Compass Diversified’s (CODI) Outperform Rating Reiterated at William Blair

Compass Diversified (NYSE:CODI)‘s stock had its “outperform” rating reiterated by William Blair in a note issued to investors on Friday,RTT News reports.

A number of other research firms also recently weighed in on CODI. B. Riley raised shares of Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th. TD Cowen started coverage on Compass Diversified in a report on Wednesday, November 27th. They issued a “buy” rating and a $34.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $29.00.

Compass Diversified Stock Up 8.1 %

NYSE:CODI traded up $1.63 during trading hours on Friday, reaching $21.75. 207,946 shares of the stock were exchanged, compared to its average volume of 193,357. The stock has a market cap of $1.65 billion, a PE ratio of 45.24, a PEG ratio of 1.25 and a beta of 1.64. Compass Diversified has a twelve month low of $19.76 and a twelve month high of $25.07. The firm has a 50 day moving average of $21.58 and a 200 day moving average of $21.85. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. National Bank of Canada FI grew its holdings in Compass Diversified by 11.5% during the third quarter. National Bank of Canada FI now owns 220,338 shares of the financial services provider’s stock worth $4,876,000 after purchasing an additional 22,792 shares during the period. Barclays PLC lifted its position 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 during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Compass Diversified by 22.3% during the 4th quarter. D.A. Davidson & CO. now owns 95,749 shares of the financial services provider’s stock worth $2,210,000 after acquiring an additional 17,453 shares during the period. Swedbank AB boosted its stake in shares of Compass Diversified by 46.5% during the 4th quarter. Swedbank AB now owns 218,900 shares of the financial services provider’s stock worth $5,052,000 after acquiring an additional 69,525 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Compass Diversified by 1.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,338,161 shares of the financial services provider’s stock worth $98,693,000 after acquiring an additional 80,402 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Company Profile

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.