William Blair Investment Management LLC Purchases 45,725 Shares of Compass Diversified (NYSE:CODI)

William Blair Investment Management LLC grew its stake in shares of Compass Diversified (NYSE:CODI - Free Report) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,866,533 shares of the financial services provider's stock after buying an additional 45,725 shares during the quarter. William Blair Investment Management LLC owned 2.47% of Compass Diversified worth $43,080,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. SPC Financial Inc. raised its stake 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 valued at $406,000 after acquiring an additional 500 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Compass Diversified by 5.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider's stock valued at $260,000 after purchasing an additional 572 shares during the last quarter. Principle Wealth Partners LLC grew its position in shares of Compass Diversified by 6.5% in the 4th 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. grew its position in shares of Compass Diversified by 29.6% in the 4th 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. increased its stake 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 valued at $1,733,000 after buying an additional 817 shares during the period. Hedge funds and other institutional investors own 72.73% of the company's stock.

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Analyst Ratings Changes

Several research firms recently weighed in on CODI. William Blair reiterated an "outperform" rating on shares of Compass Diversified in a report on Friday, February 28th. TD Cowen started coverage on shares of Compass Diversified in a research note on Wednesday, November 27th. They set a "buy" rating and a $34.00 target price on the stock. Finally, B. Riley raised shares of Compass Diversified to a "strong-buy" rating in a research note on Tuesday, January 7th.

Compass Diversified Stock Down 3.1 %

Compass Diversified stock traded down $0.61 on Friday, hitting $19.10. 695,972 shares of the stock traded hands, compared to its average volume of 230,387. Compass Diversified has a 1 year low of $18.88 and a 1 year high of $24.59. The firm has a market cap of $1.44 billion, a P/E ratio of 39.79, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59. 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 business's fifty day simple moving average is $20.72 and its 200 day simple moving average is $21.70.

Compass Diversified Dividend Announcement

The business 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. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 5.24%. Compass Diversified's payout ratio is presently 208.33%.

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.