Compass Diversified (NYSE:CODI) Raised to "Buy" at B. Riley Financial

Key Points

• B. Riley Financial upgraded Compass Diversified from “neutral” to “buy” and set a $15.00 price target, implying 35.75% upside from the prior close.
• Analyst sentiment remains mixed: three analysts rate CODI a Buy, two a Hold and one a Sell, resulting in a consensus “Hold” rating and an average target price of $14.17.
• CODI opened at $11.05 with an $831.4 million market capitalization, while institutional investors own 72.73% of the company’s stock.

Compass Diversified (NYSE:CODI - Get Free Report) was upgraded by equities researchers at B. Riley Financial from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage currently has a $15.00 price objective on the financial services provider's stock. B. Riley Financial's target price would suggest a potential upside of 35.75% from the company's previous close.

Several other analysts have also recently issued reports on CODI. TD Cowen restated a "buy" rating and issued a $12.50 target price on shares of Compass Diversified in a report on Thursday, July 16th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Compass Diversified in a report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Compass Diversified has a consensus rating of "Hold" and a consensus target price of $14.17.

Compass Diversified Stock Performance

CODI opened at $11.05 on Tuesday. The firm has a market capitalization of $831.40 million, a PE ratio of -2.83 and a beta of 1.27. Compass Diversified has a twelve month low of $4.58 and a twelve month high of $12.64. The firm's 50-day moving average price is $10.35 and its 200 day moving average price is $9.27. The company has a current ratio of 2.67, a quick ratio of 1.56 and a debt-to-equity ratio of 34.60.

Hedge Funds Weigh In On Compass Diversified

A number of hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its position in Compass Diversified by 0.9% in the first quarter. Public Employees Retirement System of Ohio now owns 133,659 shares of the financial services provider's stock valued at $1,051,000 after purchasing an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Compass Diversified by 4.6% in the first 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 in the last quarter. Sei Investments Co. raised its holdings in shares of Compass Diversified by 1.8% in the 3rd quarter. Sei Investments Co. now owns 115,570 shares of the financial services provider's stock valued at $765,000 after buying an additional 2,022 shares during the period. Brown Advisory Inc. raised its holdings in shares of Compass Diversified by 3.9% in the 2nd quarter. Brown Advisory Inc. now owns 80,734 shares of the financial services provider's stock valued at $507,000 after buying an additional 3,000 shares during the period. Finally, Prudential Financial Inc. lifted its stake in Compass Diversified by 13.0% during the 2nd quarter. Prudential Financial Inc. now owns 30,325 shares of the financial services provider's stock worth $190,000 after acquiring an additional 3,490 shares in the last quarter. Hedge funds and other 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.

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