Compass Diversified (NYSE:CODI) Rating Reiterated by William Blair

Compass Diversified (NYSE:CODI)‘s stock had its “outperform” rating reiterated by stock analysts at William Blair in a research report issued to clients and investors on Thursday, RTT News reports.

Several other research analysts have also issued reports on CODI. 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 raised their price objective on Compass Diversified from $21.00 to $23.00 and gave the company a “market perform” rating in a research report on Tuesday, March 5th.

Compass Diversified Stock Down 6.2 %

Shares of NYSE:CODI traded down $1.40 during trading on Thursday, hitting $21.17. The stock had a trading volume of 205,727 shares, compared to its average volume of 205,678. Compass Diversified has a 12 month low of $16.88 and a 12 month high of $25.07. The company has a market capitalization of $1.59 billion, a PE ratio of 9.10 and a beta of 1.72. The firm’s fifty day moving average is $23.34 and its 200 day moving average is $21.72. The company has a quick ratio of 2.76, a current ratio of 5.13 and a debt-to-equity ratio of 1.37.

Compass Diversified (NYSE:CODI) last announced its earnings results on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). Compass Diversified had a return on equity of 11.93% and a net margin of 9.43%. The firm had revenue of $566.99 million during the quarter, compared to the consensus estimate of $581.07 million. Analysts anticipate that Compass Diversified will post 1.93 EPS for the current fiscal year.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified 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 transaction of $187,149.20. Following the sale, the insider now directly owns 7,991,471 shares in the company, valued at approximately $199,147,457.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Compass Diversified

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Compass Diversified by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,043,989 shares of the financial services provider’s stock worth $94,676,000 after buying an additional 23,041 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Compass Diversified by 9.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,037,286 shares of the financial services provider’s stock worth $97,177,000 after buying an additional 347,076 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Compass Diversified by 8.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,633,222 shares of the financial services provider’s stock worth $36,666,000 after buying an additional 126,072 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Compass Diversified by 0.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,507,150 shares of the financial services provider’s stock worth $28,289,000 after buying an additional 10,570 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of Compass Diversified by 12.2% in the 3rd quarter. Blair William & Co. IL now owns 723,211 shares of the financial services provider’s stock worth $13,575,000 after buying an additional 78,397 shares during the last quarter. 72.73% of the stock is currently owned by hedge funds and other 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.