William Blair Reiterates “Outperform” Rating for Compass Diversified (NYSE:CODI)

William Blair reissued their outperform rating on shares of Compass Diversified (NYSE:CODI) in a research note published on Thursday, RTT News reports.

Other equities research analysts also recently issued research reports about the company. Bank of America increased their target price on Compass Diversified from $27.00 to $30.00 and gave the stock a buy rating in a research report on Thursday, March 7th. Oppenheimer increased their target price on Compass Diversified from $21.00 to $23.00 and gave the stock a market perform rating in a research report on Tuesday, March 5th.

Compass Diversified Price Performance

Shares of NYSE CODI opened at $21.68 on Thursday. The stock has a fifty day simple moving average of $23.29 and a two-hundred day simple moving average of $21.78. Compass Diversified has a 1-year low of $16.88 and a 1-year high of $25.07. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 127.54 and a beta of 1.72. The company has a current ratio of 5.13, a quick ratio of 2.76 and a debt-to-equity ratio of 1.37.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.09). Compass Diversified had a net margin of 4.61% and a return on equity of 11.84%. The firm had revenue of $566.99 million for the quarter, compared to the consensus estimate of $581.07 million. Analysts anticipate that Compass Diversified will post 1.93 earnings per share for the current year.

Compass Diversified Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 18th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.61%. Compass Diversified’s dividend payout ratio is currently 588.27%.

Insider Buying and Selling

In related news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $24.92, for a total value of $187,149.20. Following the sale, the insider now owns 7,991,471 shares in the company, valued at $199,147,457.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Compass Diversified

A number of institutional investors and hedge funds have recently made changes to their positions in CODI. SG Americas Securities LLC purchased a new stake in shares of Compass Diversified in the third quarter worth $109,000. Commonwealth Equity Services LLC raised its position in Compass Diversified by 2.9% during the third quarter. Commonwealth Equity Services LLC now owns 47,668 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 1,322 shares in the last quarter. Raymond James & Associates raised its position in Compass Diversified by 2.7% during the third quarter. Raymond James & Associates now owns 96,504 shares of the financial services provider’s stock valued at $1,811,000 after purchasing an additional 2,567 shares in the last quarter. Bank of New York Mellon Corp raised its position in Compass Diversified by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 206,212 shares of the financial services provider’s stock valued at $3,871,000 after purchasing an additional 779 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in Compass Diversified by 4.0% during the third quarter. Brown Advisory Inc. now owns 78,303 shares of the financial services provider’s stock valued at $1,470,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

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.