William Blair Investment Management LLC Has $43.08 Million Stake in Compass Diversified (NYSE:CODI)

William Blair Investment Management LLC lifted its position in shares of Compass Diversified (NYSE:CODI) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,866,533 shares of the financial services provider’s stock after acquiring an additional 45,725 shares during the quarter. William Blair Investment Management LLC owned approximately 2.47% of Compass Diversified worth $43,080,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of Compass Diversified in the 4th quarter worth about $4,250,000. FMR LLC lifted its stake in Compass Diversified by 115.0% in the third quarter. FMR LLC now owns 283,777 shares of the financial services provider’s stock valued at $6,280,000 after purchasing an additional 151,783 shares during the last quarter. Swedbank AB purchased a new position in Compass Diversified in the third quarter valued at approximately $3,306,000. Allspring Global Investments Holdings LLC raised its holdings in 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 valued at $98,693,000 after acquiring an additional 80,402 shares during the period. Finally, Barclays PLC raised its holdings in Compass Diversified by 296.3% during the 3rd quarter. Barclays PLC now owns 105,774 shares of the financial services provider’s stock valued at $2,341,000 after acquiring an additional 79,086 shares during the period. 72.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CODI. William Blair reissued an “outperform” rating on shares of Compass Diversified in a research note on Friday, February 28th. B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, TD Cowen began coverage on shares of Compass Diversified in a research note on Wednesday, November 27th. They issued a “buy” rating and a $34.00 price target for the company.

Compass Diversified Trading Up 1.0 %

Shares of CODI stock opened at $19.64 on Tuesday. Compass Diversified has a 12-month low of $18.88 and a 12-month high of $24.59. The company has a current ratio of 4.22, a quick ratio of 1.62 and a debt-to-equity ratio of 1.51. The firm’s 50 day moving average is $20.85 and its 200 day moving average is $21.74. The stock has a market capitalization of $1.48 billion, a P/E ratio of 40.92, a P/E/G ratio of 1.25 and a beta of 1.59.

Compass Diversified Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. 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 payout ratio is 208.33%.

Compass Diversified 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.