William Blair Investment Management LLC Boosts Stake in Compass Diversified (NYSE:CODI)

William Blair Investment Management LLC raised its position in Compass Diversified (NYSE:CODI) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,866,533 shares of the financial services provider’s stock after purchasing an additional 45,725 shares during the quarter. William Blair Investment Management LLC’s holdings in Compass Diversified were worth $43,080,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. SPC Financial Inc. grew its stake in Compass Diversified by 2.9% in the 4th quarter. SPC Financial Inc. now owns 17,600 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 500 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings 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 worth $260,000 after buying an additional 572 shares during the last quarter. Principle Wealth Partners LLC raised its holdings in shares of Compass Diversified by 6.5% in the fourth quarter. Principle Wealth Partners LLC now owns 10,510 shares of the financial services provider’s stock worth $243,000 after buying an additional 645 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Compass Diversified by 29.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,194 shares of the financial services provider’s stock worth $74,000 after buying an additional 729 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Compass Diversified by 1.1% during the third quarter. D.A. Davidson & CO. now owns 78,296 shares of the financial services provider’s stock worth $1,733,000 after purchasing an additional 817 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors.

Compass Diversified Trading Up 1.0 %

Shares of CODI stock opened at $19.64 on Tuesday. 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 fifty-two week low of $18.88 and a fifty-two week high of $24.59. The stock has a market capitalization of $1.48 billion, a P/E ratio of 40.92, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59. The company has a 50 day moving average price of $20.85 and a 200 day moving average price of $21.74.

Compass Diversified Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date was Thursday, January 16th. Compass Diversified’s dividend payout ratio (DPR) is 208.33%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. TD Cowen initiated coverage on shares of Compass Diversified in a report on Wednesday, November 27th. They set a “buy” rating and a $34.00 target price for the company. William Blair reiterated an “outperform” rating on shares of Compass Diversified in a research report on Friday, February 28th. Finally, B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th.

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.