Compass Diversified (NYSE:CODI) Now Covered by Analysts at TD Cowen

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

Compass Diversified Trading Up 0.4 %

Shares of NYSE CODI opened at $23.64 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.62 and a current ratio of 4.22. Compass Diversified has a 52-week low of $19.76 and a 52-week high of $25.07. The firm has a 50 day moving average price of $21.91 and a two-hundred day moving average price of $21.93. The stock has a market cap of $1.79 billion, a P/E ratio of 49.25, a price-to-earnings-growth ratio of 1.52 and a beta of 1.67.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.10. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. The company had revenue of $582.62 million during the quarter, compared to analysts’ expectations of $571.68 million. During the same period in the prior year, the company posted $0.34 earnings per share. Compass Diversified’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, equities analysts forecast that Compass Diversified will post 1.95 EPS for the current year.

Compass Diversified Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Thursday, October 17th. Compass Diversified’s payout ratio is 208.33%.

Insiders Place Their Bets

In related news, insider Patrick A. Maciariello purchased 5,000 shares of Compass Diversified stock in a transaction on Friday, September 20th. The stock was acquired at an average cost of $21.87 per share, for a total transaction of $109,350.00. Following the completion of the acquisition, the insider now owns 228,518 shares of the company’s stock, valued at $4,997,688.66. This trade represents a 2.24 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of the firm’s 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Arete Wealth Advisors LLC bought a new position in shares of Compass Diversified in the third quarter valued at $201,000. Barclays PLC lifted its stake in shares of Compass Diversified by 296.3% in the third quarter. Barclays PLC now owns 105,774 shares of the financial services provider’s stock valued at $2,341,000 after buying an additional 79,086 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Compass Diversified by 11.5% in the third quarter. National Bank of Canada FI now owns 220,338 shares of the financial services provider’s stock valued at $4,876,000 after buying an additional 22,792 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Compass Diversified by 5.1% in the third quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider’s stock valued at $260,000 after buying an additional 572 shares in the last quarter. Finally, De Lisle Partners LLP bought a new position in shares of Compass Diversified in the third quarter valued at $339,000. 72.73% of the stock is owned by 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.