Compass Diversified (NYSE:CODI) Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC increased its holdings in shares of Compass Diversified (NYSE:CODI) by 8.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,872,815 shares of the financial services provider’s stock after buying an additional 150,990 shares during the quarter. William Blair Investment Management LLC owned 2.48% of Compass Diversified worth $45,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CODI. Allspring Global Investments Holdings LLC raised its position in Compass Diversified by 21,508.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,690,210 shares of the financial services provider’s stock valued at $82,845,000 after buying an additional 3,673,132 shares during the period. The Manufacturers Life Insurance Company raised its position in Compass Diversified by 8.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,633,222 shares of the financial services provider’s stock valued at $36,666,000 after buying an additional 126,072 shares during the period. UBS Group AG raised its position in Compass Diversified by 11.1% during the fourth quarter. UBS Group AG now owns 708,786 shares of the financial services provider’s stock valued at $15,912,000 after buying an additional 71,075 shares during the period. International Assets Investment Management LLC acquired a new position in Compass Diversified during the fourth quarter valued at $1,018,000. Finally, Kornitzer Capital Management Inc. KS raised its position in Compass Diversified by 32.0% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 185,700 shares of the financial services provider’s stock valued at $4,169,000 after buying an additional 45,000 shares during the period. 72.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Larry L. Enterline purchased 8,212 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was bought at an average price of $22.41 per share, for a total transaction of $184,030.92. Following the purchase, the insider now owns 32,886 shares in the company, valued at approximately $736,975.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Ryan J. Faulkingham purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average price of $22.44 per share, for a total transaction of $112,200.00. Following the purchase, the insider now owns 33,950 shares in the company, valued at approximately $761,838. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Larry L. Enterline purchased 8,212 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average price of $22.41 per share, with a total value of $184,030.92. Following the purchase, the insider now owns 32,886 shares in the company, valued at approximately $736,975.26. The disclosure for this purchase can be found here. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Separately, William Blair reissued an “outperform” rating on shares of Compass Diversified in a research report on Thursday, May 2nd.

Compass Diversified Stock Up 1.2 %

CODI stock traded up $0.29 during mid-day trading on Wednesday, hitting $23.99. The stock had a trading volume of 295,349 shares, compared to its average volume of 206,383. The company has a current ratio of 4.08, a quick ratio of 1.64 and a debt-to-equity ratio of 1.43. Compass Diversified has a 1-year low of $16.88 and a 1-year high of $25.07. The company has a fifty day moving average of $22.17 and a 200 day moving average of $22.60. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 139.42, a PEG ratio of 1.59 and a beta of 1.68.

Compass Diversified (NYSE:CODI) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). Compass Diversified had a return on equity of 11.71% and a net margin of 4.61%. The firm had revenue of $524.29 million during the quarter, compared to analyst estimates of $540.20 million. On average, equities analysts expect that Compass Diversified will post 1.89 EPS for the current fiscal year.

Compass Diversified Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Thursday, July 18th. Compass Diversified’s payout ratio is currently 588.27%.

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.