Compass Diversified’s (CODI) “Outperform” Rating Reaffirmed at William Blair

William Blair reiterated their outperform rating on shares of Compass Diversified (NYSE:CODI) in a report released on Friday,RTT News reports.

A number of other research firms have also recently issued reports on CODI. B. Riley upgraded Compass Diversified to a “strong-buy” rating in a research report on Tuesday, January 7th. TD Cowen began coverage on Compass Diversified in a research report on Wednesday, November 27th. They issued a “buy” rating and a $34.00 target price on the stock. One 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $29.00.

Compass Diversified Stock Performance

Compass Diversified stock opened at $21.90 on Friday. Compass Diversified has a 12-month low of $19.76 and a 12-month high of $25.07. The company has a quick ratio of 1.62, a current ratio of 4.22 and a debt-to-equity ratio of 1.51. The business’s 50-day moving average price is $21.55 and its two-hundred day moving average price is $21.86. The stock has a market cap of $1.66 billion, a PE ratio of 45.62, a P/E/G ratio of 1.25 and a beta of 1.64.

Compass Diversified Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend was Thursday, January 16th. Compass Diversified’s dividend payout ratio (DPR) is currently 208.33%.

Institutional Trading of Compass Diversified

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SPC Financial Inc. grew its holdings in shares of Compass Diversified by 2.9% during the fourth quarter. SPC Financial Inc. now owns 17,600 shares of the financial services provider’s stock worth $406,000 after purchasing an additional 500 shares during 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 worth $260,000 after acquiring an additional 572 shares during the period. Principle Wealth Partners LLC lifted its stake 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 acquiring an additional 645 shares during the period. Cetera Investment Advisers lifted its stake in shares of Compass Diversified by 2.4% in the fourth quarter. Cetera Investment Advisers now owns 31,104 shares of the financial services provider’s stock worth $718,000 after acquiring an additional 722 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake 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 acquiring an additional 729 shares during the period. 72.73% of the stock is currently 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.