified by 190.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,051 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 2,000 shares in the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.

About Compass Diversified

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.