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

Compass Diversified (NYSE:CODI)‘s stock had its “outperform” rating restated by William Blair in a research note issued to investors on Friday,RTT News reports.

CODI has been the topic of a number of other reports. B. Riley upgraded shares of Compass Diversified to a “strong-buy” rating in a research note on Tuesday, January 7th. TD Cowen assumed coverage on shares of Compass Diversified in a research note on Wednesday, November 27th. They issued a “buy” rating and a $34.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $29.00.

Compass Diversified Stock Performance

Compass Diversified stock opened at $21.90 on Friday. Compass Diversified has a 52 week low of $19.76 and a 52 week high of $25.07. 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 stock has a market cap of $1.66 billion, a P/E ratio of 45.62, a price-to-earnings-growth ratio of 1.25 and a beta of 1.64. The stock has a 50 day moving average of $21.55 and a 200-day moving average of $21.86.

Institutional Trading of Compass Diversified

A number of institutional investors and hedge funds have recently modified their holdings of CODI. Allspring Global Investments Holdings LLC boosted its holdings in shares of Compass Diversified by 1.9% in 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 buying an additional 80,402 shares during the period. William Blair Investment Management LLC lifted its holdings in Compass Diversified by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,866,533 shares of the financial services provider’s stock worth $43,080,000 after acquiring an additional 45,725 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in Compass Diversified by 1.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,637,603 shares of the financial services provider’s stock worth $36,240,000 after acquiring an additional 23,104 shares during the last quarter. Essex Financial Services Inc. grew its holdings in shares of Compass Diversified by 0.3% during the fourth quarter. Essex Financial Services Inc. now owns 1,305,545 shares of the financial services provider’s stock valued at $30,132,000 after purchasing an additional 3,371 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Compass Diversified by 14.9% during the fourth quarter. Bank of America Corp DE now owns 1,203,606 shares of the financial services provider’s stock valued at $27,779,000 after purchasing an additional 156,074 shares during the last quarter. 72.73% of the stock is owned by institutional investors and hedge funds.

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.